Whois & Analysis for tallysolutions.com

Accounting software describes a type of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, general ledger, payroll, and trial balance.

It functions as an accounting information system.

It may be developed in-house by the organization using it, may be purchased from a third party, or may be a combination of a third-party application software package with local modifications.

Accounting software may be on-line based, accessed anywhere at any time with any device which is Internet enabled, or may be desktop based.

It varies greatly in its complexity and cost.

Enterprise resource planning (ERP) is the integrated management of core business processes, often in real-time and mediated by software and technology.

These business activities can include:

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of general consumption tax that is collected incrementally, based on the surplus value, added to the price on the work at each stage of production, which is usually implemented as a destination-based tax, where the tax rate is based on the location of the customer.

VATs raise about a fifth of total tax revenues both worldwide and among the members of the Organisation for Economic Co.operation and Development (OECD).

As of 2014, 160 of the world's approximately 193 countries employ a VAT, including all OECD members except the United States.

See also Voucher: an invoice is within the European union primarily legally defined by the EU VAT directive as an accounting voucher (to verify tax and VAT reporting) and secondly as a Civil law (common law) document.

Inventory or stock means to the goods and materials that a business holds for the ultimate goals to have a purpose of resale (or repair).