Tally MIS favors Efficient Decision-Making

      Tally ERP 9 is one of the most powerful software in business. The recent Tally accounting software is designed exclusively to meet the requirements of small businesses since it is completely integrated, highly affordable and is fully reliable accounting software. Modern businesses are dynamic, versatile and complex. Management has the need to take quick and timely decisions to thrive in a deeply competitive environment. This calls for the availability of real time information as quickly as possible. The software has the power to generate all needed management information system reports across operations accurately in a short span of time.

       Tally MIS is therefore ideal for simple, quick plus advanced financial MIS and inventory and statutory MIS. The system thrives on simple input and has an easy-to-use interface for better understanding and operations. MIS reports in the software include reports of different kinds. Accounting reports are for getting information on financial position, economic activities and operational performance of every business. Financial reports are to understand an organization's financial status as the information must be made available for Government units, creditors, shareholders and other stakeholders of the firm. 

        Some examples of these reports include receivables and payables, ratio analysis, cash and funds flow and exceptional reports. Inventory reports help to manage inventory effectively because it becomes easier to get actual stock status through Tally. And management control reports that facilitate in utilizing budgets, scenario reports and cost center reports for better control over business activities.

Payables and Receivables in Tally ERP 9

       Customization is a popular feature in Tally ERP 9 that can be applied to MIS activities as well. Customizing the MIS Dash Board will help to capture information on a regular basis within one screen. This facilitates timely decision making for management thereby contributing to quick growth and larger business control. Critical businesses processes therefore are fueled by the availability of right information at the right time. Besides decision making flexibility and speed, changes made to a report automatically reflect on related reports and systems thereby eliminating the troubles of accuracy and precision. Moreover, the Tally Accounting software is a secure tool that shows changes and the individual that has made changes to any report so as to avoid information mishandling.

       MIS reports are one of the numerous advantages offered by the software. Enhanced features and simplicity of operations make the tool a desired and important business need especially for smaller businesses across the world. Tally ERP 9 supports accounting, financial, taxation and inventory requirements and generates appropriate MIS reports for operations ranging from the most simple to the most complex.

- YENNES Infotec

Master Tally Partner, Chennai