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As of September 2025, TallyPrime Release 6.2 is the latest version.

TallyPrime 6.2 comes with two different release:

• TallyPrime 6.2

• TallyPrime Edit Log 6.2

While both versions offer numerous improvements, the key difference is the Edit Log feature. The Edit Log version comes with a permanent log of all changes, providing enhanced audit and compliance features. For the non–Edit Log version, this log can be enabled or disabled based on user preferences.

TallyPrime continues to evolve to meet the needs of modern businesses. With Release 6.2, the focus is on making invoicing more compliant, accessible, and globally adaptable — especially for users in GCC regions. Let’s walk through the highlights of this release.

Share Sales Invoices in Multiple Languages

• Businesses in GCC countries can now share sales invoices as PDFs in Arabic, Bilingual (Arabic + English), or English.

• Invoices can be sent directly through Email or WhatsApp, including support for Arabic WhatsApp templates.

👉 This means smoother communication with local customers, compliance with regional language norms, and faster sharing of documents without manual rework.

Default Tax Invoice Format Prescribed by Authorities

With Release 6.2, Invoice Format 2 is now set as the default invoice format, as it’s the one prescribed by GCC tax authorities.

• Businesses can continue using Format 1 if preferred.

• But, Format 2 ensures direct alignment with official compliance standards, minimizing the risk of rejections or mismatches during audits and submissions.

Why This Matters for You

• For GCC Businesses: You can instantly adapt your invoices to meet local tax authority requirements without any extra customization.

• For Accountants: Reduced manual work when sharing bilingual/Arabic invoices.

• For Owners & CFOs: Peace of mind knowing every invoice complies with tax authority guidelines by default.

Antraweb’s Recommendation

If your business operates in UAE, Saudi Arabia, Oman, or other GCC regions, we strongly recommend upgrading to TallyPrime Release 6.2. This ensures that your invoicing stays compliant, customer-friendly, and future-ready.

And as always, Antraweb’s expert Tally support team is here to help you make the transition smoothly - ensuring you’re not just updated, but also confident in using the new features.

TallyPrime Release 6.2 may look like a small release, but for businesses dealing with cross-language communication and compliance, it’s a game-changer.

Ready to make the most of TallyPrime 6.2?

• Connect with our experts for a personalized demo or assistance.
• Explore our Tally Add-ons to enhance functionality.
• Upgrade to Tally on Cloud for secure and remote access.

Stay compliant. Stay efficient.

With Antraweb and TallyPrime, your business is always one step ahead.

As of June 2025, TallyPrime Release 6.1 is the latest version.

TallyPrime 6.1 comes with two different release:

• TallyPrime 6.1

• TallyPrime Edit Log 6.1

While both versions offer numerous improvements, the key difference is the Edit Log feature. The Edit Log version comes with an permanent log of all changes, providing enhanced audit and compliance features. For the non-Edit Log version, this log can be enabled or disabled based on user preferences.

Powerful Upgrades for ITC Clarity, Audit Trail Transparency, and Better Banking Integration

Released in June 2025, TallyPrime 6.1 brings meaningful improvements that help businesses handle GST compliance, ITC tracking, and internal audit processes with more control and less effort.

This version introduces the Invoice Management System (IMS) - a robust solution designed to simplify invoice reconciliation and ITC reporting. Along with IMS, this release delivers smarter tools across banking, MSME compliance, GST filings, and edit log tracking.

Invoice Management System (IMS)

Built-in Control for GST Invoices and Input Tax Credit

TallyPrime 6.1 debuts a fully integrated Invoice Management System, making it easier for businesses to compare purchase invoices with the GST portal and decide ITC eligibility more confidently.

What’s new in IMS? -

• Inward Supplies at a Glance
  Supplier invoices fetched from the GST portal can now be viewed in a grouped, color -coded format - highlighting matched, mismatched, and missing entries.

• Set Actions for Each Invoice
  Businesses can mark invoices as Accepted, Rejected, Pending, or No Action based on how they reconcile with books. These tags directly influence what gets carried into GSTR-2B and 3B.

• ITC Summary in One Place
  The IMS dashboard gives a clear overview of all ITC - what’s available, what’s under review, and what has been rejected - helping decision-makers file returns with full awareness.

• GSTR-2B Recalculation on Demand
  With actions applied, the system can regenerate GSTR-2B data in real time, ensuring that the return is always aligned with the most recent reconciliation.

• Remarks and Notes for Reference
  Remarks can be added against invoices and are reflected across reports. These notes help auditors or internal users track decisions during reconciliation.

Edit Log Summary

A Detailed Trail of Changes Across Entries and Users

With growing audit requirements, having clarity over who made what changes becomes critical. TallyPrime 6.1 refines this with a more powerful Edit Log Summary, which gives full visibility into changes made to both vouchers and master records.

Highlights of the enhancement:

• Complete Change Overview
  The report outlines entries that were changed, untouched, or deleted. Both transactional and master data changes are tracked.

• Drill-down to Entry-Level Versions
  From the high-level summary, users can navigate down to each voucher or master to see what changed and in which version.

• Advanced Filters for Clarity
  The report supports filtering by user, activity type, and time period. Users can also switch between full logs or limited views showing only changes.

• User Identification (With Security Enabled)
  If user-level security is on, Tally tracks the user ID and timestamp for each modification - making accountability easier.

MSME Experience Enhancements

Updated Reporting for Better Vendor Compliance

TallyPrime now includes support for the latest MSME Form 1 Annexure, making it simpler to prepare compliance reports for suppliers registered under MSME.

Key upgrades include:

• Updated Form Format
  The revised format now includes a supplier-wise summary, displaying PAN and payment timelines (within or beyond 45 days).

• Multi-Supplier View with Filters
  Reports can be tailored using filters, helping users focus on specific vendors or criteria during audit checks.

• Export-Ready for MCA Uploads
  Data can be exported directly into a pre-formatted Excel sheet compatible with the MCA portal — reducing prep time and errors.

Banking Improvements

Streamlined Reconciliation and Expanded Controls

Banking gets a series of usability and process improvements in TallyPrime 6.1, aimed at saving time and reducing reconciliation errors.

What's improved? -

• Opening BRS After Company Split
  Any transactions left un-reconciled at the time of splitting a company will automatically show up as part of the Opening BRS in the new data-set.

• Manual Reconciliation Made Simpler
  

  • Entries manually reconciled earlier can now be included.

  • Reconciliation values are shown even when done in future periods.

• Better Matching with Potential Match Feature
  In both Find Match and Modify Match screens, Tally now suggests probable matches - reducing time spent on review.

• Bank Date Visibility in Reports
  When transactions are reconciled using linking, the bank date is now visible even in the reconciled report.

• Import Reverse Payment Files from Anywhere
  Files can now be imported regardless of their source location. The Import Summary now offers a detailed breakdown of payment statuses.

• Improved Sync for Multi-Company Setups
  In setups where data is synced between companies, the system can override manually marked statuses during synchronization to ensure consistency.

GST Compliance Upgrades

Filing and Reconciliation with More Flexibility and Accuracy

This release delivers important enhancements for businesses filing GSTR returns and managing reconciliation at scale.

What's new -

• Reconciliation Even with Minor Mismatches
  Tally now allows reconciliation even if the taxable amount in books slightly differs from what's on the portal.

• Flexible GSTR-1 Upload Formats
  GSTR-1 data can be exported in .xlsx or .csv formats, giving businesses more control over how they manage offline filing.

• Clearer Handling of Rejected Invoices
  Invoices marked Rejected in IMS are moved to a separate section within GSTR-2B and excluded from ITC totals — but remain available for review later.

• Auto Reconciliation Within IMS
  A new setting under Company GST Details enables automatic marking of matched invoices as Accepted, minimizing manual effort and ensuring clean books.

Wrapping Up

TallyPrime Release 6.1 and TallyPrime Edit Log Release 6.1 continues the evolution that began with the Release of 6.0 — adding sharper tools for compliance, smarter data tracking, and more clarity around ITC and reconciliation.

With the new Invoice Management System (IMS) at its core, this version simplifies complex workflows and improves visibility across key business functions. Businesses can now manage their Input Tax Credit with greater confidence, ensuring that reconciliation and return filing processes are both accurate and streamlined.

The enhanced Edit Log Summary strengthens audit readiness by offering deeper visibility into transactional changes, while upgraded MSME compliance, smarter banking reconciliation, and refined GST features reflect Tally’s continued focus on real-world usability and regulatory alignment.

Ready to make the most of TallyPrime 6.1?

• Connect with our experts for a personalized demo or assistance.
• Explore our Tally Add-ons to enhance functionality.
• Upgrade to Tally on Cloud for secure and remote access.

Stay compliant. Stay efficient.

With Antraweb and TallyPrime, your business is always one step ahead.

As of February 2025, TallyPrime Release 6.0 is the latest version.

TallyPrime 6.0 comes with two different release:

• TallyPrime 6.0
• TallyPrime Edit Log 6.0

While both versions offer numerous improvements, the key difference is the Edit Log feature. The Edit Log version comes with an permanent log of all changes, providing enhanced audit and compliance features. For the non-Edit Log version, this log can be enabled or disabled based on user preferences.

Transform Banking for Your Business

TallyPrime Release 6.0 takes simplicity and efficiency to the next level! This latest version introduces tech-driven solutions to streamline your daily banking activities with Tally’s Connected Banking features.

From easy voucher creation to hassle-free bank reconciliation, TallyPrime 6.0 simplifies it all. It helps you manage real-time banking information, organize banking data, improve cash flow management, and much more - all in one place.

With TallyPrime Release 6.0, transitioning into a smarter era of business banking has never been smoother.

Let’s look into the Key Features, Updates and Improvement TallyPrime Release 6.0 brings to the table!

Enhanced Bank Reconciliation

TallyPrime’s bank reconciliation process is now more efficient and intelligent, offering improved options for both automatic and manual reconciliation. The enhancements simplify matching transactions between books and bank statements to save time and reduce errors.

• Auto-Reconciliation: Transactions can be automatically matched during bank statement import or reconciled later. This can be enabled directly in the bank ledger settings.
• Custom Rules for Matching: Define rules for identifying potential matches based on specific business requirements, making it easier to find matching transactions.
• Flexible Matching Options: Match one or multiple transactions in the books with one or multiple transactions from the bank for accurate reconciliation.
• Manual Reconciliation: Manual reconciliation can continue as before, providing flexibility for businesses preferring a hands-on approach.
• First-Time Reconciliation Setup: A reconciliation date can be set, and un-reconciled transactions can be added to an Opening BRS (Bank Reconciliation Statement) report. These transactions will then appear in the Bank Reconciliation report for further processing.
• Company Split Handling: In cases where a company is split, un-reconciled book and bank transactions will automatically be added to the Opening BRS report for easy tracking and reconciliation.

Automated Voucher Creation Using Bank Statements

The process of creating vouchers is now faster and more flexible with automated voucher creation from imported bank statements.

Key Features

• Create multiple vouchers in one go, either with a common ledger or separate ledgers.
• Merge multiple transactions into a single voucher with the consolidated amount.

Key details such as narration, instrument number, instrument date, and amount are automatically filled, saving significant time and effort. This enhancement simplifies voucher creation and improves efficiency in managing financial transactions

New And Revamped Banking Reports

Bank reconciliation and transaction tracking are now easier with new and improved banking reports, including Banking Activities, Bank Reconciliation Summary, and Bank Reconciliation.

Key Highlights

• Banking Activities Report: Provides an overview of all bank ledgers, highlighting pending actions related to Bank Reconciliation and E-Payments.
• Drill-Down Options: From Banking Activities, access the Bank Reconciliation Summary for specific banks. This report displays book and bank balances, withdrawals, deposits, and un-reconciled e-payments.
• Detailed Reconciliation: Drill down from the Bank Reconciliation Summary to the Bank Reconciliation Report to efficiently manage and reconcile book and bank transactions.
• Enhanced E-Payments Report: The E-Payments report has been redesigned for better clarity and usability. Drill down to correct details or review payment statuses before exporting from TallyPrime.
• Banking Details In Reports: Reports like Ledger Voucher and Day Book now include banking-related data, such as account numbers, payment methods, transaction details, instrument numbers, and dates. This helps in tracking payment and reconciliation status more effectively.

A Secure & Versatile Connected Banking Experience

Connected Banking eliminates the need to log in to multiple bank portals by providing a single, secure login through Tally.NET credentials. This feature allows seamless connection of all bank accounts to TallyPrime, simplifying banking operations.

Key Highlights

• Instant Bank Balances: View bank balances directly in TallyPrime within seconds. This enables quick access to balances when making payments to vendors or comparing book and bank account balances.
• Bank Balances In Reports: Bank balances can also be viewed in reports such as Ledger Vouchers and Group Summary for better financial visibility.
• Online Bank Statements: Retrieve bank statements online and use them directly for bank reconciliation, saving time and effort.

Other Enhancements in Banking

• Expanded Bank Data Import
  Now Import bank data from over 145 banks in India and 80 banks across Asia, Africa, and North America, can be stored in company data for easy & quick reference and reconciliation , which makes audits easier.
• E-Fund Transfer Mode for E-Payments
  Now user have the flexibility to set the E-Fund Transfer Mode. Which automatically apply modes like IMPS or NEFT to E-Payment vouchers based on the transaction amount.
• Bank & Reconciliation Details In Transactions
  Payments and receipts now include complete bank and reconciliation details for quick reference during voucher creation or modification.
• Banking Dashboard Tiles
  Monitor banking activities with tiles showing pending reconciliations and balances as per the bank.
• Bank-Related Details In Edit Log
  Track changes in bank date, instrument number, instrument date, and UPI ID directly in the Edit Log.

Split Your Company Data with Ease

TallyPrime Release 6.0 introduces an enhanced Data Split feature, designed for greater simplicity and convenience. The updated interface, along with new split options, ensures a smoother process for managing data separation. A data verification prompt guides users through the process, while improved error verification ensures accuracy and minimizes potential issues. These enhancements make data splitting more efficient and reliable, supporting better data management practices.

Creation Of A Single Company After Split

The updated Split process in TallyPrime allows the creation of a single company, for easier and more secure data management. For businesses with large volumes of data, this feature facilitates the creation of a new company with the latest data, improving performance and ensuring smooth operations.

Alternatively, the traditional two-company Split remains available, offering flexibility to create one company for compliance purposes and another with updated data for ongoing transactions.

A new progress bar has been introduced to provide clear visibility into the stages and progress of the Split process, enhancing overall transparency and ease of use.

Enhanced Data Verification

The Data Verification process has been enhanced to identify and handle a wider range of errors in vouchers and masters, ensuring a smoother data split. To improve accuracy and minimize errors, a prompt is now provided to verify data before starting the Split process. These enhancements strengthen data integrity and streamline the overall experience.

Other Enhancements In Split & Verify

Several issues have been resolved to improve performance and reliability:

• Resolved Out of Memory and Memory Access Violation errors during data verification in TallyPrime.
• Fixed slow performance and stoppages when splitting vouchers in the TallyPrime Edit Log.
• Addressed Temporary Overflow and Restart and Continue errors during data verification in TallyPrime Edit Log Release 4.0.

Easily Manage Your Profile Details

TallyPrime 6.0 introduces a new Profile feature that allows users to view and update the contact details linked to their Tally Serial Number, ensuring timely communications and updates.

Key Highlights

• View & Edit Profile: Manage contact details directly within TallyPrime.
• Tally Portal Access: Easily navigate to the Tally portal for further updates.
• Reminders: Receive notifications twice a year to check and update profile details.

Keeping the profile updated ensures smooth and efficient communication.

Enhancements in GST

• Intuitive GSTR-1 Filing: GSTR-1 filing is now more intuitive, ensuring the return is uploaded before filing, preventing Nil Returns.
• Accurate TXPD Section: The TXPD section in GSTR-1 now displays details more accurately, with amounts matched correctly without further action required.
• Copying B2B Sales Invoices: B2B sales invoices can now be copied between companies using F3 (Company), with no duplicate voucher numbers in GSTR-1 and GSTR-3B.
Excel Offline Utility 5.4 for GSTR-3B: TallyPrime now supports Excel Offline Utility version 5.4 for GSTR-3B, displaying ITC-related information correctly under the right categories.
• Correct Display in GSTR-3B: Transactions with URD bank and exempt expense ledgers now appear under Exempt, Nil Rated, and Non-GST Inward Supplies in GSTR-3B, instead of under Uncertain Transactions.
• Cess on Quantity Calculation: In Cess on Quantity, round-off and decimal values, is now calculated correctly in transactions, avoiding previous mismatches or incorrect tax amounts.

Seamless TDS Calculation

When TDS values are updated in transactions, the details now appear correctly. Previously, updating TDS values caused issues with Dr & Cr and TDS ledger values.

Enhancement in VAT Report

The VAT report now displays correctly for all Indian States and Union Territories. Previously, it was not appearing for Puducherry, Haryana, Telangana, Chandigarh, Dadra & Nagar Haveli and Daman & Diu, Kerala, Ladakh, Sikkim, Tripura, Uttarakhand, Uttar Pradesh, and West Bengal.

Summing Up

TallyPrime 6.0 and TallyPrime Edit Log Release 6.0 come with these significant updates, revolutionizing business banking with smarter reconciliation, automated voucher creation, and seamless connected banking. The updates in GST filing, data splitting, and TDS calculation ensure greater accuracy and efficiency. With these powerful features, TallyPrime 6.0 empowers businesses to manage finances effortlessly and stay compliant.

As of December 2024, TallyPrime 5.1 is the latest version.

• TallyPrime 5.1
• TallyPrime Edit Log 5.1

While both versions offer numerous improvements, the key difference is the Edit Log feature. The Edit Log version comes with an permanent log of all changes, providing enhanced audit and compliance features. For the non-Edit Log version, this log can be enabled or disabled based on user preferences.

TallyPrime 5.1 is here to revolutionize the way you manage your business. This latest release is packed with powerful features and enhancements designed to streamline your operations and boost efficiency.

From simplified GST management to improved voucher number control and enhanced payroll compliance, TallyPrime 5.1 offers a comprehensive solution to meet the evolving needs of modern businesses. Let’s look into some of the new features and improvements below.

Simplified GST Conflict Resolution

Effortlessly identify, resolve and track GST related discrepancies between Masters and Transactions , ensuring your data remains accurate and helps to stay compliant with GST Regulations.

Flexible Voucher Numbering and HSN/SAC Summary Configuration During Migration

When migrating from TallyPrime Release 2.1 (or earlier) to Release 5.1, you can easily manage voucher numbering and HSN/SAC configurations. Here's what you can do:

1. Voucher Numbering:
   • Keep the current voucher numbering method.
   • Choose to apply it to specific voucher types like sales or to all voucher types.

   • Continue using the existing numbering method.

2. HSN/SAC Summary Configuration

   • Set up the HSN/SAC Summary for all sections, or exclude B2C sections.

3. HSN Length for Stock Items

   • Configure the desired length for HSN codes of stock items.

Export GSTR-1 for Multiple Periods into One Excel File

GSTR-1 returns for multiple periods can now be exported into a One Excel File. If a company has multiple GST registrations, it is possible to select a specific registration or all registrations and export the returns at once.

HSN/SAC Summary in Annual Computation Report

The HSN/SAC Summary is now included in a consolidated, period-wise report within the Annual Computation report.

Bulk Conversion of Transactions from B2B to B2C

Transactions rejected because of an inactive GSTIN can now be bulk converted from B2B to B2C with just one click.

Accurate e-Way Bill Generation for Export Invoices

Previously, e-Way Bills for export invoices were rejected if the Ship To details included a non-Indian state and missed the pin code of an Indian port. This issue is now fixed. You can now generate e-Way Bills and e-invoices for exports by selecting a valid Indian state and the pin code of the Indian port from where the goods will be shipped.

Automated Distance Calculation for E-Way Bill Generation

You no longer need to manually enter the distance between origin and destination pincodes when generating an e-Way Bill. TallyPrime will automatically fetch and display the distance in the e-Way Bill. This applies when the Pin to Pin Distance as per Portal field is blank or the distance information is missing.

Generate e-Way Bills for Material In and Material Out Vouchers

You can now generate e-Way Bills for both Material In and Material Out vouchers. This is especially helpful when shipping materials between the principal and job worker for manufacturing.

Enhanced Payroll Compliance

With the release of FVU Tool Version 8.6 by the Protean Department, the file format for e-returns has been updated. In TallyPrime 5.1, you can now directly export the expected Salary Details (SD) and Standard Deduction values into the Payroll ITeTDS.txt file.

New Tax Regime Updates in Payroll ITeTDS.txt File

Previously, Provident Fund (PF) contributions were included in the Payroll ITeTDS.txt file export, regardless of the chosen tax regime. With the latest FVU format changes, PF contributions are now excluded from the export for employees under the New Tax Regime.

Exclusion of Deductions in the New Tax Regime

Previously, Professional Tax and Chapter VI-A deductions were included in the ITeTDS.txt file, even for employees under the New Tax Regime. As per the latest FVU format, these deductions are now excluded for such employees.

Display and Print Amount in Words in Arabic

Previously, the amount in words in vouchers was shown in English, regardless of the selected language. Starting from TallyPrime Release 5.1, the amount in words will now be displayed and printed in Arabic when the display/print language is set to Arabic.

As of September 2024, TallyPrime 5.0 is the latest version.-

TallyPrime 5.0 has two different versions:

• TallyPrime 5.0
• TallyPrime Edit Log 5.0

The key difference between the two is the Edit Log feature. The Edit Log version maintains an permanent record of all changes, while the regular version allows users to enable or disable this feature as needed.

Both versions come with the following features and product enhancements:

Accounting & Compliance Needs with Connected GST

With TallyPrime 5.0, businesses can upload and download GST returns such as GSTR-1, GSTR-3B, and CMP-08 directly from the software. This streamlines the process and reduces the risk of errors.

Download reports like GSTR-2A and GSTR-2B quickly and easily, making compliance faster and more accurate.

Automated Tax Calculations (TDS under Section 194Q)

For purchases exceeding ₹50 lakhs annually, TallyPrime 5.0 automatically deducts TDSstrong> based on payment type. This eliminates the need for manual tax calculations, ensuring accuracy and compliance.

Manage TDS exemptions for government entities and handle Form 26Q reporting with ease, improving the overall tax management process.

Tally Plug-In Management

TallyPrime 5.0 introduces the ability to extend software functionality with Tally Plug-Ins i.e; Tally-Capital, which enables users to check credit scores and apply for loans directly through TallyPrime.

Enhanced Payment Management

TallyPrime 5.0 simplifies payment handling by allowing users to sort pending bills by due date, bill date, and balance. This ensures timely payments, avoiding penalties and late fees while improving cash flow management.

Strip View for Enhanced Readability

The new Strip View feature highlights alternating rows in reports and vouchers, making large datasets easier to read. This feature is especially helpful for printing and sharing documents.

Instant Notifications via Bell Icon

Stay informed with the Bell Icon, which provides notifications for crucial tasks like GST uploads, return filings, TSS renewals, and license management. Manage all alerts from a single screen, improving workflow efficiency.

As of March, 2024, TallyPrime 4.1 is the latest version. -

TallyPrime 4.1 has two different versions:
TallyPrime 4.1 Edit Log and TallyPrime 4.1. The former has an edit log that cannot be turned off, and the latter has an edit log that can be enabled or disabled as per user convenience. This is the only difference between the two versions.

TallyPrime 4.1 Edit Log and TallyPrime 4.1 versions come with the following features -

1. MSME Feature (Micro, Small & Medium Enterprises.)

The new MSME feature helps small businesses and those dealing with them easily figure out if a business is classified as an MSME and keep track of any unpaid bills.

Additionally, buyers from small businesses can swiftly submit their Form MSME 1, providing all necessary information about overdue payments.

For Registered MSME Businesses:

• Manage UDYAM Registration details, make changes, and track alterations with dates.

• Print invoices with UDYAM details for MSME status awareness.

• Easily track due payments and send reminders for timely payments.

For Businesses trading with MSMEs:

• Set up suppliers' MSME status.

• Pay bills from MSMEs before the due date.

• Quickly access info on overdue payments and report if needed.

• Review all unpaid bills to understand income tax deductions.

2. E-Commerce Summary Report

For businesses selling online through platforms like Amazon, Myntra, and Flipkart, TallyPrime Release 4.1 now offers an e-Commerce Summary Report in GSTR-1.

This report breaks down taxable values and taxes (IGST, CGST, SGST, and Cess) and provides GSTIN-wise sales data for each e-Commerce operator.

It simplifies entering the necessary details on the GST portal.

As of December, 2023, TallyPrime 4.0 is the latest version. -

TallyPrime 4.0 has two different versions:
TallyPrime 4.0 Edit Log and TallyPrime 4.0. The former has an edit log that cannot be turned off, and the latter has an edit log that can be enabled or disabled as per user convenience. This is the only difference between the two versions.

TallyPrime 4.0 Edit Log and TallyPrime 4.0 versions come with the following features and other product improvements -

1. TallyPrime with Whats App for Business

TallyPrime Release 4.0 brings to the feature of instant communication via Whats App for Business. This helps you take advantage of technology advancements and experience enhancements in communication.

Businesses can send documents and digitally signed financial statements directly from TallyPrime to one or more parties or stakeholders in a single click with the use of Whats App. Similarly, You can send reminder letters and invoices to your parties via Whats App and get responses from them.

2. Import Data from MS Excel

Manual data entry for high volume data is a nightmare for any business. To address this, TallyPrime Release 4.0 provides seamless import from MS Excel. This is in addition to the existing option to import XML files. This will allow you to retrieve the data in your Excel workbook and import it into TallyPrime.

What’s in store:

• Effortlessly import masters and transactions from Excel.
• Use any of the default templates/sample Excel files.
• Take data curated in any Excel workbook and map it to fields in TallyPrime, regardless of the format or order.
• Identify errors that occurred during import from the logs created while importing.

3. Graphical Dashboard

TallyPrime's dashboard allows you to analyze your business information in an intuitive format. Previously only sales and purchase dashboards are provided by default, now you can also create various different dashboards.

Dashboard in TallyPrime offers flexibility to:

1. Add tiles or hide tiles, configure each tile independently, include or exclude data points, and so on.
2. Restrict access to dashboards, based on user rights.
3. Create different dashboards for different purpose, organise tiles as per your preferences, and save the views.
4. Load a dashboard as the home screen when you open a Company.
5. Print, export, and share with stakeholders by e-mail or Whats App.

Here are some newly introduced features in Tally -

• E-way Bill

  Generate E-way bill while creating entries in Tally itself. You have the option to generate a single e-way bill while creating an entry or you can generate bulk E-way bills by going to the Exchange Menu in Tally 

• GSTIN / UIN and HSN / SAC validation

  Tally Prime 2.0 provides instant validation of GSTIN / UIN and HSN / SAC entered in Tally. This will ensure you do not enter any wrong details.

• Save view of a report

  You can now save the view of a report i.e you can save the configurations of the report for future reference.

• Better experience for report viewing on the browser

  The mobile view for viewing reports in Tally has been given a new delightful experience. While viewing reports in Tally, the report is automatically adjusted to fit your screen and thus you do not need to manually adjust the report.

Here are some newly introduced features in Tally -

• You can now calculate TCS depending on your type of business practice - TCS on either realisation/receipt of the invoice or accrual. You can also switch from one method to the other in transactions and party ledgers.

• There are some exemptions to the deduction of TDS. For example, some parties make TDS payments at the time of the current transaction itself. Such parties can be exempted from the TDS set TDS deduction while recording the transaction.

• For government listed buyers, in Tally, you can set such parties as exempted from TCS and calculate the tax component as per appropriation.

• You can now generate Form 27EQ for TCS.

• Ledgers can now be made without the PAN details. You can check the list of buyers as well as update the required details in the party ledger.

• You can now configure TCS in sales ledger or stock item this helps you set the TCS for a stock item and thus you do not need to update the TCS for every transaction.

• In this version, the E-invoice Sandbox experience has been introduced. It will help you -

  • Get familiar with how e-invoicing works on the live IRP.

  • Create E-invoice and voucher simultaneously

  • Create, cancel, alter and get E-invoices in bulk

  • Experience e-Invoicing without any impact on your GST Returns.

All these Sandbox features can be experienced with an expired TSS or in Educational Mode

Other than these various product improvements have been done to improve user experience.

• IFF filing is now supported in Tally by providing option for section-wise export of GSTR-1.

• TallyPrime supports VAT for Oman. You can now enable VAT, set registration details, set tax rates, make duty masters, implement VAT in transaction details n TallyPrime for Oman VAT.

Product improvements -

• Issue of Printing logo on simple invoice format has been resolved. In some options, logo was not being printed.

• Change display settings to Bright or soft as desired.

• The issue of transporter name not being printed in the E-way bill when generated from the portal has been solved.

• In E-invoicing process, after verifying the e-invoice using the acknowledgement number, the product description was showing blank this issue has been resolved.

• E-invoices were being rejected by the E-invoice system when UoMs with 4 decimal points were being rounded off for a few stock items. This also has been solved.

• Issue of missing bill wise reports when printing the ledger voucher’s report in the condensed format has been resolved.

• Appearance of Any@0% in sales transaction of TCS category has been solved. Even the rate printed in some cases was showing incorrect numbers. This also has been solved.

• Bank reconciliation statement for Kotak Mahindra Bank, showed MAV error while using the ‘Reconcile all unlinked’ feature after import of a bank statement. This is resolved now.

• Cheques can now be printed in vertical centre mode.

• Voucher total have not been matching after saving a contra voucher from bank statement. This issue is solved now.

• You can now export payment instructions file in encrypted format by uploading the files on Bank of Baroda portal.

• E--payments for Yes Bank - You can select Delimited - Corporate Net Banking option along with fixed Width - Corporate Net Banking format in the E-payment configuratIon screen.