• Tally 7.2
• SoftCAAT

Tally Single User Edition - This Edition of Tally 7.2 is ideal for use on a single computer.

Tally 7.2 is an Integrated Enterprise Solution designed to meet the simplest to the most complex business information requirements of future focused businesses in India and around the world.

The open architecture of Tally 7.2 allows seamless access to Tally data even while using other software applications, allowing you to handle your planning and business management requirements efficiently and easily.

Tally 7.2 is built on breakthrough collaborative technology that enhances the ability of your business to managing information across various software application, within your organisation which may be spread across the country or worldwide, with your business partners and your managers who may be always on-the-move. Tally 7.2 will aid in quicker and enhanced decision-making, productivity and profitability.

Tally Solutions has continuously worked tirelessly in developing cutting-edge technology that has practical relevance to businesses, adding new features, new services, new technologies. The product's legendary Power of Simplicity and Versatility has made Tally the most widely used business accounting software solution in India, while it, global acceptance has grown exponentially.

According to the International Data Corporation (IDC), Tally is bigger than all other brands put together and is used by more than half of India's 100 most valuable companies, listed in the 'Economic Times 500' list.

Amazing Features of Tally 7.2

Tally 7.2 comes with breakthroughs in collaborative technology that extend your company's capability of managing information across your software applications, across your offices, with your business partners and your managers-on-the-move. And leads to better decisions. And improved profits

• Flexibility - It can adapt to any business, no matter what the size or type of business.

• Speed - It understands your time is money. And provides you the information you want - FAST.

• Scalability - Tally 7.2 is completely scalable. Which simply means, when you have a sudden rush of business, it adapts to the surge.

SoftCAAT is a software solution for audit professionals, audit firms and companies in need of an internal auditing tool spanning all industry sectors. Its user-friendly interface facilitates easy access to audit-ready data thereby assisting in quick and effortless analysis of the information.

SoftCAAT allows auditors to gather audit information using easy-to-use wizards. The auditor is guided through a step by step approach towards analyzing and interrogating the audit data. The software’s exhaustive features enable the auditor to carry out analytical tasks such as calculations, exception tests, identification of duplicates & gaps, sampling and more, to ensure comprehensiveness of the audit process.

SoftCAAT can be used regardless of the nature of the business being audited or the type of technology used by the business to store its auditable data. This gives the auditor a head start towards being in complete control of the auditing process.

SoftCAAT – a complete audit empowerment tool provides the auditor with a unique blend of powerful features and ease of use.

Financial Statement Audit: For the purpose of financial statement audit, an auditor can carryout any of the following type of analysis effortlessly:

• Creditor Analysis
• Debtor Analysis
• Payroll Analysis
• Purchase Analysis
• Sales Analysis
• Expense Analysis
• Fixed Asset Analysis

• System Security Log Analysis
• Telephone Usage Analysis
• E-mail Usage Analysis

The above list is just an indicative list and not really an exhaustive one. By using various features of SoftCAAT it is possible to meet any specific requirements of an audit with ease.

Auditee Details: Maintain Auditee details such as company name, address, contact person and audit team details etc.

Audit Details: Maintain details of audit such as audit name, start date, end date, audit objective, scope, audit deliverables, previous audit date and other details.

Import Wizard option allows audit data to be brought into SoftCAAT for the purpose of analysis and other audit activities. The user-friendly import wizard will guide the users through a series of steps and instructions for importing the file into the Software.

Relationship Builder option allows the user to relate records from different files and perform data. analysis

Find option finds and highlights the specified search content present in the current active audit data. The ‘Find All Having’ option and ‘Find Next’ option will find the first appearance of the search text. The ‘Find All Records Containing’ option finds all the occurrence of the text to be found and filters the current audit data based on the occurrence of the text.

Auto Filter option is similar to the ‘Auto Filter’ feature in Excel. It filters and displays the rows that met the selected value from the Filter list.

Sort Fields option is used to display the data in the desired order on a single field or on multiple fields.

Identify Duplicates feature is used to detect whether key fields in the audit data contain duplicates in the sequence. It can be used to identify duplicates within a single field such as duplicate invoice numbers on an accounts receivable file. The ‘Duplicate Key Exclusion’ feature identifies duplicate items in a file but only where an additional field specified is different .

Sequence Check data analysis option checks the designated key fields to determine if they are in sequential order and reports in the results. It checks for duplicate or missing document numbers, such as invoice or check numbers.

Identify Gaps helps in detecting gaps in a sequence of data for data types such as numeric, character and date.

Statistics option provides the summary of the audit data. It quickly highlights abnormalities in the file, which can then establish a direction for subsequent approach or analysis. Statistics produces summaries for each data type i.e., Numeric, Date and Character data type.

Compare Files option compare two files based on numeric fields and produce a report on differences between the two.

Analytical Tool option allows maximum flexibility and features for data analysis. This option allows users to query audit data using wizard/advanced/SQL mode.

Stratify option helps to total the number and value of records within each specified value band and produces a stratification report. It also has drill-down capabilities and allows users to double click and view the transactions grouped under the relevant stratum. Stratifications can be performed on numeric, character, date and key fields.

Classify option counts number of records relating to each unique value of a character field and accumulates totals of specified numeric fields for each value.

Aging option presents aged summaries of data. This summary may be based on the current date or a specified cutoff date and helps in performing aging analysis for payables, receivables etc.

Summarize option accumulate totals of numeric fields for each distinct value of one or more key character fields.

Cumulative Total option creates a field with the result of the cumulative total of the selected field for cumulative total.

Benford’s Law is useful to understand patterns of data and identify variances from Benford’s Law or variances between patterns in two sets of actual data. SoftCAAT computes the number of occurrence of the number 1 to 9 in the first/second/third/fourth digit of any numeric field and stratifies the numbers sequentially from 1 to 9 and the displays the variance from Benford’s Law

Sampling is an objective statistical sampling method to draw a small number of transactions from huge number transactions for the purpose of physical verification.

Pivot Table helps to quickly summarize large amounts of data. You can rotate its rows and columns to see different summaries of the source data, filter the data by displaying different pages, or display the details for areas of interest.

MIS Analysis can be used to perform analysis of transactions based on a periods such as Unique Date, Day, Month, Quarter or Year.

Export option allows users to generate reports in other file formats so that the report can be used directly by other Software for further processing.

Excel/HTML View populates the audit data in Microsoft Excel Application which can be saved to carryout necessary formatting. HTML View option displays the audit data in HTML format so that it can be viewed using internet browsers.

Report Wizard option guides you with a series of steps for designing the report in the GUI Format. This feature provides the option of previewing the designed report through the wizard. It also provides the option of saving the report in the Text, MS Excel, MS Word, HTML formats.

Templates are available in SoftCAAT which guide user in performing specific tasks. For example: Template of Credit Period Analysis primarily is used to find range of credit period and to confirm enforcement of Credit policy. The output of this analysis enables to find time taken by customers for paying dues in number of days starting from 0 day to 360 days.

Re-Run Task helps to re-run already executed tasks with same/different parameters.

Audit Table options helps to view the audit log with details of tasks performed along with the conditions set and summary of the audit tasks performed.

Certified Consultant for Tally