Tally is popularly known as an accounting software for small and medium businesses. It does all the functions of accounting that a particularly mid sized business . This is the view of most of the persons who know about Tally. But Tally does much more than that. Tally is not just an accounting software. After the release of ERP version of Tally, the capability and functioning of Tally is much more widened and extended to a great extent. Tally is a complete Enterprise Resource Planning system with a excellent grip in accounting features. Although it has many more core features that a business requires but its hold in accounting is truly commendable. Therefore it is known more for accounting rather than any other of its features.