Tally has included LBT in the Tally ERP 9 Release 4.61.
With this enhancement users can :
- Print own LBT number and declaration on sales invoices
- Print buyers LBT number on Sales invoices.
Tally has included LBT in the Tally ERP 9 Release 4.61.
With this enhancement users can :
In a live audit scenario, Auditors have to manually record their comments. The Audit Working Paper (AWP) feature in Tally.ERP 9 Auditors’ Edition eliminates this manual-entry.
Auditors can now check for transactions which are entered by the client on holidays (weekly offs- viz., Sunday & National/State/Bank Holidays).
This feature provides visibility to fund transfers from one Bank to another, allowing the Auditor to investigate frequent instances.
The Unadjusted Advances feature gives an overall report of the status of ledgers having pending advance receivables.
Transactions of any kind can either be consistent or near – consistent over a period of time; they should not fluctuate wildly. This feature allows Auditors to analyse the top High and/or Low ‘X’ (eg: 5 or 10) number of transactions.
This feature in Tally.ERP 9 Auditors’ Edition will help the Auditor track transactions which do not have an opening balance or a closing balance, i.e. balances which are squared off in the financial year.
The Checklist of Accounting Standard (AS) Compliance feature in Tally.ERP 9 Auditors’ Edition lists all the standards as per the Accounting Standards Board (ASB); Auditors can check if their clients comply.
Tally.ERP 9 Auditors’ Edition provides a complete list of Audit & Assurance Standards (AAS). These benchmarks are used to measure the quality and the objectives achieved in audits.
The Percentage Report dashboard in the Auditors’ Edition provides a list of vouchers sampled along with the percentage of the sampling methods adopted for each of them.
Cash Withdrawals and Deposits are scrutinised based on their respective dates recorded in the books. Tally.ERP 9 Auditors’ Edition helps Auditors track and review irregularities in such transactions.
When cheques have not been deposited into the Bank or not cleared within a specified time-frame, they are called Stale Cheques/Instruments. Tally.ERP 9 Auditors’ Edition introduces this feature which lists all such instruments for the purpose of scrutiny by the Auditor.
See the complete release notes here.
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|Whether transacting a sale or a purchase, staff often had difficulty managing the documentation. Sometimes the sale took place from H.O. Then, communications needed to be directed to another office, while the shipment went from a third location such as a warehouse. Each of these steps called for different addresses to be entered in the documents, EACH TIME. It was complicated and led to delays and errors. Further, Statutory filing often called for a different address.Unlimited Labels make life Easier!
Extremely useful when Companies have multiple offices, the powerful Multiple Address facility in Tally.ERP 9 lets you generate as many Labels just the way your business requires. Choose Labels like ‘Godown’ or ‘Warehouse’ or ‘Branch (South)’ apart from H.O., Corporate Office etc., with corresponding details for each. Then, simply select a Label from the list and the full address gets inserted in the Invoice.
|The world’s first concurrent multi-lingual business management software is now available in Arabic.
Tally.ERP 9 works with languages that follow the right to left script. On selecting Arabic as the Display language, Tally.ERP 9 will switch over to the right to left script, retaining all the existing functionalities. This feature immensely benefits users from the countries using Arabic as the official language.
This means business owners and managers can now create or alter masters, post transactions and view reports… in their native language!! This is a big advantage when operators are more conversant with Arabic, while principals and official bodies (such as Banks) require documents to be submitted in English.
While Tally.ERP 9 can now handle Arabic, it still comes with all the advantages of Tally.ERP 9 like Remote login and Edit, Recruitment…
|The Job Work feature supports outsourced ‘jobs’ as well as inward ‘orders’ to businesses such as ancillary units. Solving issues related to inventory tracking and profit assessment, it helps streamline operations: What raw materials need to be shipped to the job worker? How many finished goods are expected and when? How much raw material is lying in the job worker’s factory? How to manage multiple job workers…|
Item Cost Tracking refers to accumulation of costs and revenue for Stock Items across various transactions. The track can be created with any transaction and then referred later in any transaction without needing the link to any master or configuration. Tracking the Procurement cost, Landing cost, Manufacturing or Production cost, Order cost/profit, Job cost/profit…allows analysis of the running cost and profitability of the item. The Item Cost and Profit Tracking feature is also useful in determining the Sale price of finished goods.
In addition, Job Work in Tally.ERP 9 allows:
Tally.ERP 9 Job Work feature allows Inventory tracking against Bill of Materials. Since it is a transaction Bill of Materials, it does not require changing at Item Masters level. It adjusts for external godown conditions when items sit in a job worker’s factory, providing visibility to the stocks held by the business at any time. Similarly, material received from the principal to the job worker can be classified in an Internal Job Work Godown which will not be available for trading. This gives a clear distinction between self-owned goods and the ones supplied by client. When advance payments have been made, the Work Order-wise reports provide a profit/loss dimension showing how much expense is booked. Inventory movement as well as profits can be determined on these transactions by allocating expenses such as travel of executives, shipping, insurance, salary and other overheads related to the Work Order.
|Tally.ERP.9 introduces a complete Personal Income Tax calculation. Simple to configure and run, it calculates Tax on the basis of Payroll/Expenses Vouchers and declarations made by the employee.
This exciting feature makes it possible to generate the Income Tax computation sheet and IT Returns. 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.
|The problem of variation in ordered quantity is common enough. Sometimes, delivered quantities are less than the quantity ordered. Or, the purchase manager might want to stop delivery of further goods after having received part of the order. Pre closure of Orders has been provided in Tally.ERP 9 to close pending orders for perfect MIS reports.
Now, pending orders and order cancellation are no longer issues. With Pre Closure of Orders there’s no need to make additional entries to close orders and no necessity of amending existing orders.
For example, a sales order is made for 100 items and the sales invoice is raised against it with staggered delivery. The first batch of 50 items is delivered, followed by a second of 25. At this stage the buyer decides that he needs only 75 of these items instead of the original quantity of 100. Previously, the seller could not close this deal and the sales order would always be listed under ‘Pending Sales Orders’. Pre Closure of Orders allows such a sales order to be manually closed from the list of ‘Pending Sales Orders’ or from the Voucher, while showing the actual delivery and sale.
|Finding outstandings was difficult enough. On top of that, one had to make payments exactly when they came due. Then, balancing payments so you did not affect your cash flow further complicated matters. Tally.ERP 9 simplifies things with the Bill Settlement from Outstandings report. It lets you settle multiple pending bills for a party with a single click, even pre-filling the amount in the payment or receipt voucher.|
|For non-profit organisations and NGOs, the Receipts and Payments report in Tally.ERP 9 proves ideal. This summary of cash flow (income and expenses) for a period includes Cash at Bank & Bank OD. It begins with the opening cash-in-hand at the start and ends with the closing cash-in-hand. Now, non-trading institutions can track their funds and monitor payouts.|
|OThere are times when you wished for a specific report or a new feature not available in your software. What options did you have? Till now, the only option was for you to have them custom-developed. But, it took time, cost a lot of money and, often, you were not sure of the outcome.Now, our Tally Integrator partners have made life so much easier for you. Get custom reports, features, controls and more –off-the-shelf – from TallyShop. The unique marketplace that is accessible from within Tally.ERP 9 as well as from the web, lets you search, evaluate and buy these add-ons with a few clicks!|