For the smooth running of the business, companies are always in search of great inventory accounting software. In the field, Tally Prime and Tranzact are the two names that are mostly used. But there is still confusion on TranZact vs TallyPrime and which one to choose.
Both the software are used for accounting purposes but have unique needs. TallyPrime is used by SMEs, whereas TranZact is specially designed for the Indian SME manufacturing and trading industry. In this article, we have compared both the software in various aspects to provide you with a better choice.
About TallyPrime
TallyPrime is an accounting software designed for different types of business. These businesses may include SMEs and large enterprises.
- This accounting system allows administrators to effectively inventory management.
- They can easily handle multiple price lists of a product and set up discount rates.
- They can manage various compliance, invoicing, cost control, and cost analysis.
About Tranzact Inventory
TranZact is one of the best inventory management software specially designed for Indian SME manufacturersand traders. It helps to digitize the entire business from selling inquiry to dispatch. It also integrates with Tally to streamline the accounting process. TranZact can help enterprises to manage their core business with some amazing features.
- The customers can keep records of sales and purchased goods.
- They can also monitor the inventory and have effective material resource planning (MRP).
- The system helps to send online quotations, effective production planning, and generate GST invoices.
Features
TallyPrime is an accounting software that helps to streamline your financial process. It provides all the features that you need for the smooth functioning of your business. As we compare TranZact vs TallyPrime, Tranzact is an overall business solution. You also get tally integration into it, which makes your accounting process easy. Apart from these, here are some of the differences of TallyPrime vs Tranzact prices based on their features.
| Features | TranZact | TallyPrime |
|---|---|---|
| Software Features | Business dashboards Received and payments management Order management GST invoicing RFQ and Quote Comparison Payment reminder Multiple level billing Measuring inventory level Production planning Multiple warehouse management Material requirement planning Purchase status | Accounting Invoicing E-ways billing Inventory management Payroll management Sales and purchase management Reporting Banking GST Cash flow management Data exchange |
| Support Platforms | SaaS (Software as a Service) iPhone Android Chromebook | Windows |
| Customer Support Available | Phone Online Knowledge base Video tutorial | Phone Online Knowledge base Video tutorial |
Difference between TallyPrime and TranZact
| TranZact | TallyPrime |
|---|---|
| TranZact helps with the documentation necessary for accounting. | TallyPrime offers accounting operations that are crucial for any company. |
| TranZact features help you to track all the business activities from enquiries to dispatch. | Tally provides the financial report required for different purposes in business. |
| TranZact provides a user-friendly dashboard that the business owner can easily access. | TallyPrime usually requires financial professionals to handle it. |
| TranZact is a cloud-based software that can be accessed through various devices that support internet connection. | TallyPrime is only supported in LAN networks for multiple users. |
| You can get Tally, WhatsApp, Zoho, and other applications integrated into your TranZact account. | No API integration is available in TallyPrime. |
Price
While comparing the price between TranZact vs TallyPrime, TranZact is more expensive. But wait for a second and look at our comparison section before making your decision. Here, we have compared both software based on their prices.
TranZact
In the comparison of TallyPrime Management Software Vs TranZact, TranZact also offers a free trial. In addition to this, the company offers three plans:
- Inventory Plan: Tranzact offers a monthly subscription plan, which costs INR 3299, including 18% GST. Here, you get all the basic accounting features. But you can’t analyze production planning.
- Production Plan: The next is the production plan, which holds the operation related to production. TranZact production plan costs INR 6499, which includes 18% GST for a monthly subscription. Here, some features are missing, like barcode technology, customized reporting, payout, and collections.
- Ultimate Plan: Last is the ultimate plan that holds all the services to run your business effectively. The TranZact pricing for ultimate is INR 22,499 with 18% GST for a monthly subscription. It includes all the basic accounting features, including advanced services that help you handle your business like a pro.
TallyPrime
TallyPrime offers a free trial where you get basic accounting features. Other than a free trial, the company offer two plans.
- TallyPrime Sliver: It comes with a user edition that can be operated using one system. TallyPrime price of the silver edition is INR 18,000, which includes 18% GST. This GST amount becomes INR 3,240, and on adding the cost of software, becomes INR 21,240
- TallyPrime Gold: This edition offers unlimited multi-user support on a LAN environment. The TallyPrime Gold cost INR 54,000, including 18% GST, which is INR 9,720. In this case, the total cost of the software is INR 63,720.
TranZact vs TallyPrime: What’s better?
Both software have their benefits respective to their industry. Telly is best for the organization that deals with large inventory. But as we compare TranZact vs TallyPrime, TranZact is more beneficial. TranZact is specially made for the Indiand SME manufacturing and trading businesses and allows the management of the production inventory too. If you want a solution that streamlines our production line, then TranZact is the best.
TranZact Vs TallyPrime FAQs
Q1. Which version of Tally is best for business?
TallyPrime offers advanced features like cloud integration and user-friendly access. This feature makes it the best version for businesses.
Q2. What are the drawbacks of using TallyPrime?
Following are the shortcoming of TallyPrime.
- Complex to use for beginners
- Offer less data security
- Single window software
- Not ideal for remote access
- No API integration
Q3. How is TranZact useful for small businesses?
TranZact is especially made for Indian SME manufacturers and traders. It:
- helps to manage inventory effectively
- simplifies inventory management with inventory overview, real-time monitoring, and automation.
- offers various inventory management systems
- integrates various APIs, like Tally
- Is designed to scale with your business
Q4. What is the difference between ERP and accounting software?
Accounting software helps in managing and automating financial activities. ERP software is a CRM solution that helps in managing the whole business, including accounts.
Q5. Is TranZact an accounting software?
TranZact is an easy-to-use ERP software especially made for Indian SME manufacturers and traders that helps with inventory management. TranZact is a free forever, integrates with accounting softwares, and offers 24x7 lifetime support.
