Multiple Addresses For Company and Ledger Masters

With the powerful facility in Tally.ERP 9, users can generate as many Labels as required, and do so as per their business’ nomenclature. This facility allows them to choose Labels like ‘Godown’ or ‘Warehouse’ or ‘Branch (South)’ apart from Head Office, Corporate Office etc., with corresponding details for each. Then, the user simply selects the appropriate Label from the list and the full address gets inserted in the Invoice. Multiple Addresses facility is extremely useful when Companies have multiple offices.

How to do in Tally ERP 9 Rel 3 :

  • Enable Multi-Address
  • Use Multi-Address in Ledgers
  • Print Multi-Address in Reports

For download the pps file click here (more in details)

Income Tax for Salaries

Income Tax is Personal Again

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.

This exciting feature makes it possible to generate the income tax computation sheet and IT Returns and mail it to employees, 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

Image printing in Tally ERP 9 Rel 3.0

Brand Your Reports And Documents With Your Company’s Unique Identity

Print logos on your business invoices and reports with the Image Printing facility in Tally.ERP 9 Series A Release 3.0. Print images stored in BMP or JPEG formats. It is completely simple and can add finesse to any outgoing documents.

Benefits:

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

For download the Tally ERP 9 Rel 3.o click here

Indian Rupee Symbol in Tally ERP 9 Rel 3.0

India’s new currency symbol brings it into an exclusive international club of 8 countries with their unique symbols. Tally.ERP 9 Series A Release 3.0 allows you to use the new symbol for your business, integrating it with all documents. Go ahead…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

For download the Tally ERP 9 Rel 3.o click here

Tally.ERP 9 Series A Release 3.0, Build 09 18th Feb 2011

The new Tally.ERP 9 Release 3.0 is available now!

FREE for all users of Tally.ERP 9.*

Little things in Tally.ERP 9 Release 3.0 enable you to do much more…and impact your business positively. A Bank allocation feature that eases transactions and processing. Or the feature that lets you settle your pending Bills from the outstandings report. Others that let you close your dangling accounts, or boost your business’ image by adding your company logo to invoices.

The highlights of this release are listed below.

  • Rupee Symbol
  • Image Printing
  • Banking
  • Tally Marketplace
  • Bill Settlement from outstanding
  • Pre-Closure of Orders
  • Receipts & Payments Reports
  • Job Work In/Out
  • Income Tax for Salaries
  • Cash flow projection statement
  • Multiple addresses for company and ledger masters
  • Tally in Arabic

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 @ C-Change 2011

Tally was there at last year’s C-Change held at the Goa Marriott. Our presentation titled “Collaborate & Grow” painted a strategic Supply Chain Management story that would help the enterprise CIO take his or her Company to the next level.

In this C-Change we’ll be bringing you predictive means of going beyond technology challenges beginning from the philosophical stages of Design, to demonstrate how technology agnosticism will:

  • Improve usability
  • Reduce noise
  • Boost collaboration
  • Enhance intelligence

Tally Representation

The Tally team will be headed by Shoaib Ahmed-President, and can be engaged with at the Tally stall or at the networking sessions arranged during the event.

Agenda

Date (18th Feb) Session Speaker
16:25 hrs -16:45 hrs Technology Solution Session Shoaib Ahmed

About C-Change

CIOL and Dataquest present the Eighth Business Technology Forum, C-Change 2011. This Annual forum creates a platform that brings together the top 100 CIOs and business leaders for a peer to peer interaction, learning and knowledge sharing about technology from business perspective.

2011 edition of C Change will focus on accelerated change for those CIOs who can bring to the enterprise a new strength repertoire by creating new values and collaborating with newer partnerships and technologies click here for more…

How to account TDS deducted by your customer

When we raise an invoice to our client, on which our client is requires to deduct TDS and pays the balance amount to us. The amount so deducted by our client, he is liable to pay it to the Income Tax department within first week of next month, hence its a receivable for us which we have to claim from the Income Tax Department and not from our client.

Now, we will see how to handle this situation in Accounts and Tally ERP 9 ?

Suppose we  have issue a bill of Rs. 80000 on which Customer deducted TDS of Rs. 800 and pays you Rs. 79200 back to us. Then the entry in your books will be as under :

Particulars Amount
Dr. Bank Account Rs. 79200
Dr. TDS Receivable Account Rs. 800
Cr. Customer Rs. 80000

( This ledger should be open under the Group Loans & Advances (Asset))

The result will be that your customer a/c will be settled off and the TDS amount will be shown as receivable in the Balance sheet which we have to claim from the Income Tax department. We will get Form No. 16A From our client in this regard in support of our claim.

Tally ERP 9 Release 3.0 upcoming features

Tally ERP 9 Release 3  of Current series A is due and it will be available soon to all the Tally users.

There are some long-awaited and expected features for which Tally community was looking since a long time.
Here is the brief features that will be available with Tally ERP 9 Rel 3,

  • Auditor’s edition enhanced with form 3CA and 3CB
  • Now you can enter Multiple addresses for the Company and for Debtors and Creditors in Master ledger
  • Complete  Jobwork  module for manufacturers with excise compliance
  • Rs symbol has changed
  • multiple outstanding entries will be available.
  • if  you want to insert your company logo, in the bills etc.., it can be done ! now no more need to customise for logo print or any TDL!
  • auto back in customised path/folder. An enhanced feature  of the earlier release 2.1,and now you can set your own path/folder to take auto back up of your data
  • Customer can select the reports he sees often and add it to ” my Favorites “
  • Pre order closure is available.
  • Form no. 16 for employee and tds on salary module will now be available.
  • last, but not least,call the expert toll-free no charge! see the picture below now for any of query just call a tally expert from tally software free of cost and get solve your query in no time.

For Sales and Support

Note : All this features will be available only to licensed Tally users and whose Tally Net Subscription (TNS) is active.

If your TNS     had been expired then you may renew it now.

Schedule-VI Balance Sheet

Schedule-VI Balance Sheet provides the representation of company’s financial position at any point in time in the Schedule VI format of Company’s Act. As per Schedule VI format the Balance Sheet displays the balances between the Sources of Funds and Application of Funds.

  • Sources of Funds: comprises of Liability and Equity
  • Application of Funds: comprises of Current and non Current Assets

In Auditors’ Edition of Tally.ERP 9, all the default Tally Groups are mapped to the Schedule VI Groups to display the Schedule-VI Balance Sheet on click of a button. The option has been provided to reclassify the above default classification as per the Auditor’s requirement without effecting the  Client’s data.

To generate the Schedule-VI Balance Sheet,

Go to Gateway of Tally > Audit & Compliance > Financial Statements > Balance Sheet

The above report displays the Balance Sheet as per the Schedule VI format with the balances against each Schedule VI Group.