Tally is a popular accounting software developed by Tally Solutions Pvt. Ltd. It is widely used for accounting, financial management, inventory management, and taxation purposes. As of my knowledge cutoff in September 2021, here are some of the major versions of Tally:
1. **Tally 4.5**: This was one of the early versions of Tally released in the 1990s. It offered basic accounting features and was primarily used for simple bookkeeping tasks.
2. **Tally 5.4**: Released in the late 1990s, Tally 5.4 introduced several improvements and additional functionalities to cater to the evolving needs of businesses.
3. **Tally 6.3**: This version brought significant enhancements to Tally's capabilities, including support for Value Added Tax (VAT) and various other statutory requirements.
4. **Tally 7.2**: Launched in 2005, Tally 7.2 further expanded Tally's features, making it more robust and user-friendly. It introduced support for multiple currencies and multiple companies.
5. **Tally 8.1**: Released in 2006, Tally 8.1 continued to refine the software and added new features like payroll management and advanced inventory management.
6. **Tally ERP 9**: This is one of the most popular and widely used versions of Tally. It was introduced in 2009 and is a complete ERP (Enterprise Resource Planning) solution that integrates various business functions. Tally ERP 9 includes features like financial accounting, inventory management, payroll, taxation, and more.
7. **TallyPrime**: TallyPrime is the latest version of Tally, introduced in 2020. It is designed with a more modern and intuitive user interface, making it easier for users to navigate and work efficiently. TallyPrime retains all the core functionalities of Tally ERP 9 but offers a more contemporary user experience.
Each version of Tally introduced new features, improvements, and statutory updates to adapt to changing business needs and regulatory requirements. It's worth noting that Tally continues to evolve, and newer versions may have been released after my knowledge cutoff date. For the latest information and features, you can visit the official website of Tally Solutions.
As of my knowledge cutoff in September 2021, Tally.ERP 9 was the latest version available. However, since then, newer versions might have been released. Here are some key differences between various versions of Tally.ERP software up to Tally.ERP 9:
1. **Tally 7.2**:
- Tally 7.2 was one of the early versions of Tally, introduced before the Tally.ERP series.
- It offered basic accounting and inventory management features.
- Limited functionalities compared to later versions.
- No support for GST compliance as it predates the GST era.
2. **Tally.ERP 8** (Not Released):
- Tally.ERP 8 was expected to be the successor of Tally 7.2, but it was not officially released as Tally chose to jump directly to Tally.ERP 9.
3. **Tally.ERP 9**:
- Tally.ERP 9 is a comprehensive business management software introduced by Tally Solutions.
- It supports accounting, finance, inventory, sales, purchase, payroll, and statutory compliance, making it suitable for small to medium-sized businesses.
- GST (Goods and Services Tax) compliance features were introduced in Tally.ERP 9 to help businesses manage GST-related transactions and reporting.
- It offers features like bank reconciliation, budgeting, multi-currency support, multi-company consolidation, and more.
- Tally.ERP 9 supports remote access, allowing users to access data from anywhere using Tally.NET.
4. **TallyPrime (Tally.ERP 9 Release 6)**:
- TallyPrime is an improved version of Tally.ERP 9, with a more modern and user-friendly interface.
- It retains all the functionalities of Tally.ERP 9 but introduces a redesigned UI to enhance the user experience.
- TallyPrime includes various new features and updates to improve efficiency and productivity.
Keep in mind that the software landscape is constantly evolving, and newer versions of Tally might have been released with additional features and enhancements after my knowledge cutoff date. To get the most accurate and up-to-date information about the latest Tally version, I recommend visiting the official Tally Solutions website or contacting their support team.
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