The new Tally.ERP 9 Release 4.7 is available now!

FREE for all TNS users of Tally.ERP 9.*

Tally.ERP 9 is the latest ERP 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.

Enhancements :

E-mailing:

• The option to enter multiple addresses in the To and CC fields while e-mailing from Tally.ERP 9, is provided. Users can therefore mail reports to multiple recipients simultaneously.
• An option to enter secondary e-mail id has been provided in the ledger master. This will now reflect in the Exception Reports under F5: All Items

Printing & Rendering :

• The provision to print any type of copy namely, original, duplicate, triplicate, quadruplicate and all from specific vouchers and reports have been provided. These can be printed independently without having to print the original. Any number of copies of these can be made

Licensing :

• If the correct proxy is configured in Tally.ERP 9 but not in Tally License Server, the same will be automatically updated in Tally License Server, and the change will be reflected in TallyAdmin Tool.

TallyShop/Marketplace :

• Net Banking is provided as a Method of Payment for Add-ons purchased in India.

 

New Features :

Accounting Transactions :

• An option, Use Defaults for Bill Allocations, is added to the F12: Configure options for Journal Voucher Type.

Accounting Vouchers :

• A new Type of Numbering, Multi-user Auto, is provided in the Voucher Type Creation/Alteration screen. Previously, in a Multi User environment, when a specific voucher number was used by one of the users, the other users had to re-accept the voucher so that the next available voucher number is allotted to their vouchers. This was time-consuming and hindered smooth data entry operations. The Multi-user Auto voucher-numbering option in Tally.ERP 9 ensures that the vouchers are numbered sequentially, enabling the user to work efficiently without any hindrance.

Banking :

• An option Print Bank Transaction Details is provided under F12: Formal Receipt Printing Configuration. Tally.ERP 9 will print bank details on formal receipts when this option is enabled.
• For Formal Receipts, option to print details of Bank and branch name of the payer’s bank used for the transaction, is provided.
• Users can now provide only display rights for viewing/printing of the Bank Reconciliation report if the option Display/Print is Allowed for them, although Full Access to Create/Alter is Disallowed.
• Tally.ERP 9 is enhanced to perform Auto Reconciliation for NEFT/RTGS transactions. The option S: Set All Dates in the Bank Reconciliation report is replaced by S: Set Bank Date. While the former allowed users to set a single date for all transactions, the latter provides the additional option of setting dates as per the Instrument Date that has been specified in the Bank Allocations screen for each voucher, or as per the Voucher Date itself. The bank dates for all transactions will be automatically filled as per the Bank Date Type chosen.
• In the Cheque Dimensions screen that appears when a Bank ledger is being configured for cheque printing, d d m m _ _ y y has been added to the list of Style of Dates. When this option is selected, only the last two digits of the year will be printed as the date on the bank’s cheques.
• If the account holder’s name has been specified in the ledger master of a bank, the same will be printed as the Account Holder Name on the Cash Deposit Slips for that bank.
• Tally.ERP 9 is enhanced to validate bank account numbers ignoring the zeroes prefixed, while importing bank statements for reconciliation.
• An option, Print Narration, is added to the Payment Advice Print Configuration options. When set to Yes, voucher narration will be printed on the payment advice.
• Journal Vouchers can be created using the option C: Create Voucher, for transactions listed under the section Amounts not reflected in Company Books in the Bank Reconciliation report.

Budgets and Credit Limits:

• The Credit Limit control set for a party ledger will not be applied on sales orders. The warning message on the credit limit will appear and the voucher can still be saved.

CST :

• The CST Forms details entered in the invoice will get printed even in Simple Format
• In CST Forms Issuable report, the width of the Form Number field is increased to accept 20 characters

And more……

 

The highlights of this release are listed below.

Excise for Manufacturers :

Excise Supplementary Invoices :

• A provision to create ‘Supplementary Invoice’ to account for price revision and differential duty amount

Excise Credit Note :

• Excise Credit Note Voucher Type has been enhanced to account ‘Sales Return’ of Excisable Goods and for availing corresponding CENVAT Credit
• Rule 16 Register has been provided to capture the Excise Credit Note details and its disbursal

Export Procedure :

• A provision to record Export transactions i.e. Export under Bond /LUT, Export under Rebate, Sale to Merchantexporter, Sale to 100% EOU etc. has been provided for manufacturers
• A provision to generate Rule-11 Invoice in ‘Indian Currency’ and Commercial Invoice in  ‘foreign-Currency’
• Report to track CT-1 and CT-3 Outstanding

Service Tax :

• Provision to opt for Accrual or Realisation, as the basis of computation for Registration types – Limited Liability Partnership, Individual/Proprietary, Partnership, if the aggregate value of taxable services is fifty lakh rupees or less in the previous financial year.

Payroll :

• Provision to process salary after deduction/contribution to the new pension scheme provided under Section 80 CCD(1) / (2) of the Income Tax Act

Data Analysis and Verification :

• Data Analysis and verification tools will help users to analyze financial data and identify  exceptions resulting in better decision making
  Note: This tool will be available for the following countries: Bangladesh, Bahrain, Ghana, Kenya, Kuwait, Nepal, Nigeria, Oman, Pakistan, Qatar, Saudi Arabia, Sri Lanka, Tanzania and UAE

Others Enhancements :

• Option to mail and mark copies (CC) to multiple recipients for faster and efficient e-mailing
• The multi-user auto voucher numbering feature allows for automatic saving of vouchers with new voucher number in a multi-user environment

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

The new Tally.ERP 9 Release 4.71 (Beta) is available now!

FREE for all users of Tally.ERP 9.*

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. This migration is recommended for all Tally 9 licenses.

Enhancements :

• Excise for Manufacturers with Supplementary Invoices and Credit Notes
• Service Tax for organizations with service turnover of less than 50 Lakhs
• Payroll with provision to process salary with New Pension Scheme

 

New Features :

Tax Deducted at Source :

• In adherence to the amendments made to Finance Act 2013, tax deduction at the rate of 5% for 194LC is supported for the nature of Payment Income From ForeignCurrency, Bonds Or Shares of Indian Company irrespective of whether or not PAN       for the deductee is specified in the party ledger

Maharashtra – Local Body Tax :

• To support printing of Registration details specific to Local Body Tax in invoices, the facility to enter the same in the Company and Ledger master level has been provided

Performance

• The time taken to display TDS Details screen while recording a Journal Voucher has been reduced.

 

Functional Issue Resolved :

Accounting Reports :

• When Bill- Party wise report was printed after a Print Preview, with the option Start fresh page for each Account set to No, the printout was bill-wise and not Party-wise.
  This issue has been resolved.
• Exporting Bill-Party wise Outstandings report to Excel was taking time.
  This issue has been resolved.
• During Multi Account Printing for a Group of Accounts, if the option Show Contact Details was enabled and the option Start fresh page for each Account was disabled in the Print Report screen, contact details of the parties were not being printed.
  This issue has been resolved.
• Net Profit in P&L Account was getting captured as Opening Balance in the Ledger Vouchers report of Profit and Loss Account.
  This issue has been resolved.

And more……

 

The highlights of this release are listed below.

Tax Deducted at Source :

• In adherence to the amendments made to Finance Act 2013, tax deduction at the rate of 5% for 194LC is supported for the Nature of Payment Income From Foreign  Currency, Bonds Or Shares of Indian Company irrespective of whether or not PAN  for the deductee is specified in the party ledger.

Maharashtra – Local Body Tax

•  To support printing of Registration details specific to Local Body Tax in invoices,  the facility to enter the same in the Company and Ledger master level has been provided

Accounting Reports

• View all Party Outstandings in Receivables, Payables and Group Outstanding reports with the new option ‘Bill-Party wise’ for a quick analysis

Payroll

• As per the Budget 2013-14 , the following changes are supported:
  • Tax Rebate U/s 87A of an amount equal to a) Rs. 2,000 per annum or b) Total tax amount whichever is less, for resident individuals with total taxable income up to Rs. 5,00,000
  • Surcharge of 10% for individuals whose taxable income exceeds Rs. 1 crore per year
  • Income Tax Benefit on interest on Housing Loan (First Time Buyer) U/s 80EE

Printing

• Now ZOOM IN up to 600% in print preview of all reports / invoices using mouse and keyboard for enhanced visibility

TDS

• TAN and PAN structure will be validated during creation to eliminate errors in filing returns
• Now, Proprietorship firms can print TDS Challans and returns with proprietor’s name , as mentioned in PAN
• TDS Computation report (Party/Expense Wise) can now be sorted based on Date, Ref No . or Nature of Payment

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