Start simple: income, expenses, HST. Incorporate or take on a partner, and the same ledger grows into owner's equity and retained earnings. Flip the switch.
A freelancer or side business. Track income and expenses, keep receipts, and get a clean year-end. No share math needed.
Build a branded, multi-line invoice with live totals and GST/HST, email the PDF in one tap, and watch it move Draft to Sent to Paid. Only paid invoices become income; the rest wait in Outstanding.
For incorporated businesses with co-owners, Tally keeps each partner's ownership share, contributions, draws, and retained earnings, so equity is always current and any money owed between partners is one clear number.
Log business costs against real categories, attach the receipt, and let Tally track the HST you paid (your input tax credits). Come tax time, the deductions are already itemized. No shoebox, no guessing.
At year-end Tally produces a signed income statement (revenue, expenses, HST, net) and, for incorporated businesses, each owner's share of earnings. Formatted letterhead, sequentially numbered, emailed to every partner.
Free to start · runs on your Google account · your data never leaves your Drive.