What is Tally | Fullform And Version of Tally

What is Tally And Tally Fullform

Tally is an accounting software developed by Tally Solutions Limited Company (Tally Solution Pvt.) which is used to conduct financial transactions of any company, trust or financial transaction organization from computer. Record keeping is done so that the business can know about the financial position of the business.

Tally definition: Tally means financial transaction i.e. calculation of finance / money / money, keeping records of transactions by calculating, so that we can get a result and have knowledge of our financial condition.

Tally is a fully computerized accounting software so that we can easily do more work in less time, you would know that earlier people used to work in manual way i.e. in books/books, which took a lot of time to work and it It was very difficult to keep safe for a long time.

Then people realized the need of Tally and completed it by Tally Solution Pvt. Enterprise resource planning software is developed by them.

Tally History

Parent of tally	Shyam Sundar Goenka, Bharat Goenka
Tally manufacturing year	1986
Company name	Tally Solution Private Limited Company (Tally Solution Pvt.)
Tagline	Tally Power of Simplicity
Head Office (Head Quarter)	Bengaluru, Karnataka , India
Products / Software version	TallyPrime, Tally.ERP 9, Tally.Server 9, Tally.Developer 9 and Shoper 9
Tally fullform	Total Accounting Leading List Year Transactions Allowed in a Linear Line Yard

Tally Solution Company was earlier known as Peutronics. Which was developed together in 1986 by Shri Shyam Sundar Goenka and his son Shri Bharat Goenka. At that time Shyam Sundar Goenka used to run a company, he used to supply raw material and machine parts to other plants and textile mills. Therefore, to manage this business, he did not have any software so that he could easily do his calculations.

To overcome this problem, Shri Shyam Sundar Goenka asked his son to make such a software so that we can manage our business easily. Bharat Goenka, who was a graduate in Mathematics, launched the first version for the accounting application in the form of MS-DOS application. It had only basic accounting functions. Whose name was named Peutronics Financial Accountant.

Important Fact

Year	Important Fact
1988	Peutronics Financial Accountant was renamed as Tally.
1999	This company changed the name of the company to Tally Solutions.
2001	The company launched Tally 6.3 this year, in addition to accounting, educational version software was also launched in this version.
2005	Tally was launched in the market with a better design, in which the main feature was Value Added Taxation (VAT). Which was very useful for Indian customers. This was Tally 7.2 version.
2006	The company had launched different versions of this 2006 Tally in the market, one of which was Tally 8.1 and the other was Tally 9. It brought this version to the market in different languages ​​/ languages ​​of Tally.
2009	The company launched Tally ERP 9 enterprise resource planning software which created a user friendly environment which made accounting work easily In this we can be worked in GST.
2016	Tally Solutions was chosen to provide GST facility as an interface between GST Server and Tax Payers and in 2017 the company launched a completely updated GST Compliance Software.
2020	This year Tally Solution Private Limited Company TallyPrime has been launched which is very advance accounting software.

Tally Full form – Transactions Allowed in a Linear Line Yard
T – Transactions
A – Allowed
L – Linear
L – Line
Y – Yard

• Total Accounting Leading List Year
• Transactions Allowed in a Linear Line Yard

Tally has no full form because tally means tally.

What are the different versions of Tally

Variants of Tally – What is Tally

The different versions or versions of Tally are as follows –

1- Tally 3.0 (1990) – – What is Tally

Tally 3.0 is the first version of Tally which has been used for the basic accounting needs of small businesses. But, the software requires external and special commands to run. And, it supports only Microsoft DOS.

2- Tally 3.12 (1991) – What is Tally
3- Tally 4 (1992) –
4- Tally 4.5 (1994)
5- Tally 5.4 (1996)
6- Tally 6.3 (2001)
7- Tally 7.2 (2005)
8- Tally 8.1 (2006)
9- Tally 9 (2006)
10- Tally ERP 9 (2009)

Tally ERP 9 is the latest version of tally since 2009. It has many business organizations. It has advanced features including GST calculation, invoicing and payroll processing, remote access, multi-user login and transaction processes. Nowadays, businessmen want a complete business solution software like Tally.

11- Tally Prime (2020) – What is Tally

This is the latest version of Tally in which advance has been made from tally erp 9, in which we have prepared QR Code, E-invoice, E-Way Bill, Multi Printing, Bank Cancellation update, Oman VAT, e-payment as well as user friendly interface. For more information visit the link below.

Benefits of learning Tally

How to use Tally ? How to use Tally

Tally is nothing but accounting in digital format. Maintaining accounts in manual books, we write accounting entries in the form of debits and credits.
In Tally, we create entries in the same way.

Transactions
⇓
Ledger Creation
⇓
Stock Management
⇓
Voucher Entry
⇓
Reprot

How can we learn tally

Friends, if you want to learn Tally, then first you have to know about general accounting or commerce because different types of words are used in accounting like Goods, Purchase, Sales, Debit, Credit, Expense Assets etc. Take skill knowledge according to which you can easily have knowledge of tally.

Friends, if you like this information, then definitely tell by commenting below, if you have any suggestion, if you have any question, then please comment and you can also share it on your WhatsApp group Facebook and other social media platforms.

• How To Enter Credit Note In Tally

• How To Enter Debit Note In Tally

• How To Journal Entries For Tally Practice

• What is Tally full form | Tally Full Course

• How To Entry Of Payment In Tally

• What Is Provision | Tally ERP 9 & Tally Prime

• How To Do Bank Reconciliation In Tally

• How To Use Payroll Example In Tally Prime

• How To Backup | Restore In Tally Step By Step

• How To Create Balance Sheet, P&L Account