Step 1: Clarify the specific business need.
The question asks for software used in accounting and financial management, which involves tasks like recording journal entries, preparing ledgers, tracking inventory, managing payroll, and generating balance sheets and tax reports.
Step 2: Evaluate option (A) - Photoshop.
Adobe Photoshop is a raster graphics and image editing application used by photographers and graphic designers. It has no financial or accounting features and is irrelevant to this context.
Step 3: Evaluate option (C) - AutoCAD.
AutoCAD is a Computer-Aided Design tool used by architects, civil engineers, and product designers to create precision 2D drawings and 3D models. It serves design, not finance.
Step 4: Evaluate option (D) - Canva.
Canva is a web-based visual design platform used for creating presentations, social media graphics, and marketing materials. It has no accounting capabilities.
Step 5: Evaluate option (B) - Tally.
Tally is a widely used business accounting and ERP software package, especially in India. It handles accounts payable and receivable, ledgers, bank reconciliation, payroll, inventory management, GST returns, and financial reporting with ease.
Step 6: Confirm the correct choice.
Tally is specifically purpose-built for accounting and financial management, making it the correct answer for businesses that need to handle financial data systematically.
\[ \boxed{ \text{Tally} } \]