In the world of business, managing finances is like navigating a ship through ever-changing waters. Imagine a reliable compass, Tally software, guiding countless businesses through these financial crises. It all began with Tally ERP 9, a powerhouse in handling accounts and inventories, setting the stage for something even more remarkable.
ERP 9
Tally ERP 9 is a robust business management software known for its adaptability and efficiency. It integrates crucial aspects like accounting, inventory, sales, manufacturing, taxation, banking, payroll, and MIS reporting, tailored to suit diverse business workflows. Its standout features include real-time data processing, comprehensive reporting, multi-currency support, and adherence to tax regulations. With an intuitive interface and robust functionalities, Tally ERP 9 empowers businesses to efficiently manage finances, monitor inventory, and make informed decisions swiftly.
The Evolution of Tally Prime
Over the years, Tally the trusted accounting software has come a long way from ERP 9 to Tally Prime. ERP 9 was like the sturdy backbone of many businesses, handling accounts, inventory, and more. But then, along came Tally Prime a sleeker, more user-friendly version.
It's like comparing a reliable old car to a shiny new car with modern equipment. Tally Prime didn't just upgrade the interface; it made tasks smoother, faster, and more intuitive. With each updates in businesses and evolving government regulations. Each version has been a step forward, catering to the evolving needs of businesses in the digital age. As of Now, Tally has rolled out three main versions of Tally Prime - Tally Prime 1, Tally prime 2, and Tally Prime 3 - and the eagerly anticipated next release on the horizon is Tally Prime 4.
Let's take a closer look at each version of Tally Prime and explore the evolutionary milestones, the progress that has revolutionized of each Tally Prime version
Tally Prime Release 1.0
Tally Prime 1.0 is an advanced business management software created for accounting, inventory management, and financial operations. It offers streamlined data entry, powerful reporting tools, and user-friendly interface. Tally Prime 1.0 aims to simplify complex accounting tasks while providing comprehensive insights into business performance.
After Tally Prime Release 1.0 there were few minor updates were made with the version for enhancing the efficiency of the businesses
Release 1.1 : This brought in E-invoicing feature, making it easier to create digital invoices within Tally Prime.
Release 1.1.2 : This update brings a new Kenya VAT return template and adds QR codes to E-Invoices for users in India.
Release 1.1.3 : This makes you comply with VAT regulations in Oman. Additionally, Indian Users can now export section-wise JSON files of GSTR-1 for IFF. Other improvements include an Undo Cancellation option for E-Invoices and the ability to print logos in a basic invoice format.
Release 1.1.4 : This helps you manage TCS according to the 2020 budget, offering operational benefits. Additionally, the E-Invoice sandbox experience allows you to practice E-Invoicing skills before performing activities on NIC (National Informatics Center).
Tally Prime Release 2.0
With this new version of Tally Prime. This brings a connected e-Way Bill experience and introduces the Save View feature for reports in Release 2.0. It also includes online validation features for GSTIN/UIN and HSN/SAC, along with various other product improvements.
In Release 2.0.1, a newly added bottom bar enhances efficiency, allowing easy operations through mouse or shortcut keys. Receive timely notifications about Tally Prime releases, TSS validity, and Rental license expiry.
In Release 2.1, the Edit Log feature keeps a trail of every activity for better control. Choose between Tally Prime and Tally Prime Edit Log based on your business needs. Ensure document authenticity with dongle-based digital signatures.
Tally Prime Release 3.0
This new version of Tally, Release 3.0, gives you more flexibility with revamped GST features. One can now manage multiple GSTINs in a single company, specify tax rates, and customize voucher numbering series. A new Payment Request feature allows easy generation and sharing of payment links and QR codes (using Payment Gateway or UPI).
Advanced report filters make it easy to find specific documents based on your conditions. Additionally, the data migration and repair experience has been improved for smoother operation.
Tally Prime Release 4.0
The upcoming Tally Prime 4.0 is packed with exciting new features to enhance your experience. It introduces a graphical Dashboard for insights into your financial data and business trends. Plus, there's an improved Import feature that allows data import from Excel files. Additionally, you can now swiftly send documents via Whats App directly from Tally Prime. Please note, the full release for public use is coming soon.
