Rajesh Pathak Feb 13, 2024
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QuickBooks vs Tally: Which One Is Right For You?

Choosing the right accounting software can make your life a lot easier, whether you’re an entrepreneur running your own business or simply trying to keep track of your money in the privacy of your own home. To find out which is better, QuickBooks or Tally, read this blog! In the end, we’ll tell you which accounting software will make your life simpler and more streamlined so you can focus on what matters most—like growing your business or enjoying time with friends and family.

What is QuickBooks?

QuickBooks is one of the most well-known products for assisting business owners in streamlining chores linked to accounting. QuickBooks was created by Intuit.

Read Also: Reasons to Get QuickBooks Certification

Who Uses QuickBooks?

QuickBooks is used by thousands of industry professionals and is well-liked by small business owners, freelance bookkeepers, and larger corporations alike. It is designed to meet the demands of independent contractors and small to medium-sized organizations.Since its founding in 1983, QuickBooks has risen steadily to become the titan it is today. In 2002, QuickBooks published its initial edition. Since then, new features and capabilities have been added to the software. QuickBooks have offices all around the world and are accessible internationally.

Read Also: How Does QuickBooks Work?

What are the advantages of using QuickBooks? 

QuickBooks can offer you many advantages whether you are a small business owner or self-employed. 

  • QuickBooks can save you a lot of time and hassle come tax season. 
  • QuickBooks can track your income and expenses, calculate and file your taxes, and generate helpful reports so you can see how your business is doing. 
  • It integrates with a ton of other software (like PayPal and Stripe) to make running your business even easier. 
  • It's easy to use and will be updated every year as the law changes. But if you have more than one person in your company that needs access to the system, like an accountant or bookkeeper, this might not be the best choice for you since they need their logins and passwords - which means more money spent on licenses. Some features aren't available in QuickBooks yet, like stock options or variable pay. 

While most upgrades are free each year, there are some yearly fees involved if you want phone support from Intuit employees when things go wrong.

Read Also: QuickBooks Job Roles And Salaries

What is Tally?

Tally is a popular accounting and financial management software used by small and medium-sized businesses to manage their financial transactions, tax compliance, and inventory management. It provides features such as accounting, billing, payment management, tax management, and reporting. Tally can help organizations to streamline their financial operations, improve their decision-making processes, and achieve better control over their finances.

Who Uses Tally?

Tally is used by small and medium-sized businesses, suppliers of electrical and electronic equipment, real estate firms, manufacturers of leather goods and paper, as well as dealers of fashion accessories and other accessories. Tally is developed by an Indian company keeping in mind Indian small traders & dealers. It is most suitable for small, medium-sized businesses and newly started businesses with a tight budget for accounting software, low data volume, and tightly controlled operations and administration. 

Read Also: Advantages of Becoming a Certified Tally Professional

What are the advantages of using Tally Software?

The advantages of using Tally software are many. If you’re looking for an accounting software that’s specifically designed for small-scale and middle-scale businesses, then Tally is your best option.

  •  Tally is considered to be one of the best as it’s easy to use and can be customized  to fit your business’s needs. 
  • Tally is relatively affordable compared to other accounting software options. 
  • While Tally may not offer all the bells and whistles of QuickBooks, it has more than enough functionality to keep your business running smoothly. 
  • In addition, there are plenty of YouTube tutorials available, so you don’t need any previous experience with accounting software to use this program.

QuickBooks Vs Tally

A Comparison of the Features of QuickBooks & Tally Software

If you’re looking for an accounting software, you’ve probably come across QuickBooks and Tally. Both are popular choices, but they have different features. 

Here’s a look at some of the features of both QuickBooks and Tally that might help you decide which one to choose. 

  • Both offer free trials before purchasing so that you can test them out before committing to buying either program. 
  • QuickBooks offers more in-depth bookkeeping than Tally does. 
  • Tally is more appropriate for enterprise-level corporations, whereas Quickbooks is targeted at independent contractors and small businesses.
  • While Tally focuses on more sophisticated warehousing and project management tools, Quickbooks is more on bookkeeping.
  • Only a subscription-based pricing option is available for Quickbooks, however, a one-time license can be purchased for Tally.
  • Tally allows unlimited user registration, but Quickbooks only permits a maximum of 25 users.
  • Tally lacks a mobile app, whereas Quickbooks doesn’t.

Read Also: How To Prepare For An Accounting Exam?

Which Accounting Software Should You Choose?

After using both Quickbooks and Tally, we’ve concluded that Quickbooks is the better accounting software for small businesses. It’s easier to use, has more features, and is more affordable. If you’re looking for accounting software for your small business, we recommend Quickbooks.  It's the best option for us because it's easier to use and has a lot of great features. Not only does it have everything you need in an accounting software but it also costs less than most other options on the market today.

However, the final decision will depend on your personal needs, what kind of accounting experience you want to provide your clients with, and how much money you want to spend on an accounting program. For example, if you want something inexpensive or quick-to-learn, Tally may be right for you. On the other hand, if you need something with comprehensive reporting and automatic backup capabilities, then QuickBooks would be a better choice. 

Keep in mind that it will take longer to learn QuickBooks than Tally because it has more features. With these considerations in mind, make your decision based on the value of QuickBooks or Tally for your business.

Read Also: Accounting Skills to Include in Your Resume

Locations Where Edoxi Offers Accounting and Finance Training

Here is the list of other major locations where Edoxi offers Accounting and Finance Training

Country UAE Qatar
Course Location Dubai Doha

IT Trainer

Rajesh is a Microsoft certified trainer with more than five years of experience. He plays a vital role in streamlining our enterprise software training programs. As a continuous learner with an unrelenting drive to refresh his IT skills, Rajesh always keeps an eye on the latest software releases.

His adaptable approach to learning navigates the efforts of his students in the right direction, leveraging maximum results with efficiency. Moreover, he is enthusiastic about nurturing the students' skills in a collaborative learning environment. 

He has helped hundreds of professionals hone their skills in Microsoft Office Suite, Tally, Advanced Excel Formulas, VBA, Busy Accounting Suite, Quickbooks, Power B I, and Zoho Books. In addition, he has the expertise in training individuals from global institutions like Parul University, Techno India University, GD Goenka University and Sharda University.