Importance of tally in accounts

Answer 1

• It eliminates the use of hardcopy legers, cash book etc.

• It gives access to any account directly by opening a file

• Entries can be deleted, edited redoing the complete account.

• Immediate up to date account such as daily, monthly, quarterly statements.

• Bookkeepers and accounting clerks can easily record operating data from pre-established accounts. They use the software to debit and credit financial accounts, including assets, liabilities, expenses, revenues and equity

It helps financial accounting and reporting professionals to prepare accurate and complete operating reports.

Answer 2

what is the importance of tally