29/02/2012 : Tally License goes in educational mode

Due to leap year, all over the India whoever using Tally all are facing same error/problem.

Tally licnse goes in education mode, Tally Start screen comes when we start Tally and ask for activation or reactivation.

Solution : Change your system date to 01/03/2012 and then re-activate your Tally license once.
It will work properly in licese mode.

First Ever Life Time Achievement Award Conferred on Bharat Goenka

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

Tally @ NASSCOM Product Conclave – 2011

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

Tally stands tall

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.

Receipts and Payments Reports in Tally ERP 9 Rel 3

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)

Banking in Tally ERP 9 Rel 3

Just what every business needs, the Bank allocation feature brings everyday bank- related chores right to your fingertips and eases transactions and processing.

Highlights of Banking include:

  • Multiple instrument and Mode of Transaction details in single voucher
  • Instrument-wise reconciliation
  • Cash balance
  • Opening BRS
  • Cheque printing configuration with Preview
  • Multiple cheque printing/capture
  • Payment advice printing
  • Deposit slips printing

Benefits :

  • Saves time
  • Reduces errors
  • Simplifies banking
  • Improves productivity
  • Improves traceability

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

Cash Flow Projection Statement

With Cash Flow statement at work, the owners and managers of the business find it easier to take decisions on Bank loans, negotiate credit limits, plan for capital investments and much more. Using Cash Flow statements is one simple method of ensuring the financial health of the business.

Highlights of the Cash Flow statement include:

  • Ageing of payments
  • Ageing of receipts
  • Cash balance
  • Committed payments
  • Day-wise cash position
  • Exception reports
  • Interest calculation on over-dues

Benefits :

  • Predicting cash flow
  • Financial planning/forecasting
  • Financial health of business
  • Show cash position to Financial Institutions
  • Capital investment requirements/judgement
  • Setting credit limits for parties
  • Bank loans
  • Optimising cost of finance

How to do in Tally ERP 9 Rel 3 :

  • Gateway of Tally > Display > Cash/Funds Flow > Cash Flow Projection

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