Tally is computer software which is widely used for accounting purpose mostly by small and medium business. However, there are even other features of tally but it is popularly known as accounting software. After the release of Tally ERP version, this software is not just an accounting software. The ERP (Enterprise Resource Planning) version fully transformed the definition of Tally software. Now, this software is used for Accounting, Payroll, Billing, Sales and Profit Analysis, Auditing Banking Inventory, Taxation such as VAT, TDS, and TCS.