Tally Prime is the latest generation software in the Tally Software Family. When launched way back in 1986, till 1995, earlier versions of Tally were purely the accounting software but post version 5 till today the software has been upgraded to the ERP level, which can handle Accounts, Finance, Inventory Management, Production / Manufacturing, Purchase / Sales Management, Banking and Payroll. Over and above it can handle most of the statutory compliances like GST and TDS for the organisations.