Devdas Bhagat wrote:
On 06/01/07 17:55 +0530, Saswata Banerjee & Associates wrote:
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Huh ? Tally works with double entry accounting. Where did you get the idea that tally does not follow double entry accounting ?
One of the few things about double entry accounting I remember is that deletion was not allowed. I may be wrong, though.
Devdas Bhagat
Double Entry accounting specifies that for every entry that is made in the accounts, there has to be 2 parts, one being the credit and the other being debit and that the total of the debits should be equal to the total of the credits. It does not say anywhere that you can not delete an entry. You are very much allowed to delete entries, though it is frowned on by all good accountants and auditors.
You must remember that Double Entry System is more than 400 years old and at that time there was no "delete" button available. The only way you could delete an entry was to scratch it out (or perhaps use eraser / white ink) and recast the totals. However, this is obviously not a safe method.
With tally type of accounting software, deletion is now possible and the bad accountants have started to use it. It is easy for them to hide their errors that way.
Just to clarify, I dont like tally. I think it is the most stupid accounting software available. I always recommend to my clients to switch. Only problem is that there is no Indian Accounting software that is any better. So you are stuck.
BTW, I am yet to see Tally Linux. I doubt if the dealers or even Tally customer support would have heard of it. It is a statement that they have been making for a loooong time and can be classified with vaporware.
Regards Saswata