TallyPrime

Tally Prime is known and trustable accounting software which is being used by moat of the businesses.

Its best suited for small and medium size businesses.
User friendly and easy to use.
Provides various final analysis reports in easy to understand format.
This is budget friendly as small and medium businesses cannot invest in high rated softwares.
It also provides multi user working and data sharing option.
It also provides feature of accounting of applicable taxes such as GST, TDS etc.
Provides inventory managemant facility to users.
Overall a good accounting software with all required features, easy to use and in budget too.

Does not provide specialized financial reports.
Not compatible with cloud compounding, data mining or other artificial intelligence features.
Does not provide auxiliary software service such as payroll, pos etc.
Sometimes it is complicated go work in multiuser option.

It's all ERP module are very easy to learn and use unlike other accounting software It's statutory feature ease the business

Firstly, It's aging feature of sundries need to be improved,
Secondly, for calculating tax for cgst and sgst we need to calculate it manually which needs to be improved

It is easy to comply with the Indian Taxation (GST) with this software. It is very helpful for preparation and uploading of GST Returns directly from the software. It is very easy to learn and it is very quick as there are shortcuts for each function and they are very easy to learn. Contacting their support is quick and they are very helpful. There are several menus to analyze and present data.

UI can be improved. There are charges to change the version and the changes are to be done manually. We need this on cloud storage basis,

Auto updation of profit loss and balance sheet.
Can switchover from any ledger to anywhere without any difficulty.
Easy to use.
Gst release made gst returns easy.
Inventory management is also nicely incorporated.
Cost management is also possible.
Easy bank reconciliation is possible.
Payment, receipt, contra, j.v all kind of entries and voucher are easy to use.
Stock j.v can be used easily.
All kinds of tax and statutory master can be used as per the requirement of user.
Widely accepted in India.
Best accounting software I have ever seen.

It is best for accounting but at the same time person who is not familiar with accounting can not use it easily. Somewhat basic knowledge of accounting is required to use this software.
Sometimes people who are commerce graduate for them also this software become difficult as there are many features so it may seems complicated at initial level.

Tally supports export to CSV, GST tax calculation. Readable data available for filling of GST returns. This provide multi-language support. It maintains inventory along with accounts. Automatic interest calculation for various accounts like receivable, payable, capital account. User security controls along with data safety features. It supports Audit features which are very useful. Presentation of data with bar charts. It not only provides profit and loss for the Financial year but it also provides various ratios for analysis of financial data.
This is available for students for learning purpose.

User cannot open multiple instances of ledger account at same time.
User cannot enter cost center wise opening balances which makes it difficult to depict data cost center wise.
GUI graphics color should be customized.