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Tally Academy News Letter Date: 01 July, 2011

Banking

Banking Banking in Tally ERP 9 Rel 3 onwards


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 . ...

More about Banking Module...

Whats New In Tally?

Tally.ERP 9 Series A Release 3.2

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

Tally.ERP 9 is the latest offering of the Tally software series. As with all Tally products, rapid updates are made available for the lifetime of the product via periodic releases, thereby providing the high level of business capability that millions of users trust. Highlights include a very light product footprint, immediate access to new features and enhancements, easy data migration and more.

Major Enhancement of this release are listed below :

  • Banking
  • Final Accounts
  • Service Tax

 

The highlights of this release are listed below :

  • Facility to record Working Notes and generate Audit Working Papers
  • Track Transactions on Holidays & Weekly Offs
  • Inter Bank Transfers Visibility
  • Tracking for Unadjusted Advances
  • Checklist of Accounting Standard (AS) Compliance
  • Schedule VI format of Balance Sheet and Profit & Loss A/c. as per Companies Act.
  • The Style of Date ‘DD/MM/YYYY' has been provided for Printing Cheques, as per the NPCI format.

More about Release ...

Available new stat 144 from 27th June, 2011

New Stat.900 Version is available free for existing Tally.ERP 9 users
Major Enhancement are :

Value Added Tax

Nagaland

Adhering to the Notification, the following new VAT/Tax Classifications are introduced for 4.75% and 13.25% VAT rates :

  • Purchases @ 4.75% / Input VAT @ 4.75%
  • Purchases @ 13.25% / Input VAT @ 13.25%
  • Purchases – Capital Goods @ 4.75%
  • Purchases – Capital Goods @ 13.25%
  • Sales @ 4.75% / Output VAT @ 4.75%
  • Sales @ 13.25% / Output VAT @ 13.25%

Punjab

The functionality is enhanced to capture the value of entries recorded using the VAT/Tax class – Consignment/Branch Transfer Outward (Within State) and Consignment/Branch Transfer Inward (Within State) in physical and e-VAT – Form VAT 15 and Form VAT 20.

More about Stat ...

Schedule VI Balance Sheet

Schedule VI format of Balance Sheet as per Companies Act :

Features:

  • Can be generated with a single click
  • Can be further regrouped as required (User defined)
  • Export to Excel for further formatting if required.
  • Generation of Schedules
more about this ...

Income from Salaries

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.

 

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
more about this ...

Deposit Slip in Tally ERP 9

The Deposit Slip option in the Banking menu allows the user to generate the deposit slip for payments received through cheque/dd which need to be deposited into the bank.
  • Go to Gateway of Tally > Banking > Deposit Slip. .
  • The Select Bank screen displaying the List of Bank
  • Select the required Bank account and press Enter.
  • The Deposit Slip screen of the selected Bank is displayed
  • Click Print or Press Alt+P
  • The Deposit Slip will display
more about this ...

Payment Advice in Tally ERP 9

The Payment Advice option in the Banking menu allows the user to generate the payment advice sent to the suppliers / other parties along with the cheques/other instruments :
  • Go to Gateway of Tally > Banking >Payment Advice
  • Select the required Ledger and press Enter
  • The Payment Advice screen displays the payment list of the selected ledger
  • F2: Period: Allows to change the period
  • Click Print or Press Alt+P
  • The Payment Advice will display
more about this...
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