Tally Prime 7.0: What’s New

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TallyPrime Release 7.0 introduces powerful new features to enhance productivity and compliance. Auto Backup ensures data safety and accessibility. PrimeBanking Payments simplifies the payment and reconciliation process. SmartFind helps quickly locate details across masters and transactions. GST updates include ITC reduction in IMS and improved e-Invoice & e-Way Bill handling. Performance improvements help you load companies and reports with greater speed. JSON Data Exchange enables smooth integration with external applications, while smoother migration adds flexibility to your day-to-day tasks. For UAE & KSA, the official currency symbols are now supported for Dirham & Riyal. Auto Backup - Safe & Effortless Schedule backup of your data to  TallyDrive  or  local storage  as per your set frequency. Schedules run even when TallyPrime is closed. TallyDrive – Cloud Backup Storage Securely back up data on cloud. Optionally protect backups with a  Backu...
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Tally Prime What’s New in 6.0

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Transform Banking for Your Business

TallyPrime Release 6.0 makes banking delightful with an enhanced Bank Reconciliation and Connected Banking. The enhanced Bank Reconciliation offers numerous facilities for matching book transactions with bank transactions, which keep your books in sync with your bank. Connected Banking helps you reduce time and effort consumed in various banking activities.

Key Features

  • Enhanced Bank Reconciliation: Save time and improve accuracy by automatically reconciling exact matches. You also get smart suggestions for potential matches to your book transactions.

  • Automated Accounting Using Bank Statements: Create vouchers using bank data in just a few clicks. This eliminates repetitive data entry and makes accounting easier.

  • Integrated Payments and Accounting: e-Payments now comes with a new and simplified report, which integrates accounting and reconciliation. This enables flexibility and better tracking of your e-Payments for more than 18 banks.
  • Connected Banking: Improve cash flow visibility and enable swift decisions with Connected Banking. Connect your bank accounts to TallyPrime with top-tier security, and access real-time bank statements and balances directly within TallyPrime.

Enhanced Bank Reconciliation

The enhanced bank reconciliation enables intelligent matching between your book and bank transactions.

  • Auto-reconcile exact matches () while importing the bank statement, or choose to reconcile them later. You can easily configure this in your bank ledger.
  • Set the rules for Potential Match as per your business needs. This helps in easy reconciliation of matching transactions.
  • Find a match for a single or multiple transactions from the unreconciled transactions.
  • For reconciliation, select one or multiple transactions from your books against one or multiple transactions from the bank.
  • If you prefer manual reconciliation, then you can continue to reconcile your transactions manually as before.
  • If you are doing reconciliation for the first time, you can set a reconciliation date and add unreconciled transactions to the Opening BRS () report. These transactions will then appear in the Bank Reconciliation report and are ready for reconciliation.
  • If you Split a company, the unreconciled book and bank transactions automatically appear in the Opening BRS report.

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