In Indian computer accounting , tally 7.2 is a famous software in which you can record your day to day transactions but You must know how to work on it . It is very simple when you first time open tally 7.2 .It will ask you create company . Ist of all you must create company . In the form of creation of company you should give your correct all detail after this you can easily accept then your company will created . After this you should change your account setting and change configuration of your computer . Then you can create voucher and then make journal entries of all business transactions . After this all financial statements like profit and loss account and balance sheet will become automatically .