Question

tally.ERP as an accounting software package was exclusively devised to automate and integrate all the operations, such as sales, finace, purchasing, inventory, and manufacturing for many small and medium sized enterprises. With tally. ERP 9, accurate, up to date business information is literally at your fingertips anywhere in the world.

required:

with practical examples using a service company as a case study, explain the functionalities that has enabel Tally.ERP 9 to make introads into the Ghanaian accouting software packages market.

Answer 1

Tally ERP9 is used to manage inventory, accounting and compliance functions of small and medium enterprises. Tally software allows the multiple user logins.

Functionalities that has enabled Tally ERP9 to make inroads into the Ghanaian accounting software market.

Now a days Businesess are growing rapidly so there is also growing needs of business, considering this needs Tally require new functionalities to be added in to software following are some functionalities,

• Based on changing need new feature of batch no.of inventory enable tally ERP9.
• Tally ERP 9 should be migrated to cloud computing that will helps to users of Tally to take online updation and other services.
• With the help of cloud computing companies using tally can access data from any location.
• It should be secured , anyone can enter in tally program easily, therefore it should be highly secured.
• It should be combined with other technique like Microsoft excel.
• It should give real-time picture of business, means software should takes into account only current dated vouchers.
• Tally ERP 9 should functionalised to accept sales order and make requisition for purchase order.
• Tally should be programmed to create salary slip of employees
• Daily reports, mis reports able to generate by Tally ERP9.

If we take example of Healthcare industry ie. Hospitals, clinic's, doctors.

1.Tally ERP should be programmed to manage database of patients.

2. Enable easy management of financial data.

3. Services provided to patients and health related inventory supplied to patient, tally software should provide all real-time information.

4. It should be easy to use and flexible.

5. Access control mechanism is feature that should be functionalised by Tally.

6. Tally software should maintain the log of inputs.

7. Tally should provide data integrity ability that enables flow of information among various application without duplication.

Considering needs of business of service industry tally functionalities required to be added in software. With a object to make inroads into Ghanaian accounting software package market, above mentioned functions should be enabled in to Tally ERP9.