Tally Business Solutions

Tally Business Solutions

Since 2009


Product - TallyPrime



  • Tally Prime- Gold ,Silver
  • Inventory Management
  • Inventory and Accounting
  • Reports
  • Credit and Cashflow Management
  • Taxation
  • Banking
  • Net Capabilities
  • Cost Control and Cost analysis
  • Enhanced Security Management
  • EPayroll Management
  • Other Valuable Features
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Your growth Partner

To grow your business, and to make the right business decisions, you need the right insights . With features like “Go To” and “customisable reports” in the new TallyPrime, you can discover and look at reports, slicing and dicing them the way you want. To help you in your growth journey, TallyPrime enables you to manage multiple companies and incrementally add features such as multiple go-downs, multi-currency, order process, cost centres etc. This helps you get rid of complexities, and in turn, focus on business growth.



Better control over cash flow

Quick and hassle-free bills receivables and payable management help you to get paid faster as well as managing payment timelines. Also, Tally facilitates easy and efficient stock movement, making it possible to optimize the cash flow. Besides, the insightful reports at blink of eye help you make confident decisions and plan the growth of your business better.

Enhanced Business Efficiency

With the speed that Tally brings, you can get things done quickly and save precious time, helping you do more for less. With TallyPrime, you can print or view the reports being in the middle of voucher entry, you can load another company being in a report without abandoning the activity you were on it, get to know the irregularities or odd details from every reports that you view and much more. No more remembering short cut keys, you have the intuitive and consistent workflow that helps you do work faster.

Tax compliance made easy

Tally’s Prevention, Detection and Correction mechanism ensures that your books are always accurate, hence giving you the confidence that the returns you file are always correct!


Our deep understanding of the SME sector has helped us build a delightful product around 4 key pillars:


SIMPLICITY

If your business has multiple product lines and each product line needs segregation, you can do so easily with TallyPrime by defining unlimited groups, categories, batches and locations/Godowns.

SPEED

We understand the importance of getting things done quickly. Hence, Tally has been made extremely fast and responsive, whether you're entering data or fetching a report.

FLEXIBILITY

Your business operates in its unique way and we understand that. Tally has been built to adapt to your business needs, so that you don't spend time adapting to a software!

RELIABILITY

Trust is important and thus, we strive to deliver products that you can always rely on. Your data is always safe and secure in Tally, even in the most unpredictable environments!

Inventory Management

Define unlimited Groups, Categories, Batches, Locations/Godowns

If your business has multiple product lines and each product line needs segregation, you can do so easily with TallyPrime by defining unlimited groups, categories, batches and locations/Godowns.

Flexible Units of Measure

Handling real-time complexities like 'the requirement to buy in one unit and sell in another', 'Stock Items required to be quantified in more than one unit', 'measuring the unit of stock item with floating conversions' etc. is no more a tedious task with TallyPrime. The flexible units of measure in TallyPrime allows you to manage and quantify the stock the way you want.

Manufacturing Journal

Record the entire cycle of manufacturing activity using TallyPrime. Record raw materials involved, track godowns from where the raw material is dispatched and their purchase costs. Record the details of finished goods, by-products and scrap yielded.

Bill of Material

The comprehensive Bill of Material (BoM) feature in TallyPrime allows you to define the raw materials, assemblies, parts and components, along with quantities of each inventory, needed to manufacture a finished product. You can also define the by-products, co-products and scrap in BOM of finished products.

Re-order Level

Using Reorder level in TallyPrime, you can ensure that you never run out of stocks and in real-time get to know the stock which must be replenished along with right quantities. You can set re-order level and Minimum order level and automatically generate re-order status report along with shortfall and quantities to be ordered.

Multiple Stock Valuation

TallyPrime lets you value your closing stock using different stock valuation methods. The flexible stock valuation method allows you to set different stock valuation method for each item based on your requirement. TallyPrime supports the following stock valuation Methods.

      • Average Cost
  • • FIFO
  • • FIFO Perpetual
  • • Last Purchase Cost
  • • LIFO Annual
  • • LIFO Perpetual
  • • Std. Cost
  • • Monthly Avg. Cost
  • • At Zero Cost

Job Work

With TallyPrime 's powerful Job work feature, you can completely manage job work process both as principal manufacturer and job worker. It's flexible to record the Material issues, receipts, consumption of materials supported by job work reports to give complete visibility of job status and material status.

Manufacture and Expiry Date Management

Manufacture and expiry date management is crucial for business dealing with products having defined shelf life or short durability. With TallyPrime's batch summary report, you can maintain batches with manufacturing and expiry dates and get the complete visibility of batch details such mfg Date, expiry date, no of days till expiry etc..

Additional Features for easy Inventory Management in TallyPrime

  • • Flexible inventory management system to handle exceptions so that no crucial information stays outside the system and help you make informed decisions
  • • Variety of inventory reports such as stock summary, aging analysis report, item-wise profitability etc. help you to keep a watch on stock movement and manage your inventory more efficiently
  • • Using Job costing feature in TallyPrime you can track cost and revenue information like material, labour, and overhead for each job, down to the smallest detail.
  • • Effectively track and ascertain the procurement cost, landing costs, manufacturing or production costs, order cost or profit, and job cost or profit, using Item Cost Tracking feature in TallyPrime
Invoicing and Accounting

Create Professional looking GST compliant Invoice in seconds

It's simple to create, print and e-mail a professional looking invoice in a few seconds. With the capability to configure additional information in the invoice, add your logo and more, as per your preferences.

Built with intelligence to automatically generate different types of GST invoices like Tax Invoice, Bill of Supply and generate e-way bills without having to re-enter details in the e-way Bill portal. What’s more? You can automatically generate e-invoice and print invoices with IRN and QR code instantly.

Flexible Units of Measure

Handling real-time complexities like 'the requirement to buy in one unit and sell in another', 'Stock Items required to be quantified in more than one unit', 'measuring the unit of stock item with floating conversions' etc. is no more a tedious task with TallyPrime. The flexible units of measure in TallyPrime allows you to manage and quantify the stock the way you want.

Flexible Purchase and Sales Management

Do you follow different sales and purchase cycle? Does your buying and sales cycle differ from party-to-party? Do you not follow a complete Order cycle, but a simple purchase/sales and Payment/Receipt?

TallyPrime is designed with complete flexibility to suit different purchase and sales processes, followed by the business. Be it purchase or sales orders, debit or credit notes, keep your books up to date with TallyPrime.

Multiple Billing Format

TallyPrime supports different billing formats to suit your business needs. Whether you deal with Products or Services, you can choose a suitable invoice format for faster billing.

Multi-Currency Support

With TallyPrime, you can record invoice, quotation, orders, accept payments and receive bills in foreign currency. The gains or losses in Forex that occur due to daily variations in currency rates are auto-calculated and can be adjusted by simply recording a journal entry.

Multiple Address

With TallyPrime you can maintain multiple mailing details for your company and ledgers. Create multiple addresses for your company and party ledgers and use them in invoices and reports as required.

Few more Invoicing and Accounting Features in TallyPrime

  • • Average Cost
  • • Your bills receivables and payables are managed automatically while you save your invoice
  • • You can Pre-set the details such as Duty ledgers, additional ledgers etc. to reduce the repetitive data entry in the invoice
  • • You can easily record post-dated transactions supported with post-dated register
  • • You receive support for promotional transactions such as free schemes, samples through Different Actual and Billed quantity and zero-valued transactions.


Reports

Get a 3600 view of your business via Insightful Business reports in TallyPrime

Did you know that there are more than 400 business reports in Tally? TallyPrime sees the introduction of a new and powerful search bar called “GoTo” for all business reports in the application. This means you have a view of all business insights in one place and can explore them conveniently

Wide variety of insightful business reports are available for you to assess the performance of the organization and for confident decision-making.

Accounting Reports

  • • Ledger Reports
  • • Cash/Bank Books
  • • Purchase/Sales register
  • • Bills Receivables
  • • Bills Payables
  • • Receipts and Payments
  • • Day book
Financial Reports

  • • Balance Sheet
  • • Profit & Loss A/c
  • • Trial Balance
  • • Ratio Analysis
Accounting Reports

  • • Ledger Reports
  • • Cash/Bank Books
  • • Purchase/Sales register
  • • Bills Receivables
  • • Bills Payables
  • • Receipts and Payments
  • • Day book
Inventory Reports

  • • Stock Summary
  • • Stock Aging Analysis
  • • Movement Analysis
  • • Stock Transfers
  • • Stock Item Cost Analysis
  • • Location/Godown Summary
  • • Stock-Item-wise Profitability
  • • Order Summary
  • • Batch Summary (Mfg. & Exp.Date)
  • • Re-order Status Reports
Management Control Reports

  • • Cost Centre
  • • Cost Category
  • • Budget
  • • Cash Flow Report and Projection
  • • Funds flow
Accurate and Insightful reports at the blink of an eye

TallyPrime is carefully designed to provide insightful reports at the speed in which your mind seeks information. It is engineered to keep all the reports ready as and when transactions are recorded, and insights are right there, exactly when you need them.

Designed to aid in analysis

In TallyPrime, the business reports are designed to aid in analysis for confident business decisions. You can slice and dice the information in reports by including and excluding the details and create different viewpoints to understand the reports better.

With a click of a button, you can identify the irregularities requiring your attention from every report you see, generate comparative analysis across period (e.g. weekly, fortnightly, monthly) and across multiple companies and so much more.

Getting Around Reports is easier

It's quite natural for mind to seek additional information in the process of decision making. You may want to see order outstanding while you are looking at the closing stock summary or you want to see all related information of a party being party ledger report. We got it covered!

In TallyPrime, it's very easy to navigate other business-related reports with the capability to return to the same report with the click of a button.

Personalise Your Reports the Way You Want

Using TallyPrime, you can personalise the reports by creating and saving multiple views of the same report in a way you want and the way it best suits you. What’s more? You can give a name of your choice to the custom created view and make it a default view so that you need not configure it every time.

Flexible to Configure Information in Report

The display of information in a report right from MIS reports to the Final reports can be configured by the user to get the maximum benefit from the data that is entered. Every report provides you with additional information for better business decisions.

Credit and Cashflow Management

Receivable and Payable Management

In TallyPrime, for each invoice, a unique bill reference is automatically generated to manage the outstanding.All you need to do is track the bill on accepting or making payments, and voila, it will be easy for you to track and match invoice, and get to know the pending bills.

Ageing Analysis

With TallyPrime's ageing analysis report, you can easily identify the bills which are ageing from a long time and accordingly follow-up. The ageing style and ageing interval can be set according to your needs.

Multiple Bill Settlement

Using Bill Settlement option in TallyPrime, You have a faster method to clear a party's bulk payments for multiple pending bills together.

Cash and Funds Flow

Get the status of cash flow and funds flow in a single click with TallyPrime. Track and plan the cash flow and allocate capital rightly for the smooth functioning of the business.

Cash Flow Projection

A cash flow projection considers various instance of anticipated inflow and outflow and accordingly projects the net balance available for a given period. Instant cash flow projection report in TallyPrime helps in planning your investment or spendings keeping in mind the expected inflow.

Credit Control Techniques

To ensure better credit management, you can set maximum credit limit based on the credibility of the customer. You will also be notified through an alert during a sales invoice if your customer has any overdue bills.

Few more things you can do to manage cash efficiently

  • • Send professional-looking reminder letters to your customers in a click.
  • • Get to know the average time your customers take to actually pay their bills through payment performance report
Taxation

GST Compliance and Filing

Whether you file GST returns yourself or share the data with your tax consultant, TallyPrime makes GST filing simpler for you. The built-in capability of error detection and correction ensures that you file your GST returns correctly.

e-Invoice

With TallyPrime, you can generate e-invoice instantly with no changes to invoicing process that you follow. With TallyPrime’s connected services, you can automatically generate e-invoice and print IRN & QR code on the invoices without manual intervention. TallyPrime also supports the bulk generation of e-invoices and offline generation e-invoice file (JSON) to handle exigency scenarios.

TallyPrime also comes with an exclusive report which will give you a complete view of the status (generated /pending/cancelled) of your transactions. An alert mechanism to ensure you are in complete control of e-invoices from accidental modification/deletion etc. and redundancy in case of multi-user environment.

Fully Connected e-way Bill Solution

Using TallyPrime’s online connected e-way bill solution, you can instantly generate e-way bill for a single invoice in the flow of recording invoice or multiple invoices from a report. All you need to do is just record an invoice and TallyPrime will automatically generate e-way bill and capture e-way bill number on the invoice. This comes with an option to extend, cancel and update e-way bill details online within TallyPrime.

GST Compliance for Composition Dealers

Businesses who have opted for composition scheme can manage their compliance easily using TallyPrime. From recording Bill of Supply to generating GSTR-4/CMP-08 in the prescribed format Tally makes it simpler and easier.

Managing TDS and TCS is no longer tedious

In TallyPrime, you can manage TDS and TCS requirements for your business in an accurate and simplified manner. The return forms are designed to detect errors/incomplete details and allow you to correct them seamlessly, so that the return is 100% fool-proof.

Always Stay Compliant

No worries of changing laws, you are always up to date and compliant with TallyPrime. Regular product releases ensure that new laws, law changes, returns etc. are supported on-time.

Support for Previous Tax Regimes VAT/CST, Excise

Wondering how to manage business data of previous tax regimes? With TallyPrime, you can manage data from both the previous and current tax regimes in a single company. Viewing transactions and getting reports for the complete financial year is also not taxing anymore.

Other Features to Manage compliance with ease

  • • Easy and quick to configure the tax details via GST Rate Set-up.
  • • You can export the return data in the multiple formats. For e.g. GST Return data in JSON and MS-Excel.
  • • Generate consolidated e-Way Bill by selecting the required invoices.
Banking

Auto Bank Reconcilation

Reconciling bank statements with a long list of transactions is no more stressful! With TallyPrime, you just need to import the e-statement downloaded from the bank portal and reconciliation will happen automatically. Supports bank reconciliation for more than 100 banks.

Generate Cash Deposit Slips and Payment Advice

Is depositing cash or cheques an everyday activity for you? Get rid of the hassle by generating cash and cheque deposit slips from TallyPrime. You only have to provide the denomination of notes and TallyPrime does the rest.

Cheque Management

TallyPrime provides effective cheque management systems by allowing creation of multiple cheque books with unique ranges for every bank. Cheque register helps you to view, search, and track your cheque details.

e-Payments

e-Banking module of TallyPrime acts as a seamless interface between the bank and the business. Using the e-Payments feature in TallyPrime, you can simplify the payment process with the utmost security of your financial data.

You can make payments through e-Fund Transfer, Electronic Cheque or Electronic DD/PO from one bank to another. All you need to do is simply export your transactions from Tally and upload on the portal. Voila, the payment is done. Saves time and efforts. Most popular banks are supported for e-payments in TallyPrime.

Additional Features for Effortless Banking

  • • Tally provides a host of pre-defined cheque printing formats for the majority of the banks, making it seamless for you to print cheques as per your business needs.
  • • On-time product updates to support the new bank formats and e-bank statements.
  • • Easy to track and manage post-dated cheques.
  • • Security levels for authorising users for doing banking operations as per your business needs.
Net Capabilities

Connected Service for e-Way Bill generation

With TallyPrime’s fully connected e-way bill generation service, bid a sweet goodbye to manual way of generating e-way bills. Tally being one of the recognised ISO certified GSP (GST Suvidha Provider), TallyPrime directly integrates with the e-way portal to seamlessly generate e-way bill for you without the need to do it manually.

Connected service for e-invoice generation

With TallyPrime’s connected services, generating and printing e-invoice is amazingly simpler. The direct integration with IRP ensures that you can automatically generate, upload the e-invoice data, get authenticated by portal and print the IRN & QR code without manual intervention.

Business Reports on Any Device, Anywhere

TallyPrime brings you the ability to view important business reports from a web browser, on any device, anywhere. Grow your business with the utmost secure access to business data even outside your business premises.

You can access important business reports such as Bills Receivable & Payable, Stock Summary, Sales/Purchase Register, Profit & Loss A/C, Balance Sheet and many such reports securely from your web browser. Not just that, you can download an invoice and share with your customers on the go.

Secure Remote Access

Access your data anywhere and anytime while your data stays only with you. Your data is always secure with TallyPrime which has built-in security at all levels.

Decentralization of books to multiple branches is no more difficult!

Having business at multiple locations? Synchronize business data across locations and get consolidated information at one location by using the Synchronization feature of TallyPrime.

Seamless e-Banking facility

e-Banking module of TallyPrime acts as a seamless interface between the bank and the business. Using the e-Payments feature in TallyPrime, you can simplify the payment process with the utmost security of your financial data.

You can make payments through e-Fund Transfer, Electronic Cheque or Electronic DD/PO from one bank to another. All you need to do is simply export your transactions from Tally and upload on the portal. Voila, the payment is done. Saves time and efforts. Most popular banks are supported for e-payments in TallyPrime.

Do More with Tally's Net Capabilities.

  • • You can record or alter the voucher using remote access on the go.
  • • On-Dema
  • nd Synchronization allowing each system to independently complete their work without being 'connected to each other live'.
  • • Synchronize the Data with Greater Control - Control the direction of Data synch (Send or Receive or both).
  • • Synchronise the data via private Network.
Cost Control and Cost analysis

Cost Centre and Profit Centre Management

Easy to set-up the cost units, availability of reports with a click of a button and more importantly, effortless comparative analysis across period and cost centres, gives better insights about the cost/revenue and aid in decision making to increase efficiency.

Set Budgets & Track variance

Make informed business decisions by viewing variance reports and drilling down to the last detail. Deepen your understanding, realign your business strategies and plan budgets for increased performance with TallyPrime. In TallyPrime, it is simple to set the budget at various levels such as specific type of cost, for department etc. and track it with the actuals.

Business Forecasting

Improve business forecasting by visualizing different business scenarios and analysing provisional reports for sound financial planning. TallyPrime simulates different business scenarios for you to help deal with uncertainties.

Few more features to be on top of your spendings

  • • Supports multiple Cost categories and facilitates third-dimensional reporting of cost and revenue.
  • • Tracking cost and revenue for each job/project using job costing feature.
  • • Pre-defined allocation of cost or revenue for each cost centre.
Enhanced Security Management

TallyVault

Being a business owner, you would always prefer to keep your business data safe and secure. Use TallyVault to maintain the confidentiality of information by encrypting the data.

Define Multiple Security Levels

With TallyPrime, you can create multiple security level, define user-level rights and assign specific access to employees as per their roles and responsibilities.

User Management

Creation and management of users is simple and quick in TallyPrime. You can create multiple users, assign security level based on the role, assign password and deactivate the users easily.

Password Policy Management

A good password policy will enhance data security and allow only authorized users to view financial data. In TallyPrime, you can set a password policy which defines the password strength, password expiry, password history, allowing the user to change password etc.

Audit Trail

TallyPrime has an inbuilt feature 'Tally Audit' which helps you track changes that affect the integrity of a transaction, such as changes made to Date, Ledger Masters, Amounts in the Voucher, deletion etc. along with user details.

Payroll Management

Payroll Accounting & Salary Processing

Manage employee payroll in a smart way with TallyPrime. A collection of predefined processes in TallyPrime enables error-free automation of payroll process. Further, you can view and handle exceptions effortlessly.

Define Multiple Employee Grouping

Using TallyPrime, you can classify employees based on different parameters, such as their job function, department, location, cadre/designation, and so on. You can also define salary structures at the Employee Group level to apply a common salary structure for entire department such as Marketing, R&D, Sales, and Accounts.

Flexible Attendance/Production Types

Attendance/production types are used to compute the employee pay and track their presence/productivity. Using TallyPrime, you can create multiple attendance types such as days which are paid (Present, Sick Leave, EL, CL etc.), unpaid (absent LOP), on production (piece work) and so on.

Statutory Compliance in payroll

TallyPrime generates statutory reports with regard to provident fund(PF), employee state insurances(ESI), professional tax, gratuity and income tax. The tax computation report displays employee-wise income tax details to manage payroll related compliance easily.

Even More, Features to Manage Payroll and related compliance

  • • Easy to define and process fixed and flexible pay-outs to the employees.
  • • Multiple Calendar type such as fixed days, as per calendar etc. to suit your requirements.
  • • Generate Monthly Returns, Annual Forms and Statements for PF, ESI, Professional Tax and Income Tax.
Other Valuable Features

Multiple Companies

For various reasons such as new branch, new business vertical, more one legal entity etc., business requires multi-company support with each company having distinct 'books'. With Tally, you can manage multiple companies and easily handle the complexities associated with it.

Group Company

Businesses having multiple companies prefer to know the consolidated performance of the entire business group. Tally makes consolidation of accounts an easy task at all times. You can consolidate the accounts of any number of companies at any time in a few seconds and also maintain them separately.

Data Backup and restore

Worried about how to take backup and store all your business data in a safe and secure manner? With Tally's minimalistic design, you can easily take data backups in portable storage devices or any storage device and restore back within seconds.

Multilingual Capabilities

Run your business in your preferred language with TallyPrime. India is a country with several languages and businesses from diverse backgrounds. We know that being able to run your business in your preferred language makes it easy for you.

Split company at the end of the financial year

When a new financial year begins, you start your books afresh. TallyPrime makes this activity easy for you by using the split company utility feature. You need not worry about the hassle of carrying forward the previous balances. Tally takes care of that!

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