Tally is a complete Enterprise Resource Planning system with a excellent grip in accounting features. Although it has many more core features that a business requires but its hold in accounting is truly commendable. Therefore it is known more for accounting rather than any other of its features.
If I have to mention a single software for a business need even if the business is just starting out, Tally is the one which I would recommend.
The reason for this recommendation is because Tally does all the things that a business at a time of starting up requires.
For example, if you are starting out a general store, what would you require?
1.Accounting
2.Billing
3.Sales and profit analysis
4.Banking
5.Inventory
6.Taxation (VAT, TDS, TCS)
I have brainstormed the needs of a newly opened general store which are all covered by Tally. There are more functions than this like Audit, Payroll, Manufacturing and so on which if needed can be used.
TALLY