Tally.ERP 9 - Part 66 Video Lecture | Tally ERP 9: Complete Training - Software Development

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FAQs on Tally.ERP 9 - Part 66 Video Lecture - Tally ERP 9: Complete Training - Software Development

1. What is Tally.ERP 9?
Ans. Tally.ERP 9 is a popular accounting software that helps businesses manage their financial transactions, inventory, and other business operations. It provides features like sales management, purchase management, inventory management, payroll management, and more.
2. How can Tally.ERP 9 help in managing IT and software businesses?
Ans. Tally.ERP 9 is specifically designed to cater to the needs of IT and software businesses. It offers features like project costing, job costing, budgeting, and profitability analysis, which are essential for managing IT projects and software development. Additionally, it provides comprehensive inventory management, sales and purchase order processing, and financial management tools to streamline business operations.
3. Can Tally.ERP 9 generate financial reports for IT and software businesses?
Ans. Yes, Tally.ERP 9 can generate various financial reports for IT and software businesses. It can generate profit and loss statements, balance sheets, cash flow statements, and other financial reports to give a clear picture of the company's financial health. These reports can be customized as per the specific requirements of the business.
4. Does Tally.ERP 9 support GST (Goods and Services Tax) compliance for IT and software businesses?
Ans. Yes, Tally.ERP 9 supports GST compliance for IT and software businesses. It provides tools to manage GST invoicing, filing of GST returns, and generating GST reports. It automatically calculates the GST amount based on the applicable tax rates and helps businesses stay compliant with the GST regulations.
5. Can Tally.ERP 9 be integrated with other software used in IT and software businesses?
Ans. Yes, Tally.ERP 9 can be easily integrated with other software used in IT and software businesses. It offers API (Application Programming Interface) integration, which allows seamless data exchange between Tally and other software applications. This integration enables businesses to automate processes, reduce manual data entry, and improve overall efficiency.
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