Technology

Tally systems are constantly updating and upgrading themselves to stay relevant and useful with the changing business scenarios. Continuous additions of new features as well as 100% statutory compliance of Tally has made it one of the most widely used software for accounting in India. In TallyPrime’s latest version i.e. TallyPrime 2.1, the software has once again kept itself at par with all statutory requirements of businesses. Two of the newly introduced features include - the Edit Log (also referred to as the Audit trail) and Digital Signature. Both the features will ensure that the data integrity and maximum data accuracy are maintained. The major product improvements in TallyPrime 2.1 will make the user journey more seamless. In this article, [...]

Audit Trails help maintain the integrity of a transaction by documenting all business transactions. It helps ensure businesses practice fair transactions throughout the financial year and beyond. In TallyPrime, there is an in-built feature for Tally Audit. This feature makes it easy for auditors to track changes made to the ledger master, date and amounts recorded in the voucher. In short, the audit trail in TallyPrime makes the financial evaluation process much more seamless and effective. A. What is an Audit Trail? An audit trail is a collection of records documenting every step in a business transaction, including invoices issued for payments or sales contracts revenue. It helps business owners determine and evaluate financial performances, find out bottlenecks (if any), [...]

TallyPrime has made data synchronisation between multiple branch offices and the head office easy. The process of tally data synchronisation includes replicating or consolidating tally data between two or more locations i.e. from the head office to the branches, warehouses or factories. This makes it easy for the branch offices to send data to the head office and vice versa. The entire process of sharing data is done over the Internet or a private network irrespective of the usage of data, based on the type of work done at each location. The frequency of updating data at various locations also differs and largely depends on the volume of data generated at each location or the availability/urgency of having the latest [...]