Why MagicERP Exceeds Tally ERP 9 GST in Functionality and Features for SMEs

When discussing the suitability of accounting software for SME manufacturing and trading companies, MagicERP stands out as a superior choice compared to Tally ERP 9 GST. In this article, we'll explore why MagicERP is considered the best and highlight its key features that make it more advantageous for small and medium enterprises.

Core Modules

MagicERP is designed with a comprehensive set of modules that cater to the specific needs of SMEs. The Production Module, Service Module, and Workflows for Approval are just a few of the standout features:

Production Module: MagicERP includes a detailed Production Module that covers various stages such as resources, production plans, production orders, material issues and receipts, and production order reporting. Service Module: This module allows for service inquiries, quotations, orders, and invoices. It also tracks services by parts or quantity, and users can bill accordingly. The module also includes transaction tracking based on service orders. Approval Workflows: MagicERP supports single or multi-level approval processes, ensuring that transactions are reviewed and approved by the relevant managers or supervisors before being finalized.

Security and Flexibility

Security and flexibility are critical aspects of any accounting software. MagicERP excels in this area:

Role-Based Security: MagicERP allows for fine-grained access control. Users can be assigned various rights such as create, edit, view, approve, and amend based on their roles within the organization. Transaction Amendment: Once transactions are approved, they can still be modified as needed, providing a level of flexibility not often seen in other software solutions. Organizational Structure Setup: The software offers a flexible setup for operational units, which can be linked to finance books and legal entities, providing a clear structure for financial and legal reporting.

Inventory and Reporting

Accurate inventory management and detailed reporting are essential for effective business operations:

Inventory Transaction Postings: MagicERP records all inventory movements, including material issued and received for production or services. Email Alerts: Configurable email alerts are an integral part of MagicERP, ensuring that important transactions and approvals are promptly communicated to relevant stakeholders. Analysis Codes: Users can create detailed analysis codes for various reportings, such as fuel expenses, vehicle-wise mobile bills, and mobile number-wise reporting.

Additional Features

MagicERP also includes several additional features that enhance its functionality and user experience:

Unit of Measurement Handling: Users can easily manage different units of measurement for procurement, stocking, and selling. Statutory Details for Location: It captures statutory details for suppliers and customers on a location-by-location basis. Short Closure Transactions: Short closure options for urgent transactions like purchase requests and sales orders. Currency Revaluation: Period-based currency revaluation processes help in calculating unrealized foreign exchange gains or losses. User-Defined Tax Codes: Users can define their own tax, discount, and levy codes, as well as group TDLs for customized reporting.

Overall, MagicERP provides a robust and feature-rich solution for SMEs looking to streamline their accounting and management processes. Its advanced features, ease of use, and flexibility make it stand out as a superior alternative to Tally ERP 9 GST for SMEs in manufacturing and trading industries.

Conclusion

MagicERP's comprehensive modules, role-based security, flexible organizational structures, and detailed reporting capabilities make it a standout solution for SMEs in manufacturing and trading. Its advanced features and user-friendly design are designed to improve efficiency and accuracy, ensuring businesses can focus on growth and innovation rather than complex manual processes.