Tally is one of the most famous accounting software packages in the world. It is being used equally by the small, medium as well as large sized businesses across the globe. Interestingly, this accounting software is most widely used in India also.
However, there are few other open source alternatives to this accounting software as well. These open source alternatives capable of carrying out all the functions that traditional Tally software is capable of doing. So, below are the best open source alternatives to Tally.
Post Books is an open source accounting as well as resource planning software which is designed to be used in all the medium and small sized enterprises.
It is entirely free software and was released under the CPAL license. The Post Books accounting software was initially written in English language but now it is available to you in a number of languages.
Some of these languages are Spanish, Russian, Chinese, Turkish, Portuguese as well as French among others.
Post Books software is divided into a number of useful modules such as Sales, Accounting, CRM, Manufacturing, Products, Inventory and Purchase.
However, the modules are arranged in an interactive manner depending on the requirements of the clients. Apart from this, this software also supports multi- currency and multi- lingual capability.
This makes Post Books international software to be used for a variety of business accounting purposes worldwide. This software can be seen as a well-established community capable of fulfilling your accounting and resource planning needs. – PostBooks – Tally Alternative
GNU Cash is small in size but it is very efficient when it comes to handling your accounts, especially the financial matters related to your enterprise. This software is freely licensed under GNU.
Also, it has been made available for other operating systems such as Linux, Solaris, BSD, Microsoft Windows as well as Mac OS X.
GNU Cash is very easy to use and comes across as a very powerful and flexible accounting software . It allows you to track your bank accounts, your expenses and incomes.
Apart from this, it is very feasible to use it as a check book as well. The architecture of this software is based in professional principles of accounting and it ensures to give you the most accurate and balanced record of your money related matters.
Mutual fund accounts, double entry accounts, reports, graphs, as well as transaction matching are some of the highlights of this accounting software. – GnuCash
BS1 Accounting is open source inventory software meant to be very useful for your business enterprises.
Some of the highlighted tasks taken care by this software are Accounts payable, Accounts receivable, Inventory, Sales and General ledger.
This software is made in a way that it fits the size of your screen effectively. Being a very user- friendly interface, it is used by a large number of people.
Export and import of goods becomes very easy with this software due to its multi- currency feature. Also, it is capable of tracking the receivables and payables of various currencies distinctly.
Apart from this, the loss and gain rate in each transaction can also be tracked with the help of this software. – BS1 Accounting
Turbo Cash is entry level inventory control software especially designed to be used by single users. It is most appropriate when used by comparatively small networks as well as other distributed networks.
It is also made compatible with other operating systems such as Linux in Wine and Delphi developments in Windows. This software also supports developer’s script and this makes it stand ahead in this list.
Apart from this, other specifications include multi- language and multi- currency features. Also, there is local Plug Ins included to make the experience more worthy for the users.
This software is most ideal to be used in the SME market. It is capable of keeping track of all the creditors, stocks and debtors related to any particular business. – TurboCASH Accounting
TAMS stand for Time Accounting Management Software. It is unique accounting software which is based on PHP/ PostgreSQL.
This software offers a whole new range of functionalities in its package. These include billing, accounting as well as tracking packages.
The TAMS software comes very handy for small businesses such as independent contractors and also the companies involved in consulting work as they will be able to track the time they spend on any individual project.
This further allows them to generate bills accordingly. This software is ideal to be used in almost every kind of business as it saves a lot of time.
It also prevents important projects from slipping away from their deadlines and provides guidance so that the finance does not exceed from the planned budgets.
All this accounts to creating a well-defined work schedule and hence increases the productivity of your employees. – TAMS
OBA stands for Open Business Accounting. It is a very useful web- based accounting software ideal for all businesses.
It has been modified from SQL ledger in order to suit auditors, accountants and all other people who require carrying out massive data entry as a part of their everyday job.
Some very useful and easy to use modules are included in this software. Some of these are sales summary, quick data entry as well as unique transaction number for each and every transaction taking place from within this software.
It is also capable of performing functions like accepting payments, delivering sales and keeping track of all your transactions in an easy to view and understand manner. – OBA – Tally Alternative
Turquaz Financial Accounting
The Turquaz Financial Accounting software is easy to use accounting software most suitable to be used by all the small and medium sized enterprises.
It is double entry financial software which aims at performing target operations such as accounts payable, management of inventory, accounts receivable, general ledger, advanced report, journal and advanced analysis. Some features of this software are its compatibility with multiple currencies and multiple languages.
What makes this software more useful is the fact that it involves a variety of functionalities, while offering a user- friendly approach to the users. – Turquaz Financial Accounting