When you hear accounting software, the first company that comes to your mind is probably Tally. It is one of the most renowned and oldest software companies that has helped multiple businesses over the years with their accounting needs. Maintaining multiple books to record various aspects of business is tedious, confusing, and dreary. But with the evolution of tally and its capabilities, now you can record transactions, create invoices, vouchers, bills, and more with a single unified software.
But that’s not it. Now, all of your crucial tally data is now available at your fingertips with the Tally Mobile app aka BFM. BFM lets you access all your tally data on mobile so that you can keep an eye on your business. But before moving to BFM, take note of how Tally can benefit your business and help you streamline your finances better.
Let’s understand the uses of Tally and how it is helping businesses across the country.
The Tally software comes with several accounting vouchers.. For those who aren’t aware, a voucher in accounting terms is a document that includes the details of a business transaction. The voucher is used for specific purposes to enable users to feed diverse transactions easily. This makes recording transactions quicker. Thus, helping business owners get complete information about each transaction. You can also get quick access to all these transaction vouchers on your mobile with the Tally mobile app aka BFM by integrating all your tally data on the BFM app.
Calculating interest manually can be a time-consuming task. That’s why Tally software has automated interest calculation. Moreover, it enables users to calculate interest using different methods that can be customized for every transaction. Once the interests are calculated, you can get a detailed report of the interests you ought to receive. Additionally, you can also receive the interest calculation report on your mobile with the BFM tally mobile app.
Integration Of Ledgers
Multiple ledgers are created to ease managing accounts. However, which only leads to confusion in the end. Tally software helps business owners to integrate multiple ledgers including general, purchases, and sales into a single ledger. But with Tally, you can integrate all different ledgers into one unified ledger that helps in feeding data and records simultaneously.
Tracking Of Bills
With Tally, it is now easy to keep track of trading and non-trading accounts. Business owners can easily track new bills, receipts, payments, adjustments made against payments, and more. Moreover, the Tally mobile app, also known as BFM, allows you to receive all these notifications on your mobile device.
Audit and Budgeting
Tally comes with superb auditing features that enable its users to create budgets, make changes, and track changes simultaneously. Also, with the use of exceptional security levels, users can gain robust access control. Thus, Tally, makes budgeting easy while the tally mobile app makes it easily accessible.
One of the most important aspects of a business is receivables and payables. With this information, business owners can plan their finances. The Tally software enables its users to keep an eye on all the billing information including invoices, payments, and overdue. This data helps business owners to figure out their punctual customers based on the billing information. Consequently, helping business owners to plan cash flow more efficiently than ever.
Every feature in Tally has its own benefit for business and business owners. It simplifies accounting and finances to help entrepreneurs make informed decisions and run their businesses successfully. With a Tally mobile app like BFM, you can always stay in contact with your company’s finances.
BFM integrates all Tally information into your mobile so that you can make quick and informed decisions. Every business owner knows the importance of taking decisions and their effect on their business. So why delay and take risks when you can make better and quick decisions with BFM.