Latest Product Updates Series A

Tally.ERP 9 Series A Release 5.1.2, November, 2015

Posted on by Tally Academy

The new Tally.ERP 9 Release 5.1.2 is available now!

Tally.ERP 9 Release 5 offers you a wide range of product enhancements aimed to make business management far easier and simpler for you. Release 5.1.2 is the latest release under the Tally.ERP 9 Release 5 series and includes the product improvements from Release 5.0.

Please note that Release 5.1.2 is applicable for selected states within India, namely

  • Andhra Pradesh
  • Chandigarh
  • Delhi
  • Gujarat
  • Karnataka
  • Kerala
  • Maharashtra
  • Rajasthan
  • Tamil Nadu
  • Telangana
  • Uttar Pradesh

 

Highlights :

  • Powerful and simplified statutory functionality brings to you the best solution to manage your taxation in the simplest and most efficient manner. Release 5 gives you the experience of a hand-prepared return with intuitive intelligence designed to help you generate 100% accurate returns in a matter of minutes. With Release 5, you enjoy the complete flexibility to configure tax rates and classifications as applicable to your business as well as a simple and easy experience to record transactions. What’s more, it also enables you to save your finalized returns which will help you to either modify them or prepare revised returns as appropriate.New in Release 5.1.2
    Migrate to Tally.ERP 9 release 5.1.2 quickly with the all new Tax Rate Setup tool. Easily view and specify VAT rates and excise tariffs, and start recording transactions in no time at all.  Using the Tax Rate Setup tool ensures maximum productivity in business operations by making the entire process of setting VAT or excise tariff rates effective, and quick.
  • On-Demand Data Synchronization that gives you the ability to share information across your locations in a simple, reliable and secure manner, without the need to be simultaneously connected to each other. This completely eliminates the need for intensive and rigid schedules; delivering the benefit of sheer convenience in your hands. Release 5 takes advantage of the Tally.NET Services for synchronisation of master information as well as transaction data across locations and ensures that creation, modifications and deletions are appropriately updated.
  • Comprehensive post-dated cheque management wherein you can flexibly track and record post-dated cheques which are automatically regularised on the due date. What’s more, you enjoy full visibility of PDCs issued and received along with their real-time accounts; enabling accurate and informed cash planning.
  • Lighter and Swifter Tally.ERP 9 ensuring a highly optimised system memory usage, hassle free and efficient product update experience delivering only those updates which are relevant to you.
  • One click zero-configuration installer that greatly simplifies the installation process and reduces the set-up time so that you are up & running in seconds.
  • Robust Licensing enables multiple users to use the same single user license to access data, one user at a time.
  • Over 2000 product enhancement & issue resolution requests are addressed to further improve the Product Stability and Completeness.

Product Improvement :

Banking

  • The provision to print customer’s copy in cheque deposit slip has been made: The option Print Customer’s Copy Also? has been provided in the Printing Cheque Deposit Slip screen. This option allows the user to print the customer’s copy, if required.
  • Error message was displayed on entering the first digit as 0 for Citi bank in the bank ledger, resolved: In the bank ledger, if Citi Bank was selected in Select your Bank? option, and 0 was entered as the first digit in A/c No. field, an error message was displayed.
  • Reconciled vouchers were being unreconciled when a voucher was altered from Bank Reconciliation screen, resolved: During reconciliation of payments or receipts, the bank date was set for a few vouchers. When the next voucher displayed in the Bank Reconciliation screen was altered, the vouchers previously reconciled reverted to being unreconciled.

Masters

  • Allow inclusive of tax for stock items option in stock item master was disabled automatically, resolved: After enabling the option Allow inclusive of tax for stock items in F12:Configure screen in the stock item master, if the application was closed and reopened, the option was getting disabled. and more….

Reports

  • The option Show Supplementary Details in accounting reports is removed for non-excise and international customers: For non-excise and international customers,  the option Show Supplementary Details in F12: Configure from accounting reports such as Day Book, sales register, purchase register and others is removed.

  • CST on taxable stock items were apportioned to exempt stock items in inventory reports, resolved: In Stock Summary and other inventory reports, the CST value of taxable stock items was being apportioned to exempt stock items, when both taxable and exempt stock items were selected in an interstate purchase invoice. and more….

 And more…

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.ERP 9 Series A Release 5, August, 2015

Posted on by Tally Academy

The new Tally.ERP 9 Release 5 is available now!

Tally.ERP 9 Release 5.0 offers you a wide range of product enhancements aimed to make business management far easier and simpler for you.

Highlights :

  • Powerful and simplified statutory functionality brings to you the best solution to manage your taxation in the simplest and most efficient manner. Release 5.0 gives you the experience of a hand-prepared return with intuitive intelligence designed to help you generate 100% accurate returns in a matter of minutes. With Release 5.0, you enjoy the complete flexibility to configure tax rates and classifications as applicable to your business as well as a simple and easy experience to record transactions. What’s more, it also enables you to save your finalized returns which will help you to either modify them or prepare revised returns as appropriate.
  • On-Demand Data Synchronization that gives you the ability to share information across your locations in a simple, reliable and secure manner, without the need to be simultaneously connected to each other. This completely eliminates the need for intensive and rigid schedules; delivering the benefit of sheer convenience in your hands. Release 5.0 takes advantage of the Tally.NET Services for synchronisation of master information as well as transaction data across locations and ensures that creation, modifications and deletions are appropriately updated.
  • Comprehensive post-dated cheque management wherein you can flexibly track and record post-dated cheques which are automatically regularised on the due date. What’s more, you enjoy full visibility of PDCs issued and received along with their real-time accounts; enabling accurate and informed cash planning.
  • Lighter and Swifter Tally.ERP 9 ensuring a highly optimised system memory usage, hassle free and efficient product update experience delivering only those updates which are relevant to you.
  • One click zero-configuration installer that greatly simplifies the installation process and reduces the set-up time so that you are up & running in seconds.
  • Robust Licensing enables multiple users to use the same single user license to access data, one user at a time.
  • Over 2000 product enhancement & issue resolution requests are addressed to further improve the Product Stability and Completeness

Issues Resolved :

Company Master

  • Cursor was skipping the Maintain Bill-wise Details option of Accounting Features for company enabled with Service Tax and TDS, resolved:In a company that was enabled with Service Tax and TDS features, the cursor was skipping the option, Maintain Bill-wise Details in F11: Accounting Features. and more…

 Data Split

  • Error message displayed while performing data split in Educational mode is changed: The data split feature is enhanced to display an appropriate error message when data containing transactions for dates other than 1st, 2nd, and 31st of a month is split in Educational mode. and more….

Accounting Vouchers

  • Provision has been made for alteration of a cost centre class in a duplicate voucher: When an invoice created using voucher type with pre-defined cost centre class was being duplicated using Alt+2, the cursor was not move to Cost Centre Class field in the duplicated voucher.  and more….

 And more…

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

Multiple Addresses For Company and Ledger Masters

Posted on by Tally Academy

Now, The Flexibility You Always Wanted

 multipleaddresses 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.

Benefits:

  • Enhances flexibility
  • Reduces errors since selection is made from a list
  • Increases comfort and ease of use
  • Convenient

Tally in Arabic

Posted on by Tally Academy

Tally Speaks your Language – Arabic

tally-arabic 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…

 

Benefits include:

  • No restarting the computer
  • Bi-directional support (ledger name in combination of 2 languages)
  • Manage business in your native language
  • Simple layout change lets you work with Tally.ERP 9 in Arabic
  • Bi-directional Language Support –Ledger/Group/Item name have a combination of Arabic/English
  • Flexibility to maintain business information in English, view and print reports in Arabic or vice-versa

Job Work In/Out in Tally

Posted on by Tally Academy

Job Work In/Out

jobwork-inout 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

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:

  1. Multiple order tracking
  2. MI (Material In) matched against Work Orders and not Item Masters
  3. Value tracking including advance payments
  4. Item tracking and Accounting legs of each transaction
  5. Billing of own material utilised for Job Order undertaken
  6. Tracking of billable item status (material utilised for a Job Order and their billing status)
  7. Position of finished goods hence realise-able money value

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.

Benefits:

  • Real time insight into materials movement and tracking
  • Accurate job costing
  • Suitable for different complexities –small job worker to larger operations
  • Supports accounting allocation (expenses/income)
  • Improved productivity and profitability
  • Auto fill of raw materials for execution
  • Good for just-in-time inventory
  • Enhanced logistics management and efficiencies

Income Tax for Salaries in Tally

Posted on by Tally Academy

Income Tax is Personal Again

incometax-for-individuals 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.

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

Pre-Closure Of Orders

Posted on by Tally Academy

Take Control Of Orders – Alter/Edit Purchase Orders On The Fly

pre-closureoforders 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.

 

Advantages of Pre Closure of Orders include:

  • Accurate Pending Order summaries
  • Improved system performance as it does not have to calculate outstandings every time it is started up
  • Closure of orders possible either from the Voucher or from Reports
  • No Order adjustments
  • Easier management of material
  • Reduced labour and unnecessary handling
  • Prevents losses from dead stock
  • Easy to use
  • Flexible

Bill Settlement from Outstanding (Payable) Report

Posted on by Tally Academy

Uncomplicating Bill Settlement – A Click Away

bill_settlement 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.

 

Benefits:

  • Settle multiple bills directly from outstanding reports
  • Save time and reduce errors
  • Make quick decisions on payments

Receipts & Payments Report in Tally

Posted on by Tally Academy

Hassle Free – Receipts and Payments Reports

receipts-payments 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.

 

Benefits:

  • Useful for non-trading institutions/non-profit organisations
  • Shows exact cash and bank position for a particular period
  • Provides a single view of receipts and payments for cash payments
  • Improves management of cash
  • Helps control expenditure

TallyShop : Tally Add-ons

Posted on by Tally Academy

Tally Shop

TallyShop 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!

Highlights:

  • Search from hundreds of ready built add-ons
  • Very affordable and simple pricing policies (some as low as Rs.240/USD9)
  • Evaluate (for a limited period)
  • Buy (with Tally Currency/Credit Card) or opt for monthly subscription
  • Upgrade from Silver to Gold
  • Get the latest updates and upgrades with just an annual subscription or upgrade fee
  • Migrate licenses within your branches (if part of one Account)
  • Obtain support direct from the developer – from within the integrated Support Centre
  • Get notifications of updates & upgrades

 

Click here to go to TallyShop.