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 has. Now along with the introduction of GST (Goods and Services Tax) in India, Tally will be used by more people than before. The reason for this is for most of the general public, Tally is a go to software for accounting and that is because of the simpl icity of the Tally in itself. After the release of ERP version of Tally, the capability and functioning of Tally is much more widened and extended to a great extent.