Available new stat 140 from 28th April, 2011

New Stat.900 Version is available free for existing Tally User
Major Enhancement are :

Payroll

  • For Payroll Income Tax, the printable copies of the Quarterly Returns – Form 24Q and Annexure I and Annexure II are provided.

Service Tax

  • As per Amendment in the CENVAT Credit (Third Amendment) Rules, 2011 Service Tax Input Credit against the Purchase Bills can be availed even if the payment is not made to the Service provider w.e.f 1-4-2011 (applicable only for the service bills raised after 1-4-2011). However if the payment is not made to the service provider within 3 months then, the Service tax credit utilised has to be reversed.
    To reverse the Utilised Input Credit a New flag – Reversal of Utilised Input Credit has been provided in Journal Voucher.
  • Adhering to the Notification, the following Two new Service Categories have been provided effective from May 1, 2011:
  1. Restaurant Service
  2. Short Term Accommodation Service (Hotel, Inn, Etc.)

Value Added Tax

Haryana

  • The Form VAT C4 is enhanced as per latest statutory requirements

Rajasthan

  • The revised Form VAT 10 is provided as per the statutory requirement

Maharashtra

  • In STO Address field of Company VAT Details screen, Raigad and Bhandara are added to the list of STO Address

Release details of Stat900 version 140 (PDF file)

Download Stat 140

Tally.ERP 9 Series A Release 3.1, 28th April 2011

The new Tally.ERP 9 Release 3.1 is available now!

FREE for all users of Tally.ERP 9.*

Little things in Tally.ERP 9 Release 3.1 enable you to do much more…and impact your business positively. A Bank allocation feature that eases transactions and processing. Or the feature that lets you settle your pending Bills from the outstandings report. Others that let you close your dangling accounts, or boost your business’ image by adding your company logo to invoices.

Major Enhancement :

Accounting Reports : While generating Columnar reports, under Columnar Register Alteration screen, the option Show Item Value is provided to show the value of items in a separate column

Bank Reconciliation Statement : In BRS, the Bank date column is provided in Printout for the Vouchers where the Reconciled date was above the Current Period

Excise for Dealers : To avoid duplication of RG 23D Entry No in Excise Purchase Voucher, a warning message RG 23D Entry No has been used earlier is provided in Excise details screen.

Excise for Manufacturers : In the Excise Exempt Sales Invoice print out for the Duty Amounts in Words field, the duty amount will be printed as Nil (Exempted Sales)

Inventory Masters : In Logical Migration Alt+Ctrl+M, a new Module All Masters has been introduced to Migrate the Item Masters and Voucher Class.

And more……

The highlights of this release are listed below.

  • Rupee Symbol
  • Image Printing
  • Banking
  • Tally Marketplace
  • Bill Settlement from outstanding
  • Pre-Closure of Orders
  • Receipts & Payments Reports
  • Job Work In/Out
  • Income Tax for Salaries
  • Cash flow projection statement
  • Multiple addresses for company and ledger masters
  • Tally in Arabic

Tally.ERP 9 Feature Summary:

  • Quick to install and allows incremental implementation
  • Easy to customise
  • Powerful remote capabilities to boost collaboration
  • Audit & compliance services
  • Integrated support centre
  • Security management
  • Statutory processes
  • Manufacturer’s excise
  • Payroll

Click here for release notes

Click here for download

What is Banking in Tally ERP 9

Often, transactions could run into thousands per month for even a small business. Business managers get a real boost from this new functionality built into Tally.ERP 9 Release 3.0. In fact, it’s so powerful and all-encompassing that Banking is assigned its own New Section within the product.

Just what every business needs, the Bank allocation feature brings everyday bank- related chores right to your fingertips and eases transactions and processing.

Highlights:

Multiple instrument and Mode of Transaction details in single voucher

The new Banking feature allows you to record and monitor multiple transactions in a single voucher. Also, while the old system only captured the dates of transactions, this feature allows the monitoring of transactions by Amount, Date, Instrument Number or modes (like NEFT, Cheque, DD, etc.), thereby conveying a more complete picture. The ability to identify payment modes in the system and separate dates for each instrument eases bank reconciliation.

Instrument-wise reconciliation

Reconciliation can be done for each instrument rather than the entire voucher. The instrument details (number, date, etc.) are displayed for easier reconciliation.

In case of unseen transactions such as Bank charges, interest paid etc., these can be captured in a new voucher without discarding the BRS (Bank Reconciliation Statement) in progress. Further, existing vouchers can be altered in case of any discrepancy found during reconciliation.

Opening BRS

The new Banking feature allows the manual recording or automatic carrying forward of the un-reconciled bank transactions from the current year to the subsequent year (as Opening BRS). These can then be reconciled in the subsequent year.

Cheque printing configuration with Preview

Enhanced cheque printing configuration with print preview to reduce wastage. Further it has been simplified to copy measurements from previous configurations.

Multiple cheque printing/capture

A separate “Cheque Printing” report (in the Banking section) has been introduced to enable multiple cheque printing with ease. Also, know if a cheque has been printed or not by a simple Yes or No against each cheque.

Also, since it is sometimes not possible to know which Amount/Favouring Name is going to be printed on which cheque leaf, cheque details can also be recorded after printing.

Payment advice printing

A system-generated payment advice (covering letter for payments) can be printed for a single or multiple vouchers.

Deposit slips printing

Deposit slips can be printed for a single or multiple cheques, further simplifying Banking transactions.

Benefits:

  • Saves time
  • Reduces errors
  • Simplifies banking
  • Improves productivity
  • Improves traceability

Why upgrade to Tally.ERP 9?

Following are some of the reasons why you should upgrade to Tally.ERP 9:

Tally.ERP 9 can handle more transaction capacity per day with greater speed. Technological advancements will allow you to do more with lesser time. Availability of information in real time helps you and your business teams to make decisions quicker. Save time and cost involved in continuous compliance by receiving expert advice from your Chartered Accountant on demand.

Tally.NET

This technology powers the following capabilities through the Internet and also delivers a variety of special services to help your business:

  • Remote Access
  • Control Centre
  • Integrated Support Centre

Payroll

Payroll module has been enhanced to help you compute your company’s pay slips, arrears calculations, ad-hoc payments, leave encashments, reimbursements and management of taxes more efficiently. You can also manage all salary deductions, including Provident Fund through the enhanced payroll module of Tally.ERP 9.

Payroll Statutory Reports
Almost all the PF, ESI and Professional Tax forms and reports that are needed to be submitted to the authorities are now available in Tally.ERP 9.

Statutory

The powerful compliance features of Tally.ERP 9 simplify tax computing, information maintenance and generation of returns and forms. State specific Value Added Tax, Tax Deducted at Source, Service Tax, Excise for Manufacturer, Excise for Traders and electronic filing of return is made easy with Tally.ERP 9. Corrections of errors or wrong entries can be changed to ensure complete and continuous compliance.

Excise for Manufacturers

Excise for Manufacturer in Tally.ERP 9 can handle statutory and business requirements in a simplified manner.

E-VAT

Tally.ERP 9 now enables you to electronically file your VAT returns, using the Internet.

Direct IP Sync is now free

From Tally.ERP 9 onwards, the Direct Client and Direct Server capability for Synchronization through private network (also referred as IP Sync) is a default feature available in the product. The process for Data Synchronisation remains the same while doing the Sync using Direct -Client and Server capability (or IP Sync).
Tally.ERP 9 gives you the power to synchronise business data between two Tally.ERP 9 single users.

Tally.ERP 9 – Auditors’ Edition

Tally.ERP 9 extends your enterprise further. You can now leverage the deep domain and statutory expertise of the Chartered Accountant community. Your Chartered Accountant, who has installed the Tally.ERP 9 – Auditors’ Edition can access your Tally.ERP 9 data from anywhere, using the remote capability, provided you have given him the permissions to do so. This results in continuous audits so that your company stays continuously compliant, business process outsourcing, receivable and payable support, sales force augmentation, business process optimization and so on… opening up your business to take advantage of the many advisory & profesional services that can now be remotely offered at affordable costs.

  • DataAnalysis
  • Auditing
  • Financial Statements

For more details click here

Process to move Tally ERP 9 click here