Tally Prime: A Complete Guide

For small and medium-sized organisations, TallyPrime is a comprehensive business management tool. This is a comprehensive guide to TallyPrime in which you learn everything about TallyPrime, its features, setup & installation, latest version, and free demo. We mainly focus on your business expansion.



Overview

The company’s flagship product, Tally ERP 9, was replaced by TallyPrime in 2020. Tally Solutions delivers enterprise resource software and business management software to SMEs (small and medium-sized business companies). They collaborated with more than 28,000 partners in 2022.

Tally Solutions and Amazon Web Services worked together to make TallyPrime, its flagship product, accessible on the cloud computing platform.

 

What does “ TallyPrime'' signify?

You will love TallyPrime, the cutting-edge business management programme. TallyPrime helps you manage accounting, inventory, banking, taxation, banking, payroll, and many more tasks to cut down on difficulties. Tally products are known for their simplicity, speed, flexibility, and accuracy, and TallyPrime will take those qualities to a whole new level.



What makes using TallyPrime so enjoyable?

Your business is always expanding. There are changes in the individuals you interact with, the employees who work for you, the standards you must adhere to, and the general method of conducting business with each passing day. In a constantly evolving business environment, it’s critical that your reliable business partner also develops to make your life even simpler while liberating you to concentrate on your constant objective: expanding your company through delightful, easy-to-use future tech products that are designed to boost management productivity.

In our constant endeavour of doing so, we have revisited every area of our product, analysed how we can deliver the simplest experience possible and made it come alive with…

Simplicity at a whole new level with an amazing and easy user experience so that your work gets done faster

Ultra-flexible and intuitive design so you can get more out of the software and take full advantage of it

A refreshing look and feel that will surely delight you

Easy to learn and use

Enhanced user and feature-based security for restricted and trusted business data access

TallyPrime has been designed in a way that you will rarely need any support or help in running the product as per your needs. Experience TallyPrime to truly feel its power and transform your business with improved efficiency.

Features of TallyPrime

With a wide range of features, TallyPrime can be your perfect business companion. 

Here is the list of TallyPrime’s features:

  • Simplified Interface
  • Insightful Business Reports
  • Invoicing & Accounting
  • GST / Taxation
  • Inventory Management
  • Cash Flow Management
  • Multitasking Capabilities
  • Go To feature
  • Access business data Online
  • Secured Data

Some of the best features that you must take a glance:

Invoicing & Accounting

TallyPrime makes it amazingly simple to create and record invoices. Optimised invoice components, host of configurations, multiple billing modes and so on.. makes TallyPrime really moulding to your business. The wide variety of TallyPrime’s features makes it a simple accounting system.

Inventory & Management

The features of TallyPrime’s make it one of the most flexible system for optimal inventory management. Features such as godown management, multiple stock valuation, manufacturing, batch and expiry date, job costing etc., and the powerful inventory reports make inventory management a cakewalk.

Insightful & Business Reports

TallyPrime comes with more than 400 business reports which are readily available with powerful insights that will allow you to make informed decisions.TallyPrime’s amazing flexibility allows you to slice and dice your reports and look at them the way you want, the way it works for your business.

GST/ Taxation

With TallyPrime, you can generate GST compliant invoices such as tax invoice, bill of supply etc. in seconds and file accurate GST returns always. What’s more? You can automatically generate e-invoice and print invoices with IRN and QR code instantly. Using TallyPrime’s features, you can also manage TDS, TCS and payroll statutes such as PF, ESI and employee income tax.

Credit & Cash Flow Management

By increasing the efficiencies in accounts receivable, accounts payables, inventories, and several other areas of business, TallyPrime helps you optimise cash flows. TallyPrime’s insightful reports help you to be on top of your cash flow.

Multi-Task Capabilities

TallyPrime supports multitasking and helps you handle the day-to-day interruptions. You are in the middle of the sales invoice but want to record another new sale? Or in the middle of making a payment entry but want to refer to an outstanding report before proceeding? Using TallyPrime, you will be able to handle many such situations without the hassle of switching between multiple instances of Tally or the worry of losing your progress.

Go-To Feature

With TallyPrime, discovering insights just got easier. This is made possible with TallyPrime’s new and powerful search bar called “Go To”. Using Go To, you can search and find the things you didn’t know Tally could do for you and discover new insights to run your business better.

Banking

TallyPrime comes with a wide range of banking features/utilities that help you manage all your banking needs easily. Using TallyPrime’s banking features such as auto bank reconciliation, pre-defined cheque formats, cheque management, e-payments etc. makes banking an effortless task.

Access Business Data Online

TallyPrime gives you the ability to view business reports online from the comfort of a web browser, wherever you are with the promise that your data will always rest with you.

Secure Data

We understand that your business data is sensitive and ensure that you will always remain in custody of it. With multiple user access control and feature-based security levels ensure that access to your data is restricted based on your choice.

  How to set up TallyPrime?

You can start using the TallyPrime in a matter of minutes. All you need to do is download the setup file, install TallyPrime, and activate the licence. If you are a new user, create a company, and start recording your transactions.

Which is the latest version of Tally software?

The latest version and release of Tally software is TallyPrime. Take a look at new things in TallyPrime and how you can upgrade.

How to upgrade TallyPrime from Tally.ERP 9?

If you are an existing user of Tally.ERP 9 and if your TSS is active, you can upgrade to TallyPrime for free. All you need to do is just download, install, and reactivate your licence.

How to migrate data from Tally. ERP 9 to TallyPrime?

Load the company in TallyPrime and you will be prompted to migrate. Click on migrate and you are ready to use the company data in TallyPrime. Migrating data from Tally.ERP 9 to TallyPrime is that simple.

How to download & install TallyPrime?

Download the set-up file from the download centre and run the file to install TallyPrime. To know more, watch the short videos to get started with TallyPrime.



How to try a demo version of TallyPrime?

To help you experience the product, TallyPrime comes with a 7-day free trial. Get your 7 day free pack of TallyPrime today!!

Still waiting for a better option, then you might lose a good opportunity. Gseven can assist you get TallyPrime, the top accounting software package for all small and medium-sized businesses. To take advantage of our services, contact us for a free demo by phone at 011-47612345 (100 lines) or via email at contact@gseven.in.