Tally Solutions - Wikipedia Tally Solutions Tally Solutions Pvt Ltd. Type Private Industry ERP Software Founded Founder Shyam Sunder Goenka Bharat Goenka Headquarters Bangalore, Karnataka, India Products Tally. ERP9, Tally. Server9, Tally. Developer9 and Shoper9 Number of employees 700 ( 2017 ) Website www.tallysolutions.com Tally Solutions Pvt. Ltd., is an Indian multinational company that provides enterprise resource planning software. It is headquartered in Bangalore, Karnataka India. The company reports that its software is used by more than 1 Million customers. Contents 1 History 2 Tally. ERP 3 References 4 External links History Tally Solutions, then known as Peutronics, was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat Goenka. Shyam Sundar Goenka was running a company that supplied raw materials and machine parts to plants and textile mills in southern and eastern India. Unable to find software that could manage his books of accounts, he asked his son, Bharat Goenka, 23, a Maths graduate to create a software application that would handle financial accounts for his business. The first version of the accounting software was launched as an MS - DOS application. It had only basic accounting functions, and was named Peutronics Financial Accountant. In 1988, the product was renamed as Tally. In 1997, the first Windows based version Tally 5.4 was released. In 1999, the company formally changed its name to Tally Solutions. in 2001, Tally 6.3 launched ( Educational / Licence version ) In 2005, Tally 7.2 was launched with features designed to meet Indian value - added taxation ( VAT ) requirements. In 2006, Tally launched Tally 8.1, a concurrent multi-lingual version, and also Tally 9. In 2009, the company released Tally. ERP 9, a business management solution In 2015, the company launched a program called Vriddhi to certify and classify its business partners. Also in 2015, Tally Solutions announced the launch of Tally. ERP 9 Release 5.0 with taxation and compliance features. As of 2016, the company had 1 million customers. In 2016, Tally Solutions was shortlisted as a GST Suvidha Provider to provide interface between the new Goods and Services Tax ( GST ) server and taxpayers, and in 2017, the company launched its updated GST compliance software. Tally ERP Tally main product is its enterprise resource planning software called Tally. ERP 9 with single and multi-user licences. For large organisations with many branches, Tally. Server 9 is offered. The software handles accounting, inventory management, tax management, payroll etc. References Jump up ^ `` Tally Solutions clocks 1 Million Customers Globally ''. indiatimes.com. 2016 - 05 - 04. Retrieved 2016 - 07 - 04. Jump up ^ `` Bharat Goenka ( Tally Solutions ) talks to us about the company 's ' stubborn ' decision to stay focussed on products ''. ispirit.in. 2013 - 01 - 08. Retrieved 2016 - 07 - 04. Jump up ^ `` Executive Profile : Bharat Goenka ''. bloomberg.com. Retrieved 2016 - 07 - 04. ^ Jump up to : `` Tally Solutions : a calculated move ''. indiatimes.com. 2005 - 02 - 28. Retrieved 2016 - 07 - 04. Jump up ^ `` Bharat Goenka discusses his dream of building Tally into a $1 bn company by 2015 ''. indiatimes.com. 2011 - 07 - 22. Retrieved 2016 - 07 - 04. Jump up ^ `` Brief history about Tally. ERP 9 and its versions since Tally 3.0 ''. accountsguy.net. 2014 - 10 - 15. Retrieved 2016 - 07 - 04. Jump up ^ `` Tally Launches Multilingual Accounting Software ''. CXOtoday.com. 2006 - 01 - 15. Retrieved 2016 - 07 - 04. ^ Jump up to : `` Tally launches Tally. ERP 9 ''. thehindubusinessline.com. 2014 - 02 - 18. Retrieved 2016 - 07 - 04. Jump up ^ `` Tally Solutions launched new channel partner programme ''. indiatimes.com. 2015 - 03 - 09. Retrieved 2016 - 07 - 04. Jump up ^ `` Tally Solutions Set to Transform Business Taxation ''. ChannelWorld India. Retrieved 2017 - 06 - 29. Jump up ^ `` Tally Solutions clocks 1 Million Customers Globally - Times of India ''. The Times of India. Retrieved 2017 - 06 - 29. Jump up ^ Tyagi, Chhavi ( 2017 - 06 - 22 ). `` Tally Solutions launches GST compliance software ''. The Economic Times. Retrieved 2017 - 06 - 29. Jump up ^ PTI ( 2016 - 12 - 09 ). `` TCS, Deloitte, EY among 34 cos shortlisted for providing GST interface ''. The Hindu Business Line. Retrieved 2017 - 06 - 29. External links Live Mint `` Business Strategy : A Case of Tally Solutions Pvt. Ltd. ''. CMRD Journal of Management Research. pp. 56 -- 59. Business Standard Business Standard The Hindu Business India. pp. 24 --. ( subscription required ) ERP software List of ERP software packages Open - source Adaxa Suite Adempiere Apache OFBiz Compiere Dolibarr Epesi ERP5 ERPNext GNU Enterprise HeliumV iDempiere inoERP IntarS Kuali LedgerSMB metasfresh Odoo Openbravo ERP Postbooks Tryton Commercial Acumatica Eclipse ERP FinancialForce.com JD Edwards Enterprise One Microsoft Dynamics 365 NetSuite Oracle ERP Cloud Oracle Applications Sage 300 SAP ERP Tally Solutions Traverse Unit4 Business World Retrieved from `` https://en.wikipedia.org/w/index.php?title=Tally_Solutions&oldid=829448357 '' Categories : Software companies of India ERP software companies Hidden categories : Use dmy dates from April 2017 Use Indian English from September 2016 All Wikipedia articles written in Indian English Pages containing links to subscription - only content Talk Contents About Wikipedia मराठी தமிழ் Edit links This page was last edited on 8 March 2018, at 18 : 22. About Wikipedia

Question: what is the use of tally software in accounting
Answer: tax management