Tally ERP 9

Available new stat 196 from 15th May, 2013

Posted on by Tally Academy

New Stat.900 Version is available free for existing Tally User

Major Enhancement are :

VAT :

Assam : 

  • The e-CST feature is introduced to export data of Form No. III using Excel Spreadsheet format to excel template as prescribed by the Commissionerate of Taxes.
  • The functionality of physical and e-VAT Form 13 – Monthly, Quarterly and Quarter End return is enhanced as per the latest excel template provided by the Commissionerate of Taxes.

Delhi : 

  • In journal voucher, the VAT flag- Reversal of Input Tax Credit on Closing Stock is provided to record reversal of input tax credit on closing stock.
  • On selecting the VAT flag – Adjustment Towards Refund Claim in journal voucher, the field – Provide details will be displayed to enter bank details. The details entered here will be captured in the respective fields of box R10 of Form DVAT 16.
  • In Print Report screen of VAT Forms and Annexures, the From and To dates of the quarterly period gets displayed based on the Current Date set in Gateway of Tally.
  • While generating physical and e-VAT Annexure 2A and 2B, the option – Consolidate URD Values will be displayed. The values of all purchases and sales made from unregistered dealers will be:
    • Consolidated and captured if this option is set to Yes
    • Captured party-wise if it is set to No.

Gujarat : 

  • The functionality of Form 201 is enhanced to capture the values of entries recorded using VAT/Tax classifications provided for 27.5% VAT rate

Punjab : 

  • In the Print Report screen of Form VAT 15, 16 and 20, the option – Round Off Form Values is provided to capture values by rounding-off to the nearest rupee.

Himachal Pradesh : 

  • The functionality of Form VAT-XV, Form VAT XV-A and CST Form I is enhanced to capture the values of entries recorded using VAT/Tax classifications provided for 1.50% CST rate.
  • The option – Consolidate Retail Sales is provided to capture the aggregate of retail sales in physical and e-VAT Annexure LS-1.

Maharashtra: 

  • The functionality of Form 231, 233 and CST Form III(E) is enhanced to capture values of entries recorded using the VAT/Tax classifications provided for 1.10% VAT rate

West Bengal : 

  • For increase in VAT rate from 25% to 35% on cigarettes, the following VAT/Tax classifications are provided.
    • Output VAT @ 35% Special Rate / Sales @ 35% Special Rate
    • Input VAT @ 35% Special Rate / Purchase @ 35% Special Rate
    • Interstate Purchases @ 35%
    • ST @ 35% / Interstate Sales @ 35%
  • The functionality is enhanced to capture the values of entries recorded using VAT/Tax classifications provided for 5%, 14.5%, 25% and 35% VAT rates in:
    • VAT Forms – Form 14 and Annexures – A, B, D, F and Sales Returns
    • CST Forms – Form I and Annexures – D and Sales Returns.

Excise for Manufacturers : 

  • The challan number, date and BSR code provided while recording excise payment voucher gets captured in Form ER-1, ER-3 and ER-8.
    For multiple Excise Duty payments recorded in a tax return period, the challan number, date and BSR code entered in each payment voucher gets captured against the respective duty details in Form ER-1, ER-3 and ER-8.
    Similarly, the challan number, date and BSR code entered for payment towards Arrears, Penalty and Interest gets captured in Form ER-8.

Payroll: 

  • The functionality of ESI e-return is enhanced as per the latest template – MC_Template.xls provided by the ESI Corporation.

And more….
Release details of Stat.900 version 196 (PDF file)

Download Stat 196

Pre-Closure Of Orders

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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

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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

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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

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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.

Image Printing in Tally.ERP 9

Posted on by Tally Academy
Print logos on your business invoices and reports with the Image Printing facility in Tally.ERP 9 Series A Release 3.0. Suitable for use with images stored in BMP or JPEG formats, it is simple and can add class to any outgoing documents.

Benefits:

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

Benefits:

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

New Rupee Symbol in Tally ERP 9

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Indian Rupee Symbol

Indian_RupeeSymbol Only 8 countries around the world have their own currency symbols; now India joins this elite club. Tally supports this achievement by enabling this feature in India’s most popular business management software product. Tally.ERP 9 Series A Release 3.0 allows you to use the new symbol for your business. Go ahead – integrate it with all documents for that classy look….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

Voucher Type Security in Tally.ERP 9

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What is Voucher Type Security?

Tally_Voucher_Security A business would generally have multiple users, wherein the task done in Tally will be based on the role of the employee. Hence, a person in Sales would mostly be passing Sales related and Receipt Vouchers, while someone handling Banking would spend more time passing Payment, Receipt and other similar Accounting Vouchers.With voucher Level Security, the administrator is able to provide or deny access to what level of activity can be performed on a voucher by different users i.e. User A & User B can create & alter a Payment Voucher, but User C can only view the same. This will provide greater degree of control and higher personalization.

Advantages of Voucher Level Security:

  • This will help the administrator to create a department and role based segregation of access for different users, i.e. specify voucher types access based on Sales, Purchase, Accounts and Payroll etc. for employees in those areas of work.
  • Further, the administrator can even select to provide access to an entire group of vouchers like Accounting Vouchers, or Inventory Vouchers as a whole.

MCA’s Statutory Report

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India’s new, powerful statutory compliance… Supported on Tally technology!

MCA’s Statutory Report (in XBRL format) now available in Tally.ERP 9!

XBRL With an interactive checklist, Tally.ERP 9 makes generating MCA-compliant XBRL reports simple. What’s more, it reduces the chances of errors and allows the reuse of all configuration and mapping.

 

Who needs to file?

Ministry of Corporate Affairs (MCA), 7th June 2011: The following class of Companies are mandated to file their financial statements in XBRL format from Financial Year 2010-11 onwards:

  • All listed companies including their Indian subsidiaries (but excluding overseas subsidiaries)
  • Companies having a paid up capital of 5+ crore
  • Companies having a turnover of 100+ crore

MCA also proposes to include all companies from this Financial Year onwards.

Filing procedure:

  • MCA has published a library (taxonomy) of elements which can be mapped with the various accounting heads in the chart of accounts (CoA) of the company
  • The taxonomy elements also include non-financial data (Director’s details, Auditor’s report,
  • Director’s report, etc.) which needs to be filled
  • Creation of the instance documents (report in XBRL format)
  • Validating the instance documents with the free validation tool provided by MCA
  • Uploading the validated instance documents on the MCA portal. along with the prescribed forms (Form 23AC and Form 23ACA)

Note : Through their General Circular No. 69/2011, dated 30th November 2011 the last date for filing in XBRL format has been extended up to 31.12.2011 or within 60 days of the due date of filing, whichever is later

What is XBRL?

XBRL stands for eXtensible Business Reporting Language. XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It is one of a family of “XML” languages which is becoming a standard
means of communicating information between businesses and on the internet.

 

Four simple steps to generate/export MCA’s report from Tally.ERP 9

XBRL
 

Report Generation Made Easy with Tally.ERP 9

  • An interactive checklist (with drilldown and automated status update) is provided. It guides in complying with various MCA rules, to generate valid instance documents
  • Mapping of readily available financial data prevents re-keying in and hence reduces the chances of errors
  • The same mapping can be used for previous year’s data
  • Option to view the Balance Sheet and P&L as per the mappings done, before generating the instance document
  • Non-Financial Information can be typed, pasted or attached, as required
  • Export the instance documents at the click of a button
  • Above all, it’s a one-time activity – All mapping/configuration done this year can be reused in future years

Product Requirement:

  • Tally.ERP 9 Series A, Release 3.3
  • A Valid Tally.NET Subscription
  • MCA (XBRL) Report Generation subscription *

Getting Started with MCA Reports (in XBRL Format):

Click here for PDF document and for Flash Demo.

Special offer *

MCA (XBRL) Report Generation one year subscription comes FREE with all activations/upgrades of Tally.ERP 9 Release 3.3 and above done on or before 31st March, 2013

Banking in Tally.ERP 9

Posted on by Tally Academy

 

Banking_in_tally All businesses need to connect with their Banks. With even small businesses doing thousands of transactions per month, banking usually happens on a day-to-day basis. Presenting Banking in Tally.ERP 9 Release 3.0: powerful, new functionality with a powerful advantage for business managers. In fact, it’s so powerful that Banking gets its own new section within the product.Just what every business needs, the Bank allocation feature brings everyday bank- related chores right to your fingertips.

 

Highlights:

Multiple instrument and Mode of Transaction details in single voucher

Record and monitor multiple transactions in a single voucher using the new Banking feature. While the old system only captured the dates of transactions, this feature allows you to monitor transactions by Amount, Date, Instrument Number or mode (like NEFT, Cheque, DD, etc.), for a more complete picture. The ability to identify payment modes in the system and separate dates for each instrument eases bank reconciliation.

Instrument-wise reconciliation

Reconciliation can be done for each instrument rather than the entire voucher. The instrument details (number, date, etc.) are displayed for easier reconciliation.

In case of unseen items such as Bank charges, interest paid etc., these can be captured in a new voucher without discarding the BRS (Bank Reconciliation Statement) in progress. Further, existing vouchers can be altered in case of any discrepancy found during reconciliation.

Opening BRS

The new Banking feature allows you to manually record or automatically carry forward the un-reconciled bank transactions from the current year to the subsequent year (as Opening BRS). These can then be reconciled in the subsequent year.

Cheque printing configuration with Preview

Utilise the enhanced cheque printing configuration with print preview to reduce wastage. This has further been simplified to copy measurements from previous configurations.

Multiple cheque printing/capture

A separate “Cheque Printing” report (in the Banking section) has been introduced to let you print multiple cheque easily. This feature also lets you know if a cheque has been printed or not by a simple Yes or No against each cheque.

Since it is sometimes not possible to know which Amount/Favouring Name is going to be printed on which cheque leaf, cheque details can also be recorded after printing.

Payment advice printing

A system-generated payment advice (covering letter for payments) can be printed for a single or multiple vouchers.

Deposit slips printing

Deposit slips can be printed for a single cheque or multiple cheques, further simplifying Banking transactions.

 

Benefits:

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