An analysis of accounting practice and financial management using TallyPrime in Bangladesh

Abstract

This study investigates the accounting practice and financial management using TallyPrime in Bangladesh. As digitalization has increasing in financial operation, the accounting software is essential for accounting practice and financial management. The core objective of this study is to analyze the accounting practice and financial management using TallyPrime in Bangladesh. This study also has some specific objective such as analyzing the present state, examining the effectiveness and adoption, describing the benefits and limitation, evaluating the impact and making some recommendation for accounting practice and financial management using TallyPrime in Bangladesh. This study follows a mixed methods approach, the combination of qualitative and quantitative approaches. The qualitative insights collected from interviews with accounts professionals and self-job experience. The quantitative insights collected from the websites, journal, research paper, books, articles, reports and publications. The findings shows that TallyPrime has significant adoption, key features, huge positive impact, challenges and limitation for accounting practice and financial management in Bangladesh. Additionally, this study highlights the impact of TallyPrime accounting software in accounting practice and financial management such as accurate financial records, simplified accounting process, real-time financial data access, improve financial control and reporting, regulatory compliance and scalability and customization. This study concludes with the recommendation.