Business Accounting is the process of recording, evaluating, and displaying financial transactions and data. A company’s performance can keep it on track, and we can also record everything from start to finish. If done manually, it is a very complex and time-consuming task.
Accounting software such as QuickBooks and Tally is widely used in Indian business. Both of these pieces of software allow you to concentrate on the evolution and management of your Company because the software efficiently manages the accounting tasks.
Overview of Tally Vs Quickbooks
QuickBooks Online Accounting Software from Intuit is SAAS-based cloud-based accounting software. The QuickBooks Online edition has been configured for India, supporting Indian currency, Indian tax regulations, and automatic synchronization of QuickBooks accounting data with the Company’s bank transaction data. QuickBooks is a product of Intuit, the makers of QuickBooks and Quicken, which small and medium-sized enterprises widely use.
Tally ERP 9 is an accounting programme developed by Tally Solutions Private Limited. Tally ERP is available as software installed on any Windows XP or later computer. Tally is designed specifically for the Indian market, with the Indian business needs and regulatory regime in mind. Tally ERP 9 is the result of two decades of Tally accounting software evolution in India, and it is thus well suited to Indian business requirements. Tally ERP 9 is produced by Tally Solutions, a global accounting software company.
Features of Tally ERP 9
Tally ERP 9 is a complete solution than many of its competitors. This business management software is designed for smaller companies, and it assists business owners to manage accounting, inventory, statutory regulations, compliance, banking, and payroll, to name a few!
Why go with Quickbooks?
Quickbooks’ clear and straightforward dashboard assists you in running your business. You can view all of your expenses, projects, employees, income, and receipts in one place. This visibility enables business owners to predict future bills and expenses better and keep their finances in balance.
A software demo is available online if you want a sneak peek. Quickbooks’ dashboard can be viewed and tested using an example company with existing customers, expenses, and employees. You can play around with its sleek and user-friendly interface to determine whether it’s a good fit for your Company.
Technology
QuickBooks is offered as in a SAAS model through the clouds. Therefore, there is no software to install and the accounting information of the Company can be accessed from any computer with an internet browser. Since the accounting information is stored online, multiple users from multiple locations can work on the same accounting information while staying in sync. Further QuickBooks App is available for iOS and Android – allowing access to QuickBooks from tablets and mobile phone.
Tally ERP 9 is offered as a software. A PC requires a running Windows XP or higher. Tally ERP 9 is work as stand-alone software, and the accounting information is stored on the PC’s hard-drive. Tally ERP 9 does have powerful remote connect capabilities allowing persons not connected with the PC storing the accounting information to work on the same data from a different PC running Tally. Tally ERP 9 presently doesn’t offer any iOS or Android App and is thus accessible only through a PC running Tally ERP 9.
FAQs
What is QuickBooks?
QuickBooks is a cloud-based accounting software developed by Intuit, primarily designed for small and medium-sized businesses. It offers features like invoicing, expense tracking, payroll management, and financial reporting.
What is Tally?
Tally is an on-premise accounting software widely used in India for financial management, including GST compliance, payroll, inventory management, and accounting.