Tally VS Zoho Books: A Comprehensive Comparison

No matter the size of your business, keeping track of your finances is crucial. The two main aspects of any financial system are accounting and bookkeeping. The terms accounting and bookkeeping are familiar to business owners but are often ignored. The reason is the tediousness and time-consuming nature of such processes. But business owners do not realise the fact that ignoring or not paying attention to such routine tasks can hamper their financial system in the long run. Therefore, it is equally essential to pay undivided attention to these processes. However, as business owners, you are juggling multiple tasks, which is why you might miss out on such tasks, or you may not have that efficiency if you lack access to the latest technology. The latest accounting technology includes cloud-based software that facilitates business owners to improve their accounting operations without any significant errors. Zoho Books India and Tally are the two main examples of such accounting software.

Zoho Books India

Zoho Books is a cloud-based accounting software that enables business owners to manage their finances and stay on top of them. The software makes use of automated solutions that helps businesses to streamline their overall financial system. It helps automate crucial processes like accounts payable, accounts receivable, payroll, inventory control, etc. Zoho Books India also has an integrated customer relationship management, inventory, and project management system. In addition, you do not have to perform any installations or downloads to use the software. From basic invoicing to complex inventory management, it helps to manage all of them. Zoho books can be used by any business size, including start-ups that often need assistance with their accounting and bookkeeping tasks. Considering its availability for every business size, Zoho Books is becoming the solution for many accounting issues.

What is Tally?

Tally has been India’s oldest and best-known accounting software for nearly 30 years. It was developed in 1986 and is being used by over 2 million users. Tally is a system designed to manage bookkeeping, accounting, inventory, payroll, and other essential business processes. It works through a technology known as a simultaneous multilingual accelerated technology engine. It means that Tally supports multiple languages, reports can be made in one language, and the same reports can be reviewed in other languages. Tally Prime is the latest version of Tally which replaced Tally ERP 9 on 9th November 2020 as the flagship product of Tally Solutions. Tally has been an on-premise software for a long, but with the emergence of cloud accounting, Tally now offers Tally on cloud. Tally on cloud is a robust enterprise resource planning (ERP) product and has all the features of Tally ERP 9. In addition, it offers advanced features like GST functionality, that enables you to generate GST-compliant invoices, including tax invoices, bills of supply, etc. Also, Tally Prime on cloud offers the facility of multi-tasking in a single instance which was not available in the previous version. Moreover, it offers a new go-to feature that allows users to access their financial information via various reports and freely switch among them.

Zoho Books and Tally are the two most predominant names in accounting and bookkeeping. If you are planning to use any of the software, you may hire an in-house team or outsource your accounting process. Hiring a full-fledged in-house team might add to your costs, but outsourcing won’t. Choosing an outsourced accounting and bookkeeping services provider whose team is proficient in different software can be a cost-effective solution. While both are top-notch accounting software out there, which is the right choice for your business? In this blog, we will provide a rundown of both software and help you decide which one will be right for your business. So, let us get started.

Comparison Between Zoho Books and Tally Prime on Cloud

1. Mobile app- Zoho has a mobile app for Android and iOS phones as well as Windows and Kindle Fire tablets which makes it super easy to use on the go. Contrary to this, Tally Prime on cloud does not have a mobile app yet.
2. Free trial- Both the software offers the option of free-trial to give an idea of how they work. Zoho offers a 14-day free trial, whereas Tally Prime provides a 7-day free trial.
3. Integrations- Zoho Books integrates quite well with various apps. Some of the examples are G Suite, Office365, Zapier, and Google Drive. Contrary to this, Tally Prime does not offer similar options. Though it can be integrated with other software, not as smoothly as Zoho.
4. User base- Zoho primarily targets start-ups, small businesses, and freelancers, whereas Tally Prime mainly focuses on manufacturing businesses.
5. Pricing- Zoho Books offers five types of payment plans suitable for different business needs. Every plan determines the number of users able to access Zoho; you can also add more users by buying the add-ons. The price range starts from $15-$240 per month for annual and ₹749-₹7999 each month for monthly subscriptions. Zoho Books India also has a free plan for businesses with revenue less than ₹ 25 Lakhs per annum. This could be a clincher if the business is less revenue. On the other hand, Tally Prime offers two subscription options named, silver and gold. The silver subscription starts from ₹600 plus GST per month per user, while the gold one is for ₹1800 plus GST per month for multi-user.

Who is the Winner?

In this tech-savvy world, business owners are trying to adopt an accounting solution catering to their business requirements. Undoubtedly, Tally is a more grounded and traditional type of accounting software and helps gain a basic understanding of accounting software. But businesses nowadays need more of an advanced solution that helps them cater to multiple business needs. This is why most business owners migrate towards Zoho accounting software for its modern features, app integrations, and whatnot! With a cloud-based accounting solution like Zoho Books, ensuring seamless accounting and a strong financial system becomes a matter of minutes.

Final Words

To recap, Tally and Zoho Books are two great accounting software that can easily be used to manage your accounts. However, it is important to note that each software provides users with different features and capabilities depending on their business needs. Thus, before choosing either of the two products, assess your current business requirements and consider the security measures taken by each accounting software to make an informed decision. Furthermore, you can reap the maximum benefit out of these software by taking assistance from the experts. We at Whiz Consulting can assist you in the process. Our team of high-skilled professionals provides you with the best accounting and bookkeeping services and helps streamline your financial system. So, contact us to help make tracking your finances easier and keep everything organised in one central place!