Welcome to Tally Solutions

Small Business Accounting Software

The dream of every businessman is to run the business profitably. If the business is not making money then it becomes difficult to grow. It means it either needs a complete revamp with a small business accounting software or improve the bookkeeping services or an advice from a professional like the chartered accountants. The business may not perform to its optimum capacity because of various reasons which only experts like chartered accountants can identify for you. We here at Tally can help you to manage your business properly and professionally.

Today’s world is converging towards SPECIALISATION. If you like SELLING, you focus in selling and do your BEST. Let TALLY manage the REST by focusing on FIVE FACTS.

Every business, small or large has got FIVE important components commonly called as F.A.C.T.S -

• Finances and Cash flows
• Accounts and Budgets
• Costings and Margins
• Taxes and Returns
• Systems and Automation

Finances are the backbone of every enterprise. A company may not be in the money if it is either over capitalized or under capitalized. It may have poor Cash flows. As a result company will have to pump in more money to take care of it’s working capital and capital employed. The return on capital may deteriorate on one side and the non performing assets increase on the other side.

Periodic Accounts gives information on the performance of the business by reporting the statement of financial performance and statement of financial position commonly called as Profit and loss account and Balance sheet respectively. There are many other reporting tools offered by business accounting software which gives transparency on the performance of the business. Monthly management accounts, compared with last year numbers, the Budget numbers, industry comparisons, rolling forecasts etc. are some of measure which if developed and reported in time can save the businesses. Many of our clients including chartered accountants in Auckland have benefitted from our business accounting software & the bookkeeping services offered.

Costings are most neglected sub area of accounting which is generally given least importance specially by the small and medium businesses. The main difference between Costing and Accounting is that Costing is done before the product is sold and Accounting is done after the product is sold. There is no point analyzing the gross Margin or contribution once the product is sold rather the systematic approach would be to do the costing first and then price the product accordingly. Capacity utilization technique helps the businesses to allocate or apportion their fixed costs on the product properly to keep the prices competitive. If the product is priced appropriately, it will have the anticipated demand and the business would be able to sell the budgeted quantity at the budgeted price. The more a business, the less would be the cost per unit to produce. Reporting techniques on products, territories, product categories, sales persons, gross margin by product etc help the management to get transparency on their products which in turn can help them to make more informed decisions. The techniques like marginal costing, standard costing, process costing and job order or batch costing are there to help the businesses run profitably.

Tax commensurate with the size and profit of the business is another dream of every business enterprise. If the business has complete visibility on the taxes which forms part of their cost and which do not form part of their cost, it will help them to build the cost component in pricing the product.Statutory compliance by filing the Returns in time, paying taxes in time is another area by which an accounting professional can help the businesses. We at Tally, Auckland work as business partners to achieve the vision of every enterprise we get associated with.

Last but not the least is the Systems.If the systems and Processes are designed properly, it can save big dollars thereby contributing to the bottom line of the enterprise. Use of the right software is another area which generally business are either ignorant about or do not give enough importance. We at Tally promote the use of world simple, affordable and reliable ERP (enterprise resource planning) software which will help the businesses to get visibility on almost real time basis. We also carry out customization jobs to automate systems and process and design the required reports by using the right software, interfaces and reporting tools and templates.