HISTORY OF TALLY AND VERSIONS

Personal computers had gaining popularity in India those days. Peutronics (The Company that developed Tally, co-founded by Shyam Sunder Goenka and his son Bharat Goenka in 1986) used this opportunity.  The initial name of Tally is Peutronics Financial Accountant.  The version released in the market is Tally4.5. In 1999, the company changed its name as Tally Solutions Pvt Ltd.  Auditors and Accountants who used to maintain large volumes of hard-bound notebooks were amazed at the ability of Tally to calculate Balance sheets and Profit Loss accounts within seconds. All you need to do is just create Ledgers and enter vouchers. Tally will do the rest. It will create all the statements, Trial Balance and Balance Sheet for you.

The subsequent Tally releases are Tally 5.4, Tally 6.3, Tally 7.2, Tally 8.1 and Tally 9.0, Tally ERP (Enterprise Resource Planning). These releases had been developed to support for Inventory used to stock maintenance of the company, Payroll which used to employee salary calculation and wages payments and Multi Lingual support in Many Indian languages Hindi, Tamil, Telugu, Kannada, Malayalam, Gujarati, Marathi and more.