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

Highlights of Banking include:

• Multiple instrument and Mode of Transaction details in single voucher
• Instrument-wise reconciliation
• Cash balance
• Opening BRS
• Cheque printing configuration with Preview
• Multiple cheque printing/capture
• Payment advice printing
• Deposit slips printing

Benefits :

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

For download the pdf file click here (more in details)

With Cash Flow statement at work, the owners and managers of the business find it easier to take decisions on Bank loans, negotiate credit limits, plan for capital investments and much more. Using Cash Flow statements is one simple method of ensuring the financial health of the business.

Highlights of the Cash Flow statement include:

• Ageing of payments
• Ageing of receipts
• Cash balance
• Committed payments
• Day-wise cash position
• Exception reports
• Interest calculation on over-dues

Benefits :

• Predicting cash flow
• Financial planning/forecasting
• Financial health of business
• Show cash position to Financial Institutions
• Capital investment requirements/judgement
• Setting credit limits for parties
• Bank loans
• Optimising cost of finance

How to do in Tally ERP 9 Rel 3 :

• Gateway of Tally > Display > Cash/Funds Flow > Cash Flow Projection

For download the pps file click here (more in details)

With the powerful facility in Tally.ERP 9, users can generate as many Labels as required, and do so as per their business’ nomenclature. This facility allows them to choose Labels like ‘Godown’ or ‘Warehouse’ or ‘Branch (South)’ apart from Head Office, Corporate Office etc., with corresponding details for each. Then, the user simply selects the appropriate Label from the list and the full address gets inserted in the Invoice. Multiple Addresses facility is extremely useful when Companies have multiple offices.

How to do in Tally ERP 9 Rel 3 :

• Enable Multi-Address
• Use Multi-Address in Ledgers
• Print Multi-Address in Reports

For download the pps file click here (more in details)

Income Tax is Personal Again

Tally.ERP.9 brings businesses a complete Personal Income Tax calculation. This simple to configure and run programme handles Tax calculation on the basis of Payroll/ Expenses Voucher entered and declarations made by the employee.

This exciting feature makes it possible to generate the income tax computation sheet and IT Returns and mail it to employees, In addition, it will provide quarterly and yearly returns. With the Income Tax feature, calculating tax and submitting returns are made easy for both the organisation as well as the employee.

Highlights of the Income Tax feature include:

• Simple to configure
• Predefined Rules set by Income Tax Dept. will be updated as and  when rules are changed
• Offers a manual override
• Hides complexity
• IT Returns come filled
• Provides Forms 16, 16AA, 12BA plus quarterly 24Q and yearly 24 in hard copy plus ‘e’ formats

Benefits:

• Accuracy
• Speed
• Reduced paperwork
• Reduced manual entries hence less errors and better productivity
• All returns handled from computation to returns

Brand Your Reports And Documents With Your Company’s Unique Identity

Print logos on your business invoices and reports with the Image Printing facility in Tally.ERP 9 Series A Release 3.0. Print images stored in BMP or JPEG formats. It is completely simple and can add finesse to any outgoing documents.

Benefits:

• Easy identification
• Different logos for different companies
• Professional look
• Saves printing costs

For download the Tally ERP 9 Rel 3.o click here

India’s new currency symbol brings it into an exclusive international club of 8 countries with their unique symbols. Tally.ERP 9 Series A Release 3.0 allows you to use the new symbol for your business, integrating it with all documents. Go ahead…being proud of being Indian is the Tally way too.

Benefits:

• Professional look on documents
• Ease of dealing with multiple currencies
• Quick recognition of Currency

For download the Tally ERP 9 Rel 3.o click here

The new Tally.ERP 9 Release 3.0 is available now!

FREE for all users of Tally.ERP 9.*

Little things in Tally.ERP 9 Release 3.0 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.

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

Tally was there at last year’s C-Change held at the Goa Marriott. Our presentation titled “Collaborate & Grow” painted a strategic Supply Chain Management story that would help the enterprise CIO take his or her Company to the next level.

In this C-Change we’ll be bringing you predictive means of going beyond technology challenges beginning from the philosophical stages of Design, to demonstrate how technology agnosticism will:

• Improve usability
• Reduce noise
• Boost collaboration
• Enhance intelligence

Tally Representation

The Tally team will be headed by Shoaib Ahmed-President, and can be engaged with at the Tally stall or at the networking sessions arranged during the event.

Agenda

About C-Change

CIOL and Dataquest present the Eighth Business Technology Forum, C-Change 2011. This Annual forum creates a platform that brings together the top 100 CIOs and business leaders for a peer to peer interaction, learning and knowledge sharing about technology from business perspective.

2011 edition of C Change will focus on accelerated change for those CIOs who can bring to the enterprise a new strength repertoire by creating new values and collaborating with newer partnerships and technologies click here for more…

Interstate Sales Against Form C

Go to Gateway of Tally > Accounting Vouchers > F8: Sales

1. Select As Invoice
2. Enter the reference in the Ref. field, if required
3. Select the Party’s A/c Name from the List of Ledger Accounts
4. Select the Sales Ledger with the VAT/Tax class –  Interstate Sales @ 2% Against Form C.
5. On selecting the Sales Ledger, the VAT/Tax Class appears accordingly. In case the VAT/Tax Class is not defined in the master, select Interstate Sales @ 2% Against Form C from the VAT/Tax Class list.
6. Select the Name of Item from the List of Items.
7. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field.
8. Select the CST ledger grouped under Duties & Taxes with Type of Duty/Tax as CST and VAT/Tax Class – CST @ 2% from the List of Ledger Accounts. The amount of CST is automatically calculated on the assessable value.
9. Select Form C as Form to Receive, if applicable.



10. The Form number and Date fields will be displayed on selecting the Form to Receive from the Form Types list.
11. Enter the Form number and Date if available for the Form selected
12. Set Show Statutory Details field to No
13. Enter Narration if required



14. Press Enter to accept and save.

When we raise an invoice to our client, on which our client is requires to deduct TDS and pays the balance amount to us. The amount so deducted by our client, he is liable to pay it to the Income Tax department within first week of next month, hence its a receivable for us which we have to claim from the Income Tax Department and not from our client.

Now, we will see how to handle this situation in Accounts and Tally ERP 9 ?

Suppose we  have issue a bill of Rs. 80000 on which Customer deducted TDS of Rs. 800 and pays you Rs. 79200 back to us. Then the entry in your books will be as under :

( This ledger should be open under the Group Loans & Advances (Asset))

The result will be that your customer a/c will be settled off and the TDS amount will be shown as receivable in the Balance sheet which we have to claim from the Income Tax department. We will get Form No. 16A From our client in this regard in support of our claim.