Ans. Tally is accounting software that is used to record day to day transactions, preparing balance sheet etc. it is user friendly business software, which makes business account easy and faster. Managing single and multiple groups is very important feature of tally. Tally is an application software. It down not require writing any special program for calculating. Tally stores all information about each account in detail. It is very secured against data tempering. It reduces the work. In manual process, after entering daily transaction user has to create trading account, trial balance, profit & loss account, ledger, balance sheet. But in Tally, user just enters daily entry and get balance sheet.