Tally.ERP 9 – Experience the Power
Tally.ERP9 delivers rich new set of product functionalities and technology capabilities.
Highlights of Tally.ERP 9
v Remote Access :- Access your business data from anywhere in the world.
§ Create, Alter & Edit Data from anywhere :- even with Tally.ERP 9 installed in educational mode (no need to purchase another license).
§ Access your data from a customer’s or supplier’s location to check up on dues and inventory – improve receivables and inventory control.
§ Your traveling salesman can access customer information, stock position and place order (creating vouchers) – improve sales efficiency.
§ Authorise your Chartered Accountant to access data – he can use the Tally.ERP 9 – Auditors’ Edition to audit your books as well as offer professional advise and other compliance services
v Control Centre :- You can manage your license on your own (surrender, re-activate and so on ).
v Tally.Net :- The technology which powers the above mentioned capabilities through the internet
and also delivers a variety of special services to help your business.
v Excise for Manufacturers :- Comprehensively covered yet simplified module supports multiple
manufacturing and trading excise units in a single company.
v Tax Deducted at Source :- To handle all statutory and business requirements in a simplified
manner.
Tall.NET Capabilities
§ Trusted Remote Access
§ Support Centre
§ Centralized Account & License Management
§ Multi-Site Licensing
§ Jobs & Recreuitments
Accounting & Financial Management
§ Complete Book Keeping
§ Comprehensive Accounting
§ Statements of Accounts
§ Receivables & Payables Management
§ Order, Invoice, Voucher & Cheque Printing
§ Books & Registers
§ Drill Down Display
§ Credit Management
§ Bank Reconciliation
§ Flexible Classification of Accounts Heads
§ Flexible Reporting
§ Flexible Voucher Numbering
§ Date Based Reporting
§ Unified Ledgers
§ Fund Flow & Cash Flow
§ Payment performance of Debtors (Receivables Turnover)
§ Reversing Journals & Optional Vouchers
§ Final Account Reports
§ Income & Expenditure Statements
§ Branch Accounting
§ Percentage Based Reporting
§ Flexible Period Accounting
§ Budgeting and Control
§ Cost centers / Profit centers with multiple Cost Categories
§ Consolidation of Companies, Group Company
§ Flexible Financial Periods
§ Memo Vouchers
§ Ratio Analysis
§ Scenario Management
§ Multiple companies
§ Multi-Currency
§ Multiple financial year
§ Multi-columnar reporting
§ Memo Vouchers
§ Post dated Vouchers
§ User defined Vouchers
§ Sales and Purchase extracts
§ Daily Balance & Transaction Values
§ Interest Calculations
§ Percentage Based Reporting
Inventory Management
§ Sales Invoicing including Point-of-Sale Billing
§ Flexible units of Measure
§ Flexible Invoicing
§ Unlimited Grouping & Categorization of Stock items
§ Voucher Classes to expedite voucher Entry
§ Separate Actual and Billed Quantities
§ Alternate & Compound Units of Measure
§ Gross Profits and Consumption Report
§ Use Stock Item Names and / or Part Numbers
§ POS Invoicing
§ Discounts & Price Lists
§ Grouping & Categorization of Stock Items
§ Manufacturing Journals
§ Physical Stock Verification
§ Multi Location Stock Control
§ Recording Stock Movements
§ Order Status Reports
§ Stock Query
§ Multiple Warehouses / Locations
§ Sub-Godowns
§ Stock transfers to Godowns
§ Multiple Stock Valuation
§ Batch-wise / Lot-wise & Expiry Date Handling
§ Sales and Purchase Order Processing
§ Tracking Inventory
§ Rejection In and Rejection Out
§ Additional Costs Incurred on Purchase
§ Unlimited Stock Item Classification
§ Bill of Materials
§ Tracking Additional Cost of Manufacturing
§ Job Costing
§ Stock Ageing Analysis
§ Batch Related Stock Ageing Report
§ Price List with Multi Price levels
§ Reorder Levels
§ Movement Analysis (Partywise/ Itemwise/ Stock Groupwise)
§ Profitability Analysis (Stock Groupwise / Stock Itemwise / Invoicewise / Location-wise)
Technology Advantage
§ Remote Access
§ Internet & Data exchange
§ ODBC - Open Database Connectivity
§ Email Support
§ Automatic data replication/exchange with synchronisation
§ Security Management
§ Tally Audit
§ Tally Vault
§ Administration and Manageability
§ Internal Backup / Restore, Auto-backup
§ Concurrent Multi-lingual Capability
§ Export to Excel
§ Tally.NET
§ SMS facility
§ New Licensing Mechanism
§ Control Centre
§ Support Centre
§ Auditor’s Edition of Tally.ERP 9
Statutory Compliance Capabilities
§ Value Added Tax (VAT)
§ Service Tax
§ Tax Deducted at Source (TDS)
§ Excise (Manufacturer & Dealer)
§ Fringe Benefit Tax.
§ Tax Collected at Source (TCS)
§ Central Sales Tax
§ Payroll (PF, ESI, PT)
Payroll Compliance in Tally.ERP 9
§ Enable Payroll
§ Create Payroll Masters
§ Record Attendance Voucher
§ View Payroll Reports
- Personal Income Tax calculation.
§ Forms 16, Form 16AA*, Form 12BA
§ Form 24Q* (Quarterly) and Form 24* (Yearly) as hard copy and 'e' formats
§ ITR1 to file Return
§ ITNS 281 Challan
*Will be provided in the subsequent Statutory Master releases.
Reports :-
§ Employee wise - Computation Report
§ Employee wise - Salary Projection Report
§ Challan Reconciliation report
§ Income Tax related Exception Reports
a. Four new Voucher Types to handle Job Work Material Movement
§ Material Out*
§ Material In*
b. Job Work Reports
§ Order Outstanding (In/Out):
§ Component Issues/ Receipt Outstanding:
§ Issues with Variance:
§ Receipt with Variance:
§ Material Movement registers (Annexure IV and Annexure V for Excise):
§ Ageing Analysis for Stock at Job Worker Location:
§ Stock with Job Worker or of Client:
· Bank Reconciliation:
· Cheque printing
· Deposit Slips:
· Payment Advice:
Company logo can be printed in the following reports:
· Sales Invoice
· Delivery Note/Challan
· Debit Note
· Credit Note
· Outstanding Receivables
· Remainder Letters
· Pay Slips
· Purchase Order
· Sales Order/Quotation
· Receipt Voucher
· Confirmation of Accounts
· Settle multiple bills from single screen
· Make quick decisions and eliminate mistakes while making payments.
Power of Simplicity Excitements !!
· Date format allows dd/mm/yy, dd-mm-yy, dd-mmm-yyyy & so on
· Easy Installation & Update
· Drill down menus
· Backup Procedure
· Can Create ledger, item in any screen where it requires
· Calculator Pane provides ledger balance
· Sales Entry can be provided before Purchase
Enhancements
· Auto Backup
· Data - A progress bar appears while opening the same company/data accessed by another user in the multi-user environment.
§ Emailing : A field to provide the attachment filename by the user is given in the mailing screen of the respective report.
§ Import/Export
o Supports special characters in file names that were created by exporting the data.
o Can export images along with reports / vouchers in PDF, jpg and html formats.
o On exporting data to a folder that does not exist Tally.ERP 9 creates the destination folder and stores the exported report.
o An option to export dependent masters along with the selected vouchers is provided in the Day Book for XML format. This can be done by enabling the option Show dependent Masters also in order to export the vouchers along with the related masters. This option is provided so that the user does not export the masters separately after exporting the vouchers.
o Open the exported file/folders from Tally.ERP 9. This feature can be enabled by setting the option Open file after export to Yes available from Gateway of Tally > F12: Configuration > General.
o In case of Excel, JPEG (single page), HTML, and PDF formats the file opens up after the export, while the folder opens for ASCII, JPEG (multi page) and XML formats automatically without any user intervention.
o On exporting List of Accounts in XML format an option Export Closing Balances as Opening is provided. Using this option the Closing Balances can be exported to any date specified in To Date field. The same can be imported into a new company as Opening Balances.
§ Installer :- The installer is simplified and made user friendly for better user experience.
§ Jobs & Recruitment
o List of Jobs.
o List of Activities report for each candidate.
o Can move the candidate to the required level/folder.
o Last Test Status
o Assign Test
o Test paper detailed information available
o Provision to print, email and export pre-recruitment test details (hall ticket) & post recruitment test details (score card)
§ Licensing
o Tally License Server 6.0 can share license with Tally.ERP 9 starting from Series A Release 1.0 to Series A Release 3.0.
o The offline response license file is emailed to the account administrator’s email id for Single user/Silver edition or emailed to the site administrator’s email id for multi-user/Gold edition.
§ Performance
o During remote access, Alteration of Sales Entries performance has been optimised.
o The performance of Stock Item having large number of batches was slow has now been optimised.
§ Split Verification - Data Verification Report for Splitting
o A new report has been provided under Data Splitting menu which displays the possible errors that may occur while splitting the Company data. Tally.ERP 9 also allows the users to fix these errors from the same screen.
§ Synchronisation
o Synchronisation the server with multiple companies at one time.
o Synchronisation is now possible with companies having different base currencies.
o A compatibility check is introduced to allow synchronization of data between Tally.ERP 9 Series A Release 3.0 and above applications.
o The Sync After Save performance is enhanced by synchronizing the voucher types saved rather than synchronizing all the voucher types available.
§ Inventory Reports
o Pending Purchase Orders
o Pending Sales Orders
o Pending Purchase Bills
o Pending Sales Bills
New Features in Auditors’ Edition
1. Audit Programme
The Auditors can now plan the pre-audit work in Tally.ERP 9 itself. The system creates a default checklist that will help the junior articles to follow the set guidelines, while doing the audit and ensure that the Audit is successfully conducted.
The Audit Programme can be modified/customised as per the industry requirement.The following details can also be entered/captured in the Audit Programme:
· Time required for Audit
· Name of article for each audit area
· Scope of Audit conducted
· Post audit comments for each Audit area etc.
2. Notes to Schedules
The option to enter the Notes to Schedules has been provided which will help the Auditors to enter the necessary observations for each Schedule.
The Notes can be entered from Schedule Summary and Schedule Configuration screens. The Notes to Schedules can also be printed while printing the Schedules along with the Schedule VI-Balance Sheet or Profit & Loss A/c. The specified Notes will be stored in the data and will be available for any future reference.
3. Form 3CA and 3CB for 44AB Audit
Form 3CA and 3CB which are required to be signed and submitted after 44AB Audit along with Form 3CD have been provided in Tally.ERP 9. This will ensure that all the Forms and information is stored along with the Company data and can be retrieved for any future reference.
4. Repeated Values Transaction report
Under Data Analysis section - Repeated Values Transactions report has been provided which will display all the Vouchers belonging to a Ledger when the same Amount is repeated more than once. The repetition criteria can be modified using the F12: Configuration options available under the Repeated Values Transactions report.
5. Relative Size Factor report
The Relative Size Factor report has been provided under the Data Analysis tools, which will help the Auditor to:
· Rectify Data entry mistakes
· Rectify the decimal errors while entering transactions
· Wrong Postings in the Books of Accounts
· Mistakes due to incorrect Grouping of masters (vendors, customers, employees, etc.)
· Revenue items charged to capital accounts and vice versa
· Track excess payments in payroll
The new report will compare the Highest value transactions for Vouchers of each Ledger to the second Highest and display the Relative Size Factor which can trigger further investigation to correct the above mistakes.
6. Company Delegation and Management
The Company Delegation and Management feature has been provided for all Tally.NET Auditor accounts. Now, the Tally.NET Auditors will be able to delegate the Audit access to any of the Companies (which have already authorised the Auditor) to their sub articles belonging their account or an external account.
The new behaviour is aimed to improve the security for the Client’s data and will now allow, only authorised users to access the Client’s data while doing the audit remotely.
Note: The default Company delegation feature will be stopped and all the Auditor users will have to delegate the Companies exclusively to facilitate the remote access by the articles.
7. Manual Sampling Method
A new Sampling Method - Manual Sampling has been provided. This method will help the Auditor to hand pick the required Ledger Vouchers and marked them as Sampled. These will appear under the Sampling Column (in brackets) and can be used for physical verification and marked as Audited.
Manual Sampling can be applied in additional to the regular Sampling Methods which can be applied at Group/Sub Group/Ledger levels.
Note: Manual Sampling method can be applied only from the Ledger Vouchers screen.
