Cloud Computing and Cloud Accounting: A Closer View Towards Better Future

Cloud-based accounting works by utilizing secure electronic programming to assist with smoothing out business processes. With cloud-based programming, an organization doesn't need to set up individual work areas with programming since everybody in the organization can get to the cloud on their own gadgets. This makes such applications cost-effective and highly used accounting tools. This paper outlines the benefits and popularity of Tally as an effective accounting tool.

State-wise Tally-Search-interest on Google from 2004 to Present
Source: Google Trends
This can be used as the proxy for the Tally learner/users across different states. Gujarat, Tamil Nadu, Maharashtra, Karnataka, and Chatiishgarh have higher Tally search interest between 2004 and 2024.

Cloud Computing

Cloud computing is the on-demand availability of computer frame resources, data volume, and recording capacity, without direct management by the user. Distributed computing has a rich history that goes back to the 1960s, with the underlying ideas of time-sharing becoming promoted through remote work passage (RJE). The "server farm" model, where clients submitted positions to administrators to run on centralized computers, was dominatingly utilized during this period. Distributed computing depends on the sharing of assets to accomplish cognizance and regularly involves a pay-more-only-as-costs-arise model, which can help in reducing capital costs yet may likewise prompt unforeseen working costs for clients.

Objectives 

To investigate whether the company “Cyborg Net Solutions” is performing better in terms of sales and renewals of tally ERP year-wise. And to find out which software is best and what are their benefits.

Methodology 

I have collected primary data for Cyborg Net Solutions in Faridabad Haryana for the past 9 years which is engaged in Tally services and tally subscription renewal. This will show the growth of the company and its potential to grow in the market.

About the Tally ERP 9 

Tally is an ERP bookkeeping programming bundle utilized for recording the everyday business information of an organization. The most recent variant of tally is tally ERP 9.

The following are some important features of Tally.

a. Tally ERP 9 is called multi-lingual Tally programming. Records can be kept up within one language and reports can be seen in another language.

b. One can keep up with accounts of up to 99,999 organizations.

c. Utilizing finance highlight, one can computerize representative records.

d. Tally has the component of synchronization, the exchanges kept up within different areas of workplaces can be consequently refreshed.

e. Create merged budget reports according to the prerequisites of the organization.

Alternative Applications

BUSY: Busy is a coordinate billing and accounting software for micro, small, and medium ventures. It is easy-to-use, capable, and versatile as per your commerce needs. Active Program is additionally accessible on Desktop, Cloud, and other apps. Cloud accounting software offers different points of interest and drawbacks, depending on the particular needs and settings of the client.

MARG: MARG Accounting Software is designed to streamline accounting processes for businesses of various sizes, particularly in India. It offers features such as inventory management, financial reporting, GST compliance, invoicing, and payroll management.

ZOHO: Zoho Book provides a range of features for managing finances, including invoicing, expense tracking, bank reconciliation, financial reporting, and inventory management. It is accessible via web browsers and mobile apps, offering users the flexibility to manage their finances from anywhere with an internet connection.

Despite increased competition, Tally remains a highly trusted and used accounting application across India.

The following Table shows the advantages and disadvantages of various accounting applications:

Features	Tally	Marg	Busy	Zoho books
Deployment	Offline	Offline	Offline	Online
Suitable for sectors	Trader, trader	Trader and service provider	Trader service provides and manufacture	Trader and service provider
AcTallying concepts	Indian	Indian	Indian	USA
Pricing	21000+	8900+	7200	2950/YEAR
Multi-users	Separate version 65000+	Available	Separate version 37000+	Available
Data backup	Manual	Manual	Manual	Available
Inventory management	Available	Available	Available	Available
No. of partner companies	6000000+	1000000	600000+	1489

The trend of sales and renewal of Tally 

Primary data on the sales and renewal of existing subscriptions of Tally has been collected from "Cyborg Net Solutions", Faridabad. It is an IT solution and service provider company. Data from 2015-16 to 2023-24 is presented in the following data and graph.

YEAR	SALE OF TALLY ERP 9	TSS( renew)
2015-16	2700000	3250000
2016-17	3240000	3900000
2017-18	12960000	15600000
2018-19	3706000	3519000
2019-20	4360000	4140000
2020-21	4160000	5300000
2021-22	4,320000	5676000
2022-23	5100000	6300000
2023-24(upto 31 January2024)	54000000

Data Source: Primary data from Cyborg Net Solutions  by the Author
"tss" represents subscription renewal
"sales of Tally" represents new sales

Data for 2015 to 2017 is before GST and data from  2017 to 2023 is after GST.  we can see from the graph that the highest sale was in 2017-18 because of the introduction of GST on 1st July 2017. There is a complication in invoice billing and companies switched over to software billing that’s why there is a rise in sales of tally.  In 2018-19 people didn’t buy Tally ERP because they already bought it and the sales were almost stable and there was no need in the market and there was a stagnant growth in sales of tally and tally renewal subscriptions. In 2019-20 there was a slight growth in the business trend. In 2020-2021 there was an increase in tally subscription renewal. The sales in 2020-21 and 2021-22 were maintained due to covid 19.  The growth was stagnant at that time. Although there was stagnant growth Tally renewal subscriptions were increasing significantly. In 2022-23 also the sales of tally increased but Tally renewal subscriptions significantly as is evident from the graph. In 2023-24 E-invoicing was made compulsory for sales above five crores so there is significant growth in this financial year. The growing need for digital financial accounting and changing legal framework are helping cloud accounting and cloud computing boom in India.

R code for graph: Packages used- rayshader, ggplot2 and diva-gis(for map data)

p13 <- ggplot(full_df)

p13 <- p13 + geom_sf(aes(col=Tally_search))

p13<- p13 + geom_point(aes(x=lon,y=lat,col=Tally_search_interest))

p13 <- p13 + geom_sf_text(aes(label = NAME_1), size = 1, color = 'black')

p13 <- p13 + scale_fill_viridis_d()

par(mfrow = c(1, 2))

plot_gg(p13, width = 5.5, raytrace = TRUE, preview = TRUE)

plot_gg(p13, width = 5.5 ,multicore = TRUE, windowsize = c(1200, 1000), 

        zoom = 1.3, phi = 3, theta = 3, sunangle = 225, soliddepth = 0)

By 

Divneet Kaur Ahuja, M.A Economics (2022-2024), School of Behavioural and Social Science (SBSS), Manav Rachna International Institute of Research and Studies (MRIIRS), Faridabad, Haryana. divneetahuja01@gmail.com