- Quickbooks are focused on bookkeeping.
- Tally is focused on more advanced inventory and project management features.
- Quickbooks only offers a subscription-based payment model
- Tally allows you to purchase Tally as a one-off license
QuickBooks Online Accounting Software from Intuit is a cloud-based accounting software offered in a SAAS model. The QuickBooks Online edition has configured for India, with provisioning for Indian currency, Indian tax regulations and automatic synchronisation of QuickBooks accounting information with the Company’s bank transaction information. QuickBooks is a product of Intuit, the makers of QuickBooks and Quicken – both with the extensive usage of accounting software’s in the US by small and medium-sized businesses.
Tally ERP 9 is an accounting software from Tally Solutions Private Limited. Tally ERP is offered as a software that can be installed on any PC running Windows XP or higher. Tally is especially for the Indian market, keeping in mind the Indian business needs and regulatory regime. Tally ERP 9 is a product of the evolution of Tally accounting software in India over two decades, and thus Tally ERP 9 well adapted for the Indian business requirements. Tally ERP 9 is from Tally Solutions, an accounting software company with a global footprint.
QuickBooks Online has released in India only about a year ago, targeting SME businesses. Therefore, QuickBooks Online currently offers only limited features and functionalities. Yet, the features and functionalities currently provided by QuickBooks are sufficient to comfortably manage the accounting information of a small or medium-sized business in the service sector. QuickBooks Online does offer certain functionalities that are unique such as automatic bank transaction information synchronization, scheduled invoices, etc., which could come in handy for certain business owners.
Tally ERP 9 is a powerhouse of features and functionalities. Tally ERP 9 can manage the accounting information of small or large businesses in any industry – have any type of business model. Tally ERP 9 is custom-built for the Indian market by an accounting software company having over two decades of experience in the Indian market. Therefore, Tally ERP 9 is compatible with all Indian tax codes and can be used by most businesses in India without any drawbacks.
QuickBooks is offered as in a SAAS model through the clouds. Therefore, there is no software to install and the accounting information of the Company can be accessed from any computer with an internet browser. Since the accounting information is stored online, multiple users from multiple locations can work on the same accounting information while staying in sync. Further QuickBooks App is available for iOS and Android – allowing access to QuickBooks from tablets and mobile phones.
Tally ERP 9 is offered as a software. A PC requires a running Windows XP or higher. Tally ERP 9 is works as stand-alone software, and the accounting information is stored on the PC’s hard-drive. Tally ERP 9 does have powerful remote connect capabilities allowing persons not connected with the PC storing the accounting information to work on the same data from a different PC running Tally. Tally ERP 9 presently doesn’t offer any iOS or Android App and is thus accessible only through a PC running Tally ERP 9.
Purchase One year QuickBooks online edition through IndiaFilings.com for Rs.3000 inclusive of all costs.
Purchase Tally ERP 9 Silver software online through IndiaFilings.com for Rs.17,000. There are no renewals associated with purchasing Tally ERP 9 software – through the purchase of higher editions when launched may be required to stay updated. Tally ERP 9 is also provided in a monthly rental format with a monthly rental of Rs.600 – wherein future upgrades are included.