Introduction to Tally Software
Tally is business software that helps businesses manage their financial accounts including sales, purchases, expenses, and payments and other critical business functions. Tally has accounting and inventory reporting along with drill-down reports and certain MIS reports.
Normally users would download data from tally and prepare the MIS reports and dashboards manually in spreadsheets like MS Excel.
Introduction to Power BI
Power BI is a business analytics service provided by Microsoft. It provides interactive visualizations with self-service business intelligence capabilities, where end users can create reports and dashboards by themselves, without having to depend on information technology staff or database administrators.
For automated reporting and dashboards it is important to have flexible layouts which the user can orient according to his needs. Further a business also needs dashboards with interactivity to visualize and analyse the data generated from Tally.
EasyReports has a data sync application called Tally Connector which automatically imports data both on schedule and on demand to a SQL Server database. The database has masters, transactions and stock data. Views are also provided in the database for one to create
Using the Tally connector, one can import tally data into a database which is connected to Power BI visualization engine.
The Process:
Step 1: Tally data is imported in the SQL Database.
Step 2: Power BI gets connected to the SQL Database.
Step 3: Write SQL queries or use the pre-existing views to import data into Power BI
Step 4: Design your dashboards and reports
Automation of Reporting
With PowerBI you can create dashboards and reports on various aspects of your Tally data such as Sales, Purchase, Customer, Vendor, Cost Centre, etc.
The idea behind the reports and dashboards is that users do not need to manually run reports, download the data into excel and then prepare the information they need. Further PowerBI provides interactivity with the data so that the user does not need to run the report multiple times with different filter, e.g. if you are viewing a customer dashboard then selecting a customer will show sales, ageing, outstanding, etc. for that customer. Similar in a sales dashboard selecting a salesperson or item will show performance for that salesperson or item.
Dashboards can also be used to drill down to transaction level data which again reduces manual effort in checking details through different reports from a high level report.
To automate reporting in Tally with Power BI, schedule a call with us or visit our Website https://www.easyreports.in/PowerBI