Tally a simple user friendly accouting software. Where as
SAP is a full fledged complete ERP the advantage of ERP in
any big industrie is it give access to as many employee as
possible which is limited to thier role.
For Example PO is raised in a production module, but
Invoice is raised in FI/CO module. For an Invoice to be
processed in SAP, there should be a 3 way match, once 3 way
match is done Invoice gets booked and while doing a payment
run, it gets picked in the payment run and the vendor
Tally is a Accounting software which is created for only
accounting purpose But SAP was created for all purpose of
business and Industries.Tally can only run a single module
that is only Accounting sector But SAP can run at a time 78
modules which help to connect each other FOR example
SD -SALES AND DISTRIBUTION
PP-PRODUCTION AND PLANNING
FICO-FINANCE AND CONTROL
SO NOW IN THE RECENT MARKET 78% PEOPLE USE SAP
Well, In the sence of ERP Tally has its own ERP similar to
ERP provided by SAP. The SAP has large number of modules
which works on more than 400 processes which is much larger
than the ERP provided by SAP.
Also the diffrence of cost is there. The cost increses with
SAP as the incresing number of features provided by SAP in
comparison of ERP by Tally.
The ERP by Tally ain't much efficent and customisable than
ERP by SAP.
Tally is meant for small and mid size industry , multiple
location facility is not so good as far as taly is
Tally is mostly considered only for indian statutary
standards and where as currency conversion is a issue
database is not strong enough to work with a big network
frequent data corruption will be seen one way if we see
tally is not at all a erp .
Hi all, can anybody help me with the mutual fund (AMC)accounting. I would like to know the accounting entries for subscriptions (premium/discount), redemptions (premium/discount), fund expenses, buying/selling securities by the fund and other fund management related accounting entries.