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The Daily Insight Hub

Who is the founder of Tally?

Author

William Jenkins

Updated on January 05, 2026

Shyam Sunder Goenka
Tally Solutions/Founders
Mr. Bharat Goenka is the Vice Chairperson of Tally Solutions Pvt. Ltd. A technocrat at heart, he established Tally Solutions (earlier known as Peutronics) in 1986, under the guidance of his father Late Shri SS Goenka, to leverage technology to help entrepreneurs manage their business better.

When was Tally launched?

1986
Tally Solutions/Founded

What is Tally full form?

Many people are in the search for full form of Tally. Actually, the full form of Tally is Transactions Allowed in a Linear Line Yards. Basically, Tally is accounting software that has decreased the burdens of massive organizations. An errorless cash flow management is a great advantage for a successful organization.

In which year did Tally Solutions introduce Tally ERP 9?

Also in 2015, Tally Solutions announced the launch of Tally. ERP 9 Release 5.0 with taxation and compliance features.

What is benefit of Tally prime?

What is TallyPrime? TallyPrime is a complete business management software for small and medium business. TallyPrime helps you manage accounting, inventory, banking, taxation, banking, payroll and much more to get rid of complexities, and in turn, focus on business growth.

What is the fees for SAP course?

SAP Course Details

CourseSAP
Fee Offered2.5 – 3 Lakhs
Starting Salary Offered2 – 5 Lakhs
Fee Offered2.5 – 3 Lakhs
Similar CourseTally

Is Tally ERP 9 easy?

Tally. ERP 9 is VAT ready software. It is simple and flexible to use.

Which is better Tally or Tally prime?

Tally Prime will now empower business owners, Chartered accountants, Accountants and other Tally Users to seamlessly manage their work and make every day simple….Comparison between Tally ERP 9 and Tally Prime.

#Tally ERP 9Tally Prime
7 Copy/Paste in TallyShortcut Keys Used to Copy and Paste in Tally.ERP 9Global Keys used to Copy and Paste in Tally Prime

Actually, the full form of Tally is Transactions Allowed in a Linear Line Yards. Basically, Tally is accounting software that has decreased the burdens of massive organizations. Due to their untiring benefits, many organizations have been choosing Tally software to handle their accounts department.

Why was Tally introduced?

It helps in maintaining simple classification of accounts, general ledger, accounts receivable and payable, bank reconciliation, etc. The technology employed by tally makes data reliable and secure. Tally software supports all the major types of file transfer protocols.

What was the first version of tally?

Tally Tally 4.5
Versions of Tally Tally 4.5 was the first version of Tally. It was released in 1990. This software is based on MS-Dos. Tally 5.4 was the second version of Tally.

What is the first version of tally?

Tally 4.5
Tally 4.5 was the first version of Tally. It was released in 1990.

What is Golden Rule in tally?

Golden rules of accounting refer to a set of pre-defined principles which guides the sequential way of recording the transactions using double entry system of bookkeeping. Golden Rules of Accounting. Real Account. Personal Account. Nominal Account.

What is benefit of tally prime?

Benefits of Tally Prime: More Simpler and easy to use. More Speed and Power. Reliable and Efficient. Flexible and future ready.

Who is the founder of tally accounting software?

As we all heard the name Tally from our childhood. It’s a Business Accounting Software, which was first introduced in 1986. It’s designed by a Bangalore based multinational company Tally Solutions Pvt. Ltd. It’s a private company that used to deal with ERP software at that time. Tally was Developed by Shyam Sunder Goenka and Bharat Goenka.

When did the first version of tally come out?

This is DOS (MS-DOS) based software released in the beginning of 1986’s. It had Basic Financial Accounting / Book Keeping Tools. Personal computers had gaining popularity in India those days. Peutronics (The Company that develops Tally) used this opportunity and put their Tally Version 4.5 on the market.

Where did the name Tally ERP come from?

As we all heard the name Tally from our childhood. It’s a Business Accounting Software, which was first introduced in 1986. It’s designed by a Bangalore based multinational company Tally Solutions Pvt. Ltd. It’s a private company that used to deal with ERP software at that time.

What do you need to know about tally?

You know very well that Tally is accounting cum inventory software which provide different accounts, inventory features which different taxation part. You can also prepare payslips, attendance sheet and many more in the payroll report. Tally is widely used in different countries due to its user friendly features.