Handling finances of a growing organization can be difficult. Initially, the local Tally system can take care of tasks such as revenue, payroll, and expense tracking efficiently. But, as the business grows, inefficiencies set in – data becomes inconsistent, reports become somewhat late, and remote access is constrained. The same leads to wastage of precious time and resources, while denying the growth.
Challenges in Multi-Location Accounting
Data Inconsistencies : Various branches have different accounting practices, such as using various methods for manual number entry, resulting in discrepancies in the data. In such cases, obtaining accurate data might involve keeping in touch with the respective branch’s ways of doing things.
How Tally on Cloud Addresses These Issues
Centralized Management of Data : All data on the Cloud is stored in one robust central server, ensuring consistent data with live synchronization across all locations. Thus, there is no longer a need for manual data consolidation or file transfer difficulties across locations.
