Release Notes · TallyPrime 7.1

TallyPrime 7.1 Release Notes for GST, IMS, Banking & Invoicing

Explore the key TallyPrime 7.1 updates, including invoice print templates, GST enhancements, IMS reconciliation, Auto Wrap Text, ICICI Connected Banking, bank reconciliation, and accounting improvements designed to simplify daily business operations.

Coming Soon - TallyPrime Rel 7.1 → View Key Features

Tally 5-Star Certified Partner 35,000+ Businesses Served Pan-India Support

New features that simplify accounting, GST and banking.

6+Major updates

GSTCompliance focus

IMSReconciliation

ICICIConnected Banking

Invoice Print Templates Create professional invoices with logo, watermark, custom fonts, colours and terms.

Key Updates

What’s new in TallyPrime 7.1?

TallyPrime 7.1 focuses on practical improvements for invoicing, GST compliance, IMS reconciliation, banking, report readability, and everyday accounting workflows.

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Invoice Print Templates

Create professional branded invoices with logo, watermark, header, footer, custom fonts, colours, and terms suited to your business.

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IMS Reconciliation

Compare inward supplies with books, review supplier details, and identify reconciled, mismatched, pending, or action-required transactions.

Auto Wrap Text

Improve readability of long text in masters, vouchers, reports, printouts, exports, and shared business documents.

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ICICI Connected Banking

Initiate eligible ICICI payments from TallyPrime and reduce switching between accounting software and banking portals.

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Bank Reconciliation

Use Potential Matches Summary and bill-wise details to speed up bank transaction matching and voucher creation.

GST & Accounting Enhancements

Improve GST checks, HSN/SAC validation, e-Way Bill handling, discount entry, and voucher number control.

Feature Highlight

Professional Invoice templates that match your brand

TallyPrime 7.1 introduces invoice print template enhancements that help businesses create clean, branded, and professional invoices without complex formatting.

✓ Add company logo, watermark, header and footer images
✓ Use custom fonts, colours, and terms and conditions
✓ Save preferred invoice templates for different voucher types

Get Invoice Template Setup Help

TAX INVOICE

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GST, IMS & Banking

TallyPrime 7.1 Feature Improvements

GST Compliance Made Easier

TallyPrime 7.1 helps businesses manage GST-related activities with better control over validation, return settings, e-Way Bill handling, and day-to-day compliance checks.

✓Validate HSN/SAC details from masters and GST reports
✓Exclude transactions that do not require e-Way Bills
✓Update GST return effective dates when required
✓Support Kerala e-Way Bills for gold and precious stones
✓Reduce manual checks in GST-related workflows

Better Inward Supply Matching

TallyPrime 7.1 improves IMS reconciliation by helping users compare book records with supplier data and identify transactions that require review or action.

✓Fetch supplier details using GSTIN/UIN
✓Review inward supplies with Books View
✓Identify reconciled, mismatched, pending, and action-required records
✓Improve purchase invoice and ITC review workflows
✓Reduce manual comparison of supplier invoices and books

Connected Banking and Faster Reconciliation

TallyPrime 7.1 improves banking workflows by helping users handle eligible ICICI payments and bank reconciliation tasks with fewer manual steps.

✓Make eligible ICICI payments from TallyPrime
✓View possible bank and book matches faster
✓Add bill-wise details while creating vouchers
✓Reduce manual reconciliation effort
✓Improve payment and bank statement workflows

Flexible Accounting Workflows

TallyPrime 7.1 supports smoother accounting entries by improving discount handling, voucher number control, and daily transaction recording.

✓Apply discounts by percentage
✓Apply discounts by amount
✓Use both percentage and amount discounts
✓Reuse deleted voucher numbers when needed
✓Improve control over routine accounting entries

Business Benefits

How TallyPrime 7.1 Helps Businesses Work Faster?

Every feature is designed to reduce manual effort, improve clarity and support better compliance workflows.

Feature	Business Benefit
Invoice Templates	Create professional branded invoices with better presentation and consistent business identity
IMS Reconciliation	Match inward supplies and supplier invoices with better visibility and control
Auto Wrap Text	Improve readability in vouchers, masters, reports, exports, printouts, and shared documents
ICICI Connected Banking	Complete eligible payment workflows with less switching between TallyPrime and banking portals
Bank Reconciliation	Identify potential matches faster and reduce manual transaction matching effort
GST Enhancements	Improve GST validation, e-Way Bill handling, return settings, and transaction review workflows
Flexible Discounts	Record percentage, amount, or combined discounts more easily in sales and purchase workflows

Who Should Upgrade?

Built for businesses that use TallyPrime every day

Businesses that rely on TallyPrime for invoicing, GST compliance, IMS reconciliation, banking, and accounting can benefit from the latest productivity and workflow improvements in TallyPrime 7.1.

Business Owners Accountants GST Consultants Finance Teams Traders Manufacturers Distributors Retailers Service Providers ICICI Bank Users

Antraweb Support

Upgrade with Antraweb expert guidance

Antraweb Technologies can help businesses with TallyPrime 7.1 upgrade guidance, invoice template setup, GST and IMS configuration, connected banking assistance, bank reconciliation support, customization, training, and ongoing Tally support.

TallyPrime 7.1 Upgrade Support

Get expert guidance for planning and upgrading from your current TallyPrime version.

Invoice Template Setup

Configure branded invoice templates with logo, watermark, fonts, colours, and business terms.

GST & IMS Configuration

Set up GST features and IMS reconciliation workflows for smoother compliance review.

Connected Banking Assistance

Get help with ICICI Connected Banking setup, payment workflows, and usage guidance.

Bank Reconciliation Support

Improve bank statement matching, potential match review, and voucher creation workflows.

Ongoing Tally Support

Get continued support for troubleshooting, configuration, training, and daily TallyPrime usage.

FAQs

Frequently Asked Questions

TallyPrime 7.1 brings key updates for invoice print templates, GST workflows, IMS reconciliation, Auto Wrap Text, ICICI Connected Banking, bank reconciliation, and accounting improvements. These updates are designed to help businesses create better invoices, review GST data, reconcile faster, and manage daily accounting tasks with less manual effort.

The main features include invoice print templates, GSTIN/UIN-based supplier detail review, Books View in IMS reports, Auto Wrap Text, ICICI Connected Banking, Potential Matches Summary for bank reconciliation, GST-related improvements, flexible discount handling, and better voucher number control.

Yes. TallyPrime 7.1 supports professional invoice print templates that can include a company logo, watermark, header, footer, custom fonts, colours, and terms and conditions. This helps businesses create cleaner and more branded invoice formats.

TallyPrime 7.1 improves IMS reconciliation by helping users compare inward supplies with book records, review supplier details using GSTIN/UIN, and identify reconciled, mismatched, pending, or action-required transactions more easily.

Yes. TallyPrime 7.1 includes GST-focused improvements such as HSN/SAC validation, e-Way Bill handling, GST return effective date controls, and better review workflows for GST-related transactions.

Auto Wrap Text improves the readability of long text in masters, vouchers, reports, printouts, exports, and shared documents. It helps users review important business details without text getting compressed or difficult to read.

TallyPrime 7.1 includes ICICI Connected Banking improvements that help eligible ICICI Bank users initiate payments from TallyPrime and reduce switching between TallyPrime and banking portals.

TallyPrime 7.1 helps improve bank reconciliation with Potential Matches Summary and bill-wise details while creating vouchers. This helps users identify possible bank and book matches faster and reduce manual reconciliation work.

Businesses using TallyPrime for invoicing, GST, IMS reconciliation, banking, accounting, and reporting should consider TallyPrime 7.1. It is especially useful for business owners, accountants, GST consultants, finance teams, traders, manufacturers, distributors, retailers, service providers, and ICICI Bank users.

TallyPrime 7.1 is currently positioned as coming soon from Antraweb. Businesses can explore the key updates on this page and connect with Antraweb experts for upgrade guidance, configuration support, and TallyPrime assistance.

Yes. Antraweb Technologies can help with TallyPrime 7.1 upgrade guidance, invoice template setup, GST and IMS configuration, Connected Banking assistance, bank reconciliation support, customization, training, and ongoing Tally support.

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Ready to upgrade to TallyPrime 7.1?

Get expert support from Antraweb Technologies to upgrade, configure, and use the latest TallyPrime features for invoicing, GST, IMS, banking, and accounting.

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