Recently several Accountants asked me why TALLY is the preferred software used by most entrepreneurs. The one answer that came to my mind was that TALLY has stood the test of times & worked with MSME to provide the reliability. It corrected itself to provide value additions. Started working with Professionals and last but not least it ensured more Accountants.
It is not that TALLY cannot be replaced. I am seeing a lot of advanced software which speaks of Next Gen accounting. However, our MSMEs typically depend on manpower for accounting. Unless other software promises trained manpower combined with the flexibility of working with Indian MSME, Tally will continue to be the go-to software for accounting & opportunities will continue. However, let us not get stagnated, we need to climb ladders. You are an accountant and hence you can work on any software. We believe in the principle – Accounting is a Subject, Tally is only a tool.