Do we need Tally for our association's accounting?

Q: Do we need Tally for our association's accounting?

A: While Tally is a widely-used accounting software, especially for businesses, it is not specifically designed for housing societies or community associations. For community management and accounting, a platform like ADDA is more suitable and convenient.

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Q: How is ADDA different from Tally in terms of accounting?

- Tally is a general-purpose accounting software commonly used by businesses to manage financial transactions, GST, payroll, and inventory.

- ADDA, on the other hand, is tailored specifically for residential communities and housing societies. It not only handles accounting but also integrates with modules like billing, collections, vendor payments, facility bookings, resident communication, and more — all in one place.

- ADDA has an in-built unit ledger, which Tally does not have. On ADDA, you can view the Account Statement of each unit (Apartment/House) right out of the box in a clear and understandable format.

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Q: Why is ADDA more comfortable for association accounting?

- Purpose-built for communities: ADDA is designed keeping in mind the unique needs of housing societies like flat-wise invoicing, maintenance dues, penalty tracking, and fund allocation.

- User-friendly: Unlike Tally, which often requires accounting expertise, ADDA can be easily operated by committee members or office staff with minimal training.

- Transparency: ADDA allows residents to view their dues, receipts, and statements of account in real-time via the app.

- Automation: Features like auto-invoicing, auto-reconciliation, and integrated payment gateways save time and reduce errors.

- In-built Unit Ledger: Each unit’s ledger is easily accessible and comprehensible, eliminating the need for manual tracking and interpretation.

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Q: So, why is ADDA better for our community?

Explore more here: https://contact.adda.io/society-accounting-software/

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Q: Still not sure? Here's a real-world example:

With Tally:

Your treasurer is juggling Excel sheets, manually creating invoices, and sending payment reminders on WhatsApp. Residents keep asking for receipts. One missed entry throws everything off.

With ADDA:

Invoices are auto-generated, residents get reminders via SMS/email/app, payments reflect instantly, and the treasurer sleeps better at night.

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Q: Can ADDA replace Tally entirely for our association?

A: Yes. For most housing societies and associations, ADDA provides all the accounting features required for efficient financial management. Unless your association is running a full-fledged business or needs advanced inventory/payroll features, Tally is not necessary.

Author: Sandhya

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Do we need Tally for our association's accounting?

Do we need Tally for our association's accounting?

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