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BUSY vs Tally – Get the Best Tally Alternative for MSMEs
BUSY Accounting Software and Tally Solutions are two prominent players in the market when managing finances and streamlining accounting processes. Both software options offer a range of features to cater to diverse business needs. In this comprehensive comparison, we will delve into the unique aspects of each software to help you make an informed decision for your business.
Comparison between BUSY Accounting Software & Tally Solutions
GST Features
Features | Tally ERP | BUSY |
|---|---|---|
GSTR-6 ( For Input Service Distributor) | N | Y |
Item & Party wise Sales GST Summary | N | Y |
GST Register for Sales /Purchase/Supply Outward/Supply Inward | N | Y |
Username and Password are saved for e-invoice and e-way bill generation | N | Y |
Button for Check on GSTIN Portal | N | Y |
Search HSN/SAC code & descriptions | N | Y |
GST Automatic Calculation & Adjustment Enteries | N | Y |
Bill-wise ITC reversal report | N | Y |
Shortcut key to view ITC status of Purchase Invoice | N | Y |
Tax Audit Report - Clause 44 | N | Y |
Monthly ITC Tagging to claim correct ITC | N | Y |
Invoice Management System (IMS) | N | Y |
Reconcile GSTR-2A vs GSTR-2B (Voucher & Party-wise) | N | Y |
GSTR-3B Annual Summary (Month Wise) | N | Y |
Auto Download & Reconcile Table-8A of GSTR-9 | N | Y |
Pick Company Details by GSTIN | N | Y |
GSTR-7 (GST-TDS) - Filing through JSON or Excel File | N | Y |
Create Ledger by GSTIN (Single & Multiple) | Y | Y |
Generate JSON for GSTR-9 E-Return (HSN Summary) | Y | Y |
View Party Return Filing Status (GSTR-1 & 3B) | Y | Y |
Auto Download GST Returns (GSTR-1, 2A/2B, 3B) | Y | Y |
Reconciliation of GSTR-1, 2A, 2B & 3B with Books | Y | Y |
GSTR-1 document summary report | Y | Y |
Advance receipt - tax liability report | Y | Y |
Multiple GSTIN in the Single Company | Y | Y |
ITC-04 (Input Credit on Job Work ) | Y | Y |
Validation of party GSTIN (Single & Multiple) - Online | Y | Y |
Validation of Item HSN Code online | Y | Y |
Auto Generation of E-way Bill | Y | Y |
E-Way Bill with Detailed Printing | Y | Y |
E-Way Bill Distance Calculator (Pin to Pin) | Y | Y |
Generate E-way Bill from Material In & Material Out Voucher | Y | Y |
Auto Generation of E-invoice Bill | Y | Y |
Advance receipt adjustment | Y | Y |
Feature to cancle E-way bill & E-invoice directly from software | Y | Y |
E-invoice with QR Code Printing | Y | Y |
GSTR-4 ( For Composition Dealer) | Y | Y |
GSTR-9 (GST Annual Return) | Y | Y |
GST Summary | Y | Y |
Annual GST Summary | Y | Y |
Direct upload GSTR-1 | Y | Y |
GST returns (GST R1/IFF/GST R2/GST R3B/GST) | Y | Y |
Multi-Period GSTR-1 Exports in Excel | Y | Y |
Sales Type wise GST Summary | Y | Y |
Exporting GSTR3B for a Quarter in a Single JSON file for QRMP Dealers | Y | Y |
GSTR-3B - Excel offline utility | Y | Y |
Port code for export invoice | Y | Y |
GST Ledgers in RCM and Transactions with Unregistered Dealers (URD) | Y | Y |
Updation of GST Amount After Overriding GST Rate | Y | Y |
UQC-wise HSN/SAC summary in GSTR-1 | Y | Y |
HSN wise Inward /Outward summary | Y | Y |
TDS & TCS Management | Y | Y |
Automated Tax Calculation to Comply with TDS Section 194Q | Y | Y |
MSME Form 1 Statement & Printing | Y | N |
Marked as signed (Amended Transactions) - GSTR-1 | Y | N |
GSTIN Effective Date in Party Accounts | Y | N |
Direct upload of GSTR 3B & CMP-08 | Y | N |
Submit GSTR 1 through EVC or DSC | Y | N |
GSTR-1 Conflict Resolution | Y | N |
Set HSN/SAC Length (Based on annual turnover) | Y | N |
Update Parties GSTIN in GSTR-1 Report | Y | N |
Bulk Conversion of Transactions from B2B to B2C (If GSTIN is Inactive) | Y | N |
Report to View Filing Status - Mulitple Parties | N | Y |
Accounting
Features | Tally ERP | BUSY |
|---|---|---|
Royalty calculation | N | Y |
Sub ledger | N | Y |
Maintain images of Account Master/Voucher | N | Y |
Targets | N | Y |
Ledger reconciliation | N | Y |
Optional fields for masters | N | Y |
Mahajani interest calculation | N | Y |
Provision for copy in bulk sale vch to purchase vch & vice-versa | N | Y |
Branch wise bill by bill Management | N | Y |
Bulk Payment/ Bulk Receipt | N | Y |
Automatic Payment Reminder | N | Y |
Default Account Masters | N | Y |
Postage of royalty & Brokerage automatically from report | N | Y |
Depreciation Chart (As per Companies Act.) | N | Y |
Posting of interest calculation automatically from report | N | Y |
Balance Sheet and Profit & Loss (as per Schedule III) | Y | Y |
Depreciation Chart (As per Income Tax Act.) | Y | Y |
Interest Calculation | Y | Y |
Maintain MSME Type & Udhyam Number for Companies & Parties | Y | Y |
Double Entry mode or vice versa for Paymemt/ Receiept | Y | Y |
Budgets | Y | Y |
Multi currency | Y | Y |
MSME Type & Udhyam No. Details in Invoice Printing | Y | Y |
Maintain multiple Accounts aliases/Multiple Addresses for Ledger | Y | Y |
Cost Centre | Y | Y |
Set Credit Limit | Y | Y |
Profitability reports | Y | Y |
Abstract reports | Y | Y |
Auto generate forex gain/loss voucher | Y | Y |
Configurable accounts posting from pure inventory vouchers | Y | Y |
Branch wise stock & profit& loss Account Bifurcation | Y | Y |
Brokerage Calculation at the time of payment/receipt along with sale/Purchase | Y | Y |
Incentive Calculation with Targets | Y | Y |
Sort Pending Bills to Manage Payments Effectively | Y | Y |
Specify Settlement Account during voucher entry | Y | Y |
Account wise Interest Rate | Y | Y |
MSME Registration Details History | Y | N |
Salesman-wise reporting | N | Y |
INVENTORY
Features | Tally ERP | BUSY |
|---|---|---|
Item sizing information | N | Y |
Party wise item codes | N | Y |
Tagging of sale purchase account with item or material center | N | Y |
Tagging of stock account with item group or material center | N | Y |
Parameterized stock management with BCN (5 Parameters) | N | Y |
Drug license no. | N | Y |
Show last transactions during sale and purchase | N | Y |
Treat MRP as sale price | N | Y |
Indent Management (Pre-Purchase) | N | Y |
Hide Stock Value During the data entry | N | Y |
Define Item Critical level on basis of material center & parameter | N | Y |
Automatic Batch/Lot No. Generation | N | Y |
Print Product Catelogue | N | Y |
Multiple Alias of Item | Y | Y |
Free qty. billing | Y | Y |
Item grouping & category | Y | Y |
Batch wise stock management | Y | Y |
M.R.P. wise stock management | Y | Y |
Alternate unit | Y | Y |
Issue receipt analysis | Y | Y |
Multiple price categories of item | Y | Y |
Party last billed price in sale purchase voucher | Y | Y |
Price of item can be specified for both Main & Alt. Unit Separately | Y | Y |
Challan management | Y | Y |
Order processing | Y | Y |
Specify default credit days on the basis of Bill References with Item Group / Material Center | Y | Y |
Qty Decimal places at Unit level (item wise) | Y | N |
Item Serial No. tracking and warranty reports | N | Y |
BILLING & INVOICING
Features | Tally ERP | BUSY |
|---|---|---|
Parameters, Serial No. and Batch - MRP for each parametrised unit | N | Y |
View Party Dashboard while billing | N | Y |
Save Invoice on Google Drive | N | Y |
Scheme Management ( FMCG/ Retail) | N | Y |
Item wise compound discount & Markup | N | Y |
Self configurable invoice formats | N | Y |
Printing of barcode of any field in invoice printing | N | Y |
Composite Bar Code Printing/Reading | N | Y |
Invoice Bar Code Printing (2D) | N | Y |
Invoice Printing in Regional Language | N | Y |
Optional fields for Voucher | N | Y |
Point of Sale - Fast Billing | Y | Y |
Separate Billing/ Shipping details | Y | Y |
Hold the Transaction | Y | Y |
The titles are changed to Billed to and Shipped to | Y | Y |
Payment Settlement with Cash Tendered Details | Y | Y |
Image of Signature in Sales Invoice | Y | Y |
Party Previews & Current Balance Printing on Invoice | Y | Y |
Tag Salesman in Billing | Y | Y |
Print company logo | Y | Y |
Print Invoice with Digital Signature | Y | Y |
Invoice Sharing via WhatsApp & Email | Y | Y |
Invoice Printing in Arabic & Bangla | Y | Y |
Enter Transport Details | Y | Y |
UPI bases dynamic QR Code generation & printing in the Invoice | Y | Y |
Payment Gateway Link on Invoice | Y | N |
Barcode / QR Code Scan based Billing - BCN | N | Y |
Banking Capabilities
Features | Tally ERP | BUSY |
|---|---|---|
Cheque Printing | Y | Y |
Maintain Bank Instrument Details | Y | Y |
Payment Advice & Deposit Slip | Y | Y |
PDC & Bank reconciliation | Y | Y |
Provision for clearing multiple entries in Bank Reconciliation | Y | Y |
Import Bank Statement (Excel/CSV Format) | Y | Y |
Auto Bank reconciliation with Excel Import | Y | Y |
Integration with Payment Gateways (PayU & Rozarpay) | Y | N |
Payment QR Code in Ledger Report | Y | N |
Check Bank Balance Online | Y | N |
Bank entries log report (tracking modified data, narration, and more) | Y | N |
Get Bank Statement Online | Y | N |
Online Banking (Kotak & Axis) | Y | N |
Sharing payment links via sms and emails | Y | N |
Provision for E-Payment | Y | Y |
Administration & Security
Features | Tally ERP | BUSY |
|---|---|---|
Auto backup on Google drive | N | Y |
Block/Deactivate masters | N | Y |
Partial data freezing | N | Y |
Data binding with hard disc and users | N | Y |
Hierarchy of users | N | Y |
Notes manager | N | Y |
Provision for custom data entry validations. Now we can write scripts for custom validations during data entry. | N | Y |
Maintain Log Files for Backup/Restore/Delete Activities | N | Y |
Auto printing of multiple formats | N | Y |
Configurable Dashboard | Y | Y |
Restriction of back date entries | Y | Y |
Data splitting | Y | Y |
Create unlimited users | Y | Y |
Warning alarms | Y | Y |
Software on Cloud | Y | Y |
Negative Cash configurable warning alarms | Y | Y |
Data check list | Y | Y |
Change captions of labels of all the Masters and Vouchers data entry forms and even for voucher type | Y | Y |
Audit Trail (Edit Log) as per MCA guidelines | Y | Y |
Seamless Migration to updated version
| Y | Y |
Browse data path | Y | Y |
Notifications in TallyPrime (TSS validity/ Latest TallyPrime releases) | Y | Y |
Drag and drop cheque formats designing | Y | Y |
Auto backup Date wise/Company wise - Local Drive | N | Y |
CRM
Features | Tally Prime | Busy |
|---|---|---|
Support Management (Post-Sales) | N | Y |
Enquiry Management (Pre-Sales) | N | Y |
Payroll Features
Features | Tally Prime | BUSY |
|---|---|---|
Configurable salary structure | Y | Y |
Posting of Salary in Accounts | Y | Y |
Job Work & Manufacturing
Features | Tally Prime | BUSY |
|---|---|---|
Production variance reports | N | Y |
Auto and regenerate of production vouchers | N | Y |
Unassembling of BOM | N | Y |
Generate of P.O from production planning | N | Y |
Bill of material Details | Y | Y |
Tracking of jobs to be received & done by the company | Y | Y |
Maintaining details of wastage & other raw material used in the process of job work | Y | Y |
Material tracking on the basis of Job ID and multiple Job IDs with single receipt from a party | Y | Y |
Posting of Job work in Accounts | Y | Y |
BOM and Production | Y | Y |
Product composition and utilization report | Y | Y |
Production planning | N | Y |
Configurable Documents & Reports
Features | Tally Prime | BUSY |
|---|---|---|
Self Configurable pay slip formats and salary registers | N | Y |
Search party in billing details from Name/ Mobile no. / Email -ID | N | Y |
Configurable custom columns reports | N | Y |
Summarization of Reports at two levels | N | Y |
Creation or modification of multiple account and items from a single screen | N | Y |
Auto reference management | N | Y |
Merging of masters | N | Y |
Voucher replication | N | Y |
Bulk updation of price,dicount, taxes and critical levels | N | Y |
Configurable user signature image & B2C QR Code | N | Y |
Set voucher as template | N | Y |
Filter enteries on the basis of debit & credit amount in ledger report | N | Y |
Sharing Documents by email | Y | Y |
Switch from one voucher to the other by pressing Function Key | Y | Y |
Total Count of Cencelled Voucher Report | Y | Y |
Duplicate Voucher Numbering Report | Y | Y |
Balance Sheet in vertical view | Y | Y |
Change of period with Shortcut Key | Y | Y |
E-Commerce Report (Supplies made through E-Commerce Operator) | Y | Y |
Voucher type wise different colors | Y | Y |
Option to append existing Bill References | Y | Y |
Master Synchronization last year to new year | Y | Y |
Copy voucher from a different company (F3 shortcut) | Y | N |
Fully configurable Balance sheet and P & L account , Pre defined formats as per Indian & International standards (Schedule VI, IFRS) | N | Y |
Utility & Data Export / Import
Features | Tally Prime | BUSY |
|---|---|---|
Maintain images of users | N | Y |
Query system /SQL query executor with in software | N | Y |
Configurable maximum entries in vouchers | N | Y |
Configurable columnar register | N | Y |
Daily Backup Configuration | N | Y |
Enforce backup of company on exit | N | Y |
Configurable Party Dash Board | N | Y |
Export ledger report with entry wise PDF | N | Y |
Export Screen Report to Google Worksheet | N | Y |
Import Vouchers/Masters from Google Sheet | N | Y |
Import Vouchers/Masters from MS Excel | Y | Y |
Export Reports in Excel, PDF & Google Sheet | Y | Y |
Powerfull Report Filter | Y | Y |
Send SMS and E-mail | Y | Y |
Searching and sorting options for instant reporting | Y | Y |
Exporting TDS Return & TCS Return as per latest FVU Tool | Y | Y |
Tagging of Bill sundry (voucher wise and party wise) | Y | Y |
Export Report in Jpeg Format | Y | N |
Export for Pivot Table (Sales Register/Purchase) | Y | N |
Export sales Voucher (Individual) in Excel as it is | Y | N |
Reports in Web Browser | Y | N |
Import opening references from excel | N | Y |
Enterprise Features
Features | Tally Prime | BUSY |
|---|---|---|
Voucher Rejection | N | Y |
User activity log | N | Y |
Master series group | N | Y |
Message center | N | Y |
Branch management with Branch wise final accounts | Y | Y |
Data synchronization | Y | Y |
Automatic data synchronization between Ho to BO. | Y | Y |
Triggers & Alerts | Y | Y |
Voucher & Master approval | N | Y |
General Features
Features | Tally Prime | Busy |
|---|---|---|
Copy masters and Configuration on Company creation | N | Y |
Create Default GST masters while new Company creation | N | Y |
Favourite/Shortcuts | N | Y |
Re-set admin Password for Company-Data | N | Y |
Event Notification with through Notification App | N | Y |
Master/Voucher images in user’s Google Drive | N | Y |
What's App Integration (Free of Charge) | N | Y |
Recom Plugin (Amazon, Flipkart & Shopify) | N | Y |
What's App Integration | Y | Y |
Voucher Auditing (Voucher Verfication Feature in Tally) | Y | Y |
Voucher Numbering & Voucher Series Capabilites | Y | Y |
Global keys like Ctrl+C and Ctrl+V for Copy/ Paste | Y | Y |
Bulk Master Creation | Y | Y |
Go To feature (ease of navigation from anywhere in the product) | Y | Y |
Data Exchange Platform between 2 Companies (Both Accounting & Inventory Vouchers) | N | Y |
Mobile Features
Features | Tally Prime | BUSY |
|---|---|---|
Create Masters (Party & Item) | N | Y |
Duplicate voucher generation available
| N | Y |
Fetch customer details via GSTIN | N | Y |
Global and voice search functionality | N | Y |
Documents Printing & Sharing with User Signature | N | Y |
View Reports on Mobile App (Day Book, Ledger, Stock, Receivables & Payables etc.) | N | Y |
Approval/Rejection for Masters & Vouchers | N | Y |
Sending Payment Reminder on WhatsApp | N | Y |
Transaction through Mobile App (Quotation, Order, Invoice, Payment & Receipt) | N | Y |
If you are looking for a switch, you’re in good hands. Many small and medium businesses choose BUSY accounting software as their go-to solution. Our dedicated customer success team is here to help you with this smooth transition.
The No. #1 GST Accounting Software for Small & Medium Businesses has an easy-to-use interface and robust billing and accounting software that is preferred for invoicing, financial accounting, reporting, GST/VAT compliance, inventory management, and advanced automation
BUSY accounting software is the most preferred choice for small and medium enterprises (SMEs) because of its comprehensive features that streamline financial management processes. The software’s user-friendly interface and intuitive design allow business owners and accountants to efficiently handle various accounting tasks, including invoicing, expense tracking, and inventory management, even without prior accounting knowledge.
Conclusion
Moreover, it offers robust security measures to safeguard sensitive financial information. Its scalability allows SMEs to adapt and expand as their business proliferates. Additionally, BUSY’s cost-effectiveness compared to traditional accounting methods makes it a budget-friendly solution for SMEs, providing an excellent return on investment. With its stellar reputation for reliability and ongoing customer support, BUSY accounting software remains the top choice for small and medium enterprises seeking efficient, accurate, and hassle-free financial management.
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