Tally is a software for accounting and inventory management, which is used for performing many functions like

• Performing all basic accounting functions
• Estimating job costing
• Storing details and managing inventory items
• Managing payroll
• Filing tax return, managing profit, and loss statement, preparing a balance sheet, trial balance, cash-flow report, etc.
• Maintaining budget scenarios
• Calculating interest on the outstanding amount
• Managing data over different locations and synchronies it