Tally Essential and Tally Professional

Tally is a popular accounting software used by businesses for financial management and accounting.

Here’s a General Overview of Tally Essential and Tally Professional

Tally Essentials:

Tally Essentials typically refer to the basic features and functionalities of Tally ERP 9, which is designed to handle core accounting and financial management tasks. Some key features include:

1. Bookkeeping: Tally helps with basic bookkeeping tasks such as recording financial transactions, maintaining ledgers, and managing accounts payable and receivable.
2. Financial Statements: Users can generate essential financial statements such as profit and loss statements and balance sheets.
3. GST Compliance: Tally ERP 9, as of my last knowledge update, supports Goods and Services Tax (GST) compliance, which is essential for businesses in countries where GST is applicable.
4. Inventory Management: Basic inventory management features for tracking stock levels and managing inventory transactions.

Tally Professional:

Tally Professional or Tally ERP 9 with additional features often includes more advanced functionalities beyond the essentials. Some features might include:

1. Advanced Financial Reporting: Professional versions may offer more sophisticated financial reporting tools and analysis.
2. Payroll Processing: Tally Professional may include advanced payroll processing features for managing employee salaries, deductions, and compliance.
3. Multi-Currency Support: Professional versions may have features to handle transactions in multiple currencies, which can be important for businesses involved in international trade.
4. Budgeting and Forecasting: Some professional versions may include tools for budgeting and forecasting, allowing businesses to plan and analyze their financial future.

To get specific details about the features included in Tally Essentials and Tally Professional, it’s advisable to check the official Computer Technology & Research (Tally Academy) website or contact Computer Technology & Research directly. They provide detailed information about their product offerings, and they may have introduced new features or versions since my last update.

Always ensure that you are using the latest version of the software to access the most up-to-date features and compliance functionalities. If you have specific questions about Tally versions or features, contacting Computer Technology & Research (Tally Academy) or checking their official documentation would be the best course of action.

We at Computer Technology & Research (Tally Academy) have various professionals and certified programs in Tally. Good faculty and staff, live projects, and good lab facility for students. After course completion, we help students with the placement as well.