Tally XML

In today 's world where there is relentless competition , every organisation is feeling the pressure to reduce cost to stay competitive . Business organisation look for suitable applications that can help them to integrate their operations & information flows , connecting each other seamlessly . Tally ees 6.3 provides such mechanism.
In this version , emerging collaborative technologies have been used , such as protocol support for HTTP , HTTPS , FTP , SMTP , ODBC , RAW sockets with data interchange formats ,xml or extensible markup language , SDF MEANS SYSTEM DATA FORMAT and related formats , rule based collaboration supporting export , upload and synchronization . These technologies enable organisations to utilize benefits of the internet to create competitive advantage as well as improve operational efficiency .
For example , multilocational organisations face problem of acquiring data from all their location say , factory , branches and synchronise them for consolidation .Normally their consolidated data become historical instead of on lined because of the time lag between data sourcing and synchronisation . With tally 6.3 , a company with multiple branches , can synchronise their data on line and get all or selective information any time .
By proper planning and deployment , an organisation can transmit information electronically to cut time and do virtual paperless transactions .An example would better explain advantage of the technology .
1. Calcutta chemicals intends to buy 100 m/t synthetic vinegar from bombay chemicals
nomal transaction
  • calcutta chemicals enters , prints and sends hardcopy purchase order to bombay chemicals

Electronic Transaction

  • Calcutta chemicals enters and sends purchase order electronically , bombay chemicals converts it as sale order and incorporate in their system.

Thus a completely paperless , yet authenticated collaborative environment gets created . ,fulfilling legal as well traditional requirements that can improve co ordination of operations


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Accounting Education: Tally XML
Tally XML
Accounting Education
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