THE TIMES OF INDIA

Bangalore, Thursday, November 10,2011

Plan your success: Tally’s Bharat Goenka

Bharat Goenka, founder of Tally Solutions, was conferred Nasscom’s first lifetime achievement award in software products. Nasscom said: “With more than 2 million customers today, Tally is a shining beacon for thousands of product entrepreneurs in India. Goenka is often referred to as the ‘father of the Indian software product industry’, given the fact that he was amongst the first to develop products for the Indian market using just a personal computer more than three decades back. ” Tally grew by over 100% last year to Rs 210 crore, and expects similar growth this year. Goenka spoke exclusively to TOI on Wednesday:
How do you feel about the award?
It’s very overwhelming, especially when you get recognition from your peers and contemporaries. Still don’t know how to react to it. This year has been very special. I turned 50 this August, I’m celebrating my 25th wedding anniversary, Tally is celebrating its 25th year in business, and now this.

What would you advice product startups?
Plan your success. Don’t think about successfully making money, think about making a success. Define that success, and then work backwards. The way you chase your first hundred customers will decide Whether you get to a million or not. Most people lose their way if their first 100 or 1,000 customers give them adequate cash flow, profitability. Once that happens, there is no possibility of getting to a million. In our third year of operations we had 1,000 customers, and at that time my father said, ‘The market consists of those who use Tally and those who will use Tally’. So we took very clear decisions those days, set a clear strategic goal to get to a million customers. We refused to make money through services. If required, we provided free services. We knew that if services money started coming in, our people would stop chasing new customers.

For detail article click here…

The Tally.ERP 9 Technology Platform

Independent Software Vendors (ISVs) bring many strengths to the table – domain expertise, keen understanding of local business customs and processes, working experience on what it takes to cater to these markets across the solution life-cycle, managing commercials and support expectations.

Tally delivers a great platform with Tally.ERP 9 to manage finance & accounting, statutory compliance, audit features, remote access, support systems, product training and a wide partner ecosystem for sales, services and support.

This makes a strong case for partnerships with ISVs which will result in exponential benefits to all three stake holders – the business user, ISVs and the Tally Partner eco-system.

Integrations with Tally.ERP 9 : More here

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This registration page is to be used by customers of pre Tally.ERP 9 and other products only. Tally.ERP 9 customers, please update your Account profile from within Tally.ERP 9 Control Centre.

For registration please click here

SELF LEARNING  program on Tally.ERP 9, in conjunction with the Tally.ERP 9 Reference materials, Tally Blogs and Tally Forums are your TOOL KIT towards Tally Certification.

Self Learning Module Includes :

• Course Material on Tally.ERP 9(Designed by Tally Solutions (P) Ltd)

• Tally Student Subscription (100% Jobs)

• Official Tally.ERP 9 Single User License Version  for one month

(Note : After one month from date of software license activation, license will get expired. If the user wants to extend the rental period rental cost will be 450/- per month)

•  Self Assessment

•  Certification (For Sample Certificate Click here)

•  Tally Reference Manual

•  Tally Blogs

•  Unlimited Jobs

•  Tally Forums

Benefits of Self Learning Mode:

•  Certification

•  Know the product maximum extent

•  Managing time (Learning as per your covenant)

•  Learning on official Tally.ERP 9 latest software

•  Placement

•  Access to Tally learning resources

Registration process for Self Study mode

•  Send DD of Rs. 3600/- in favour of “Tally Academy” payable at Mumbai at following Address:

TallyAcademy,
1st Floor, Shrama Safallya Building,
71-B, N.G. Acharya Marg,
Near Chembur Rly. Stn. Chembur,
Mumbai :400071

For more details click here

In view of the latest statutory requirements and the increasing compliance by businesses falling under the purview of Value Added Tax, various enhancements are being introduced in Tally.ERP 9. These business specific enhancements pertaining to changes in VAT Rates, Forms and Annexures etc. are provided for each State to ensure smooth functioning of day-to-day operations and timely filing of VAT Returns in the physical as well as the electronic modes as per the requirements of the Department.

Upcoming Releases

• Andhra Pradesh -Revised CST Return – Form VI.

• Daman and Diu – Revised Returns with Annexures.

• Bihar – Revised VAT Form RTI.

• Gujarat – 402 & 403 forms.

• Punjab – CST challan

For notification, click here

Great Place To Work – Tally in Top 100

Tally Solutions Private Limited Ranked among Top 100

Tally R&D have been working hard to develop and refine these advanced functionalities/ product capabilities to keep the product up-to-speed with market requirements (read: your business) and also to release them as fast as possible.

For advance notification click here

Upcoming Features :

• Audit Working Papers
• Merge Accounts
• Track Transactions on Holidays & Weekly Offs
• Inter Bank Transfers
• Unadjusted Advances
• Highest & Lowest Value Transactions
• Accounts Squared Off During the Year
• Checklist of Accounting Standard (AS) Compliance
• Checklist of Audit & Assurance Standard (AAS) Compliance
• Percentage Report of Sampled Vouchers

Tally delivers comprehensive hands-on, instructor led TDL training programs across the year, at several centres in India.

These are, typically, a week long, full day programs. Please contact our regional offices for more information on the availability of seats. The next training schedule will be announced soon.

The Basic Program course covers these topics, while the advanced one covers these.

• TDL Training Calendar
• Program Details – Basic TDL
• Program Details – Enhancements in TDL

The software application category has been introduced in the Channel Champions Survey for the first time. Tally emerged as the most preferred channel vendor due to its channel coverage and connect. Microsoft ranked number two on the back of its push in the market for its ERP and CRM offerings. Though SAP was seen as aggressive in the market it has limited market coverage.

Tally

With its enviable position in the accounting software space and the increased focus on its small business ERP offering, Tally emerged as the vendor with the largest channel connect. Despite its large partner ecosystem, Tally was ranked high on channel policies and management. It offers the best margins in the business, conducts regular training programs for channels, and shares a strong relationship with the channel at the local level. Another impressive aspect is that despite such a large partner ecosystem there are no MOP issues with Tally.

For non-profit organisations and NGOs that typically rely on information related to income and expenses, the Receipts and Payments report in Tally.ERP 9 proves ideal. This summary of cash flow for a period includes Cash at Bank & Bank OD. It begins with the opening cash-in-hand at the commencement and ends with the closing cash-in-hand, so non-trading institutions can track their funds and monitor disbursement.

Unlike a cash flow report that does not consider the opening balance of cash, the receipts and payments report includes the cash opening balance.

Benefits :

• Useful for non-trading institutions/non-profit organisations
• Shows exact cash and bank position for a particular period
• Improves management of cash
• Helps control expenditure
• Provides a single view of receipts and payments for cash payments

How to do in Tally ERP 9 Rel 3 :

• Gateway of Tally > Display > Receipts and Payments

For download the pps file click here (more in details)