Tally Accounting Software
By William Allen
Tally 9.0 has been dubbed the most advanced accounting software on the planet. Tally accounting software is highly adaptable and is loaded with features that are designed to benefit organizations of different sizes. The latest version of Tally accounting software comes equipped with the following features:
Data Protection
Tally accounting software is designed to protect financial data irrespective of the scenario. Unlike other accounting software, Tally accounting software makes sure all data is protected and backed up automatically. In the rare case of a power outage, Tally automatically protects data and the system database from corruption.
Faster data access
Tally accounting software now uses a new indexing and storage technique that allows faster access to financial data. Tally uses a flexi-field, flexi-length, self indexed weighted file structure for an extremely compact and fast database.
Increased data security
Tally accounting software has an inbuilt data protection system that constantly monitors all data changes and no data change external or internal can go unnoticed. Users can also access the Tally database externally through a secure ODBC connection and this feature is especially useful for companies that have outsourced their accounts or have a central financial server.
The Tally Audit feature
Tally accounting software comes equipped with a unique feature called Tally Audit. As the name suggests, Tally Audit allows users with administrator rights to audit the entries of other users. In essence, the auditor can actively monitor sub-ordinates and keep close tabs on the accounting procedures of a company. Once again, organizations with offices in different locations can easily keep tabs on all entries and changes using the Tally Audit feature.
User level security
To keep in tune with the ‘networked’ image of Tally accounting software, Tally accounting software allows administrators to create users with different access rights. For example, a junior accountant might not need access to all financial records and an administrator can choose exactly which user has access to which financial database. Although user level security is not a new concept, but Tally accounting software has taken user level security to a new level, as the Tally Gold edition allows unlimited number of users to access Tally from different machines.
Multi-platform support
Tally can work on almost every imaginable network topology. Tally accounting software is designed to work with NT, Novell, Peer-Peer N/W etc). The only requirement is that the network protocol should be TCP/IP. In addition, Tally supports a large variety of operating systems like Windows 98, Windows NT, Windows 2000 and Windows XP.
Rapid Installation
Since Tally accounting software is designed to be installed on a networked environment, it has a simple installation procedure. In addition, Tally is easily customizable and users find it very simple to customize Tally accounting software after installation.
Easy backup
Tally allows backing up of user databases at the click of a button. Users can choose to backup data on the hard drive or can use an external storage device. Interestingly, only users with adequate permissions can actually backup data on removable storage devices.
The split company feature and updates
Tally allows users to split data from one financial year or time period to create a separate company. For example, a user can choose to split the financial data from a particular time period and form a new company using the same data. The closing balance of the time period specified acts as the opening balance for the time period that follows. The multi-directory feature is another network centric feature of the Tally accounting software, and administrators can choose to create separate directories for different companies thereby ensuring greater security. All versions of Tally accounting software after version 6.3 are capable of updating themselves, and users can also access Tally’s internet repository for information on new features and updates.
For more information on Tally accounting software visit tally-accounting-software-information.blogspot.com

William Allen is the author of this article on Accounting Software Tally. Find more information about Tally Accounting Softwarehere.