Benefits of Tally Software

Tally.ERP 9 provides you with exceptional capabilities that will simplify the way you manage all critical aspects of your business, including accounting, sales and purchase, inventory, manufacturing, taxation, payroll, MIS reporting, and much more.

Best Accounting Management

Tally adapts to the unique ways of your business whether you want to manage working capital or control inventory. Tally is easy to learn and can be implemented with minimum resources.

Complete solution for VAT compliance

Tally.ERP 9 is an end-to-end solution that factors in all VAT related statutory changes as and when required. Tally is your VAT compliance partner.

Banking Transactions

Get rid of incidences of errors and other hassles involved in manual reconciliation with banking transactions. Tally.ERP 9 offers auto bank reconciliation that will help you save time and avoid errors.

Inventory Management

Easy application Management

Easy to Share

Payroll Management

Budgets and Controls

Support for Manufacturers

Multilingual Capabilities

Enhanced Security

Tally Interview questions

Tally.ERP 9 - Your Business Support Software

Tally. ERP 9 is a worldwide trusted accounting software that is used by more than million businesses.
Tally. ERP 9 is designed with flexibility to handle all of your business requirements. The needs of your business change as it grows and Tally. ERP 9 is designed to scale. Let Tally manage your accounting and VAT Tax compliance, while you focus to grow your business.
Tally adapts to the unique ways of your business whether you want to manage working capital or control inventory. Get a bird's eye view for any topic at any point in time. Drill down to the last detail and view reports before making decisions.
Tally.ERP 9 is a simplified solution that runs the complex parts of your business such as accounting, compliance and processes in the background. Tally is easy to learn and can be implemented with minimum resources.

Knowledgebase – VAT & Tally

VAT has been implemented in the UAE and KSA from January 1st 2018,as mandated by the GCC. 5% VAT will be implemented on the supply of goods and services. It is mandatory for businesses to maintain books of records for a minimum of 5 years henceforth. Read on to get answers to any questions you may have related to VAT.

What is VAT?

Value Added Tax (VAT) is a general consumption tax which will be levied on the majority of transactions of goods and services. It is charged at every point of sale, from manufacturing to sale to an end consumer. The mechanism of input tax deduction ensures that the businesses act as tax agents or tax collectors on behalf of the government by collecting tax from the end consumers, account the collected amounts and pay the tax.

This is achieved by adjusting the tax paid on purchases referred to as ‘Input Tax Credit’ or ‘Input VAT’ with the VAT collected on sales referred to as 'Output VAT.'' If there is any balance liability after adjustment, the same needs to be paid to the government.

Ultimately, the entire tax is paid by the consumer. Refer our article How Does VAT System Work for more information.

Tally.ERP 9 Release 6.3 for Simplified VAT Compliance

Tally.ERP 9 is an accredited, VAT-ready software. It is packed with rich capabilities to help transition your business to VAT with ease, and without disrupting your routine activities.

Tally.ERP 9 is built in close proximity with the day-to-day activities of customers and tax professionals. The product is backed with over 30 years of expertise in building software for VAT in different tax environments.

You can start creating various types of VAT compliant invoices within minutes of installation. Record transactions related to a range of business scenarios such as discounts, freight charges, self-account for reverse charges, input tax credit and advance receipts. You can print VAT compliant tax invoices in Arabic, English or both with Tally.ERP 9.

What if you have entered a wrong TRN no. or typed in a wrong transaction detail? Our VAT software features also include the unique capability to detect errors. It alerts and lets you correct the error by indicating what might be wrong. You can be sure that your business data is VAT compliant, up-to-date and ready for audits anytime.

Before generating your VAT return, you can see a detailed analysis of all transactions and VAT calculations. If you are in the UAE, you can generate your VAT return in XML or MS Excel format and VAT Audit file in ASCII format as prescribed by the FTA. The return gets generated by breaking down the taxable sales transaction Emirate-wise.

Best Accounting Management

Tally adapts to the unique ways of your business whether you want to manage working capital or control inventory. Get a bird's eye view for any topic at any point in time. Drill down to the last detail and view reports before making decisions.

Tally.ERP 9 is a simplified solution that runs the complex parts of your business such as accounting, compliance and processes in the background. Tally is easy to learn and can be implemented with minimum resources.

Complete Solution for VAT Compliance

Tally.ERP 9 is an end-to-end solution that factors in all VAT related statutory changes as and when required. Tally has been an enabler of business compliance for more than a decade now.

Minimize the chances of rejection of your VAT returns. Error detection and correction capabilities are built into the software. You can rely on Tally to file your VAT returns easily, correctly and on time. Starting from creating invoices to filing returns, Tally is your VAT compliance partner.

Banking Transactions

Get rid of incidences of errors and other hassles involved in manual reconciliation with banking transactions. Tally.ERP 9 offers auto bank reconciliation that will help you save time and avoid errors.

You can print cheques of any bank with payment advice for neater presentation of invoices to your suppliers and clients. Keep a track of all issued post-dated cheque activities. Generate cash deposit slips as well.

Business Reports

MIS Reports are reports required by the management to assess the performance of the organization and allow for faster decision-making.

Types of MIS Reports in Tally.ERP 9
  • Accounting Reports: To obtain information on the financial position, operational performance and economic activities of the business.
  • Financial Reports: To determine the financial condition of an organisation as required by shareholders, creditors and government units.
  • Inventory Reports: To manage the Inventory effectively since the actual status of stock items is obtained.
  • Management Control Reports: To utilise budgets, cost centre reports, scenario reports etc. for controlling activities.
Is Tally.ERP 9 Accredited by the Tax Authorities?

Tally.ERP 9 is accredited by the Federal Tax Authority (FTA) of UAE. It is also accredited by the General Authority of Zakat & Tax (GAZT) of KSA.
These accreditation's recognize Tally's commitment to ensuring VAT compliance for customers in the Gulf countries.

What are the VAT related reports that I can generate with Tally.ERP 9?

Tally.ERP 9 is an end-to-end solution that factors in all VAT related mandates as and when required. Some of the VAT related Reports that one can generate using Tally.ERP 9 are:
- VAT Return Form for UAE and KSA (also known as VAT 201 in UAE)
- FAF - Federal Audit File for UAE
- Reverse Charge Report
- Advance Receipt Report
- VAT Paid to Customs Report
- Error Detection and Correction Mechanism to File Accurate VAT Returns

Can I generate invoices in English and Arabic?

You can generate bilingual POS and Tax Invoice With Tally.ERP 9. You can print the invoices in Arabic and English whether you are in the UAE or KSA. The same can be printed in Arabic alone, or with English as well in the invoice.
You can include Inclusive VAT amount as an additional column in the invoice. You can also include additional details in the invoice, such as a description of the item/ledger, part number, bank details and even remarks.

How can I test the product before buying?

You can download Tally.ERP 9 from our website, after finishing the installation you can choose to work in Educational Mode. The Educational Mode allows you to learn and use Tally.ERP 9 without buying a license.
You can work on data on your computer with some restrictions. For example, you will not be able to enter transactions for all days in a month. By submitting your details with us, you can book a product demo where our representative can help you install the product to work in Educational Mode.