In addition to that, it also allows you to easily flip between organizations' books and make a fast comparison between two or more organizations irrespective of business nature. Multi-company support: With TallyPrime, you can manage different organizations and effectively handle their intricacies. Online business reports: TallyPrime allows you to access your business information anytime, from anywhere on mobile or any gadget. Sales and purchase management: Being adaptable software, TallyPrime is devised in a way to suit different purchase and sales processes followed by the organizations. Any changes in forex charges are also auto-calculated by the software. Multi-currency support: TallyPrime allows you to record invoices, quotations, orders, accept payments and receive bills in multiple currencies according to your choice. Stock summary with profitability analysis You can get to know the slow/fast moving stock, high/low-profit yielding products, trends etc that help you manage your inventories better. What’s more? It’s so flexible that you organise your stock the way it suits you and it adapts to your way of managing business. Inventory management: An adaptable inventory management software, TallyPrime empowers organizations to deal with the optimum level of inventories. Its prevention, detection, and correction innovation guarantee your books and returns are exact all the time. ![]() The best part is that you can personalise the reports the way you want and the way it works for you.Ĭomplete VAT solution: TallyPrime is a one-stop answer for all your VAT needs, from recording tax invoices to filing accurate VAT returns. These reports are devised to help you analyze reports so that you can dissect the data in reports and make different perspectives to better comprehend the reports. Insightful accounting and financial reports: TallyPrime comes with a varied range of reports with various perspectives and actionable insights to assist you in decision-making. TallyPrime provides insightful reports along with powerful tools such as ageing analysis, multiple bill settlement, credit control utilities etc., thus providing you with an efficient way of managing receivables and payables. Pre-defined chart of accounts: Being an adaptable software, TallyPrime comes loaded with a pre-defined chart of accounts that allows businesses to create and map their accounts the way they want.Īccounts receivable and payable management: Keep track of all your pending bills - both receivables & payables in an automated manner. Being completely adaptable software, it allows businesses to easily incorporate information on the invoice, add logo, choose invoice formats according to your business nature, and much more. ![]() Invoicing and billing: With TallyPrime, creating and printing invoices is a matter of a couple of seconds. Record and bookkeeping: Being an extensive accounting software, TallyPrime makes recording transactions and bookkeeping a simple process. Features of TallyPrime as a bookkeeping software Think of it as an intelligent electronic ledger that automates bookkeeping or accounting that can handle tasks like billing, payroll, accounts payable, tax filing, and financial reporting. How to Choose the Right Type of Accounting Software for your Businessĥ Things You Can Do Using Save View Option in TallyPrimeīookkeeping software, also known as accounting software, is devised to record and process a company's financial transactions. The solution is bookkeeping software.Īs a business owner, you must have questions about what is a bookkeeping software? How can it help grow your business? What are the features you should look for while selecting a bookkeeping software in Kenya? To answer that, here's a detailed article that can help small and mid-sized businesses operating in Kenya opt for bookkeeping software: Thus, entrepreneurs must think beyond traditional spreadsheet accounting to adapt to complex financial data. A solid and scalable accounting practice allows companies to stay on top of their finances, thereby helping them to make better decision-making. ![]() Maintaining accounts in a traditional spreadsheet becomes more complicated and time-consuming as your financial data keeps expanding. Among all the above-stated functions, maintaining accounts is crucial in ensuring that your business runs efficiently. And, as your business starts growing, you will realize that these aspects become more complex. ![]() Running a venture often implies dawning different hats – from seamless operations to ensuring timely and error-free invoicing to maintaining accounts - to keep your business up and running.
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