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Tally is a cloud accounting software solution designed to manage your business’s finances and track its overall performance. It can be used by small businesses, independent contractors, and freelancers to track sales, track expenses, and generate invoices. Owners of LLCs and corporations can use Tally to keep track of their finances and manage their payroll. It’s available in three different business models: Hosted, Self-Hosted, and SaaS (Software-as-a-Service). Hosted is the most basic Tally option. There are no limitations on the number of users. However, the data will only be accessible from the host’s data center. Self-Hosted is the next step up. This option allows businesses to host their own database and control their own security settings. It also gives you access to a wider range of integrations, including QuickBooks and NetSuite (or software-as-a-service) is the most expensive option. It gives you access to the full Tally software, including invoicing, accounting, and project management features. You can also use it on-demand, meaning that you don’t need to worry about hosting issues or setting up your own database.
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