TallyPrime
TallyPrime Reviews
& Product DetailsWhat is TallyPrime?
TallyPrime is a comprehensive business management software designed to empower businesses with efficient tools for growth and informed decision-making. It offers a wide range of features for invoicing, accounting, inventory management, banking, taxation, compliance, cost analysis, payroll, and more.
TallyPrime simplifies complex processes, enabling users to generate professional invoices, manage multi-currency transactions, and handle diverse pricing models. It supports flexible inventory management, manufacturing, and expiry date tracking.
With robust reporting capabilities, TallyPrime provides real-time insights into business performance and aids in analysis for confident decision-making. Its net capabilities ensure secure remote access to reports and data, simplifying e-invoicing, e-way bill generation, and digital payment requests.
The software promotes compliance with built-in GST features, statutory reports, and audit trail maintenance.
Additionally, TallyPrime supports multiple companies, multilingual capabilities, and streamlined backup and restore processes, making it a versatile solution for businesses seeking efficient management of their operations.
Best For
- StartUps
- Freelancers
- Small Business
- Medium Business
- Large Enterprise
- Non-profit Organization
- Personal
- Cloud, SaaS, Web-Based
- Mobile - Android
- Mobile - iPhone
- Mobile - iPad
- Desktop - Mac
- Desktop - Windows
- Desktop - Linux
- Desktop - Chromebook
- On-Premise - Windows
- On-Premise - Linux
-
Company Name
Tally Solutions
-
Located In
India
-
Website
tallysolutions.com
Starting from:
Custom
Pricing Model: Subscription
- Free Trial
- Free Version
Pricing Details:
TallyPrime offers two editions for purchase: SILVER (INR 18,000 + GST) for standalone PCs and GOLD (INR 54,000 + GST) for multi-user LAN environments. Rental options are available too: SILVER RENTAL (3 months: INR 6,577 + GST) and GOLD RENTAL (3 months: INR 19,732 + GST). TallyPrime Server for medium-large enterprises costs INR 1,24,236/year + GST
- Integration APIs
- Account Reconciliation
- Accounts Payable
- Accounts Receivable
- Activity Dashboard
- Billing & Invoicing
- Budgeting/Forecasting
- Cash Flow Management
- ERP
- Electronic Payments
- Expense Tracking
- Financial Management
- Inventory Tracking
- Invoice Management
- Multi-Currency
- Payroll Management
- Profit/Loss Statement
- Project Management
- Reporting & Statistics
- Audit Trail
Additional Features
- Accounting
- Accounting Integration
- Alerts/Notifications
- Automatic Billing
- Bank Reconciliation
- Bills of Material
- CPA Firms
- Cash Management
- Commission Management
- Cost Tracking
- Customer Statements
- Customizable Reports
- Distribution Management
- Enterprise Asset Management
- Financial Reporting
- Fixed Asset Management
- Fund Accounting
- General Ledger
- Income & Balance Sheet
- Integrated Business Operations
- Inventory Management
- Invoice Creation
- Invoice History
- Inventory Optimization
- Invoice Processing
- Journal Entries
- Order Management
- Product Identification
- Project Accounting
- Purchase Order Management
- Real Time Reporting
- Receivables Ledger
- Reporting/Analytics
- Retail Inventory Management
- Sales Tax Management
- Supply Chain Management
- Transaction Management
- Warehouse Management
-
Comprehensive Functionality
Users appreciate TallyPrime for its extensive features covering accounting, auditing, financial reporting, and tax reporting among others. It’s considered an advanced tool for these functions.
-
Ease of Use
The software is lauded for its simplicity and user-friendly design, making it accessible for users without advanced technical knowledge.
-
Efficiency and Productivity
Many users highlight the software’s effectiveness in managing and tracking financial data, enhancing business efficiency and productivity.
-
Customization and Accessibility
Features like short keys for quick access and the ability to customize reports according to management’s requirements are highly valued.
-
Vendor Support and Training
Despite some criticisms, the overall feedback about vendor support and the availability and quality of training materials is positive, indicating good support for users.
-
Outdated Interface
Some users feel that the interface is somewhat outdated compared to other available products and suggest improvements in this area.
-
Customer Support
There are mixed reviews about customer support, with some users finding it lacking and suggesting it could be improved.
-
Cost for Customization
Additional costs for customization are mentioned as a downside, with suggestions for including more features without extra charges.
-
Software Stability
Instances of the software hanging and requiring system reloads have been reported, indicating a need for improved stability.
-
Limited Language and Input Options
Some users have pointed out the need for the software to support more languages and provide more comprehensive input options.
Disclaimer
Here at Tekpon's Global Buzz, we blend AI smarts with a human touch to offer a snapshot of user reviews from the web. While we carefully craft these summaries, please remember they reflect diverse user views and experiences, not Tekpon’s own opinions.
Tell us your opinion about TallyPrime and help others.
TallyPrime is a comprehensive business management software that offers solutions for accounting, inventory management, payroll, taxation, and more. It is designed to help small to medium businesses streamline their financial operations and compliance, making it easier to manage daily transactions and report on business performance effectively.
TallyPrime is not free. It offers a licensed model with a 7-day free trial to allow users to evaluate the software’s features before purchasing a full license.
TallyPrime is the upgraded version of Tally ERP 9, featuring a more intuitive interface, enhanced features, and better performance. TallyPrime provides additional functionalities like go-to capabilities, multi-tasking abilities, and improved browsing, aiming to improve user efficiency and customization.
In TallyPrime, cost refers to the expenditures associated with the production or acquisition of goods and services. The software offers detailed cost analysis features that help businesses track, manage, and control costs, ultimately aiding in financial decision-making and profitability enhancement.
To use TallyPrime for accounting, start by setting up your company details and financial year. Enter transactions through its various vouchers, use its accounting features to manage ledgers, bank statements, and reconcile accounts. TallyPrime automates many tasks like GST calculations and returns, making it a powerful tool for comprehensive financial management.
TallyPrime offers robust data security with features like controlled access, data encryption, and secure data storage. These features ensure that sensitive financial information is kept secure from unauthorized access, making TallyPrime a safe choice for business accounting and financial management.
Using TallyPrime without a license is not recommended and may be illegal. Tally Solutions provides licensed software to ensure users receive regular updates, support, and data security. Unauthorized use can lead to data breaches and a lack of technical support.
Tally is considered user-friendly, especially with the introduction of TallyPrime, which has an enhanced interface and improved navigation. However, like any comprehensive business software, gaining proficiency may require some initial training and regular use, especially for complex accounting tasks.
One potential disadvantage of TallyPrime is that it can be complex for users unfamiliar with accounting principles. Additionally, being a desktop-based software, it may not offer the same level of accessibility and real-time collaboration as cloud-based platforms.
Tally is better than Excel for business accounting because it offers automated tools for managing financial transactions, compliance, and reports, which reduces errors associated with manual entries in Excel.
Tally also provides real-time data processing and is specifically designed to handle accounting and financial tasks, unlike Excel, which is more generic.
