TallyPrime Release 5.1: Enhancing Efficiency and Simplifying Compliance

 

TallyPrime Release 5.1: Enhancing Efficiency and Simplifying Compliance

TallyPrime Release 5.1 introduces powerful updates to help businesses manage compliance with ease and improve operational efficiency. Here’s a simple overview of the new features:

 

GST Management Made Simple

• Bulk B2B to B2C Conversion: Convert multiple transactions at once for inactive GSTINs.
• Resolve GST Conflicts Easily: Quickly identify, resolve, and track mismatches in GST details.
• Export GSTR-1 for Multiple Periods: Export returns for multiple periods into one Excel file with options for single or multiple GST registrations.
• Enhanced e-Way Bill Features: Automate distance calculation and generate e-Way Bills for various voucher types, including exports and job work.

Better Voucher Management

• Flexible Voucher Numbering: Retain or customize numbering during migration.
• Improved HSN/SAC Summary: Configure HSN lengths and generate summaries for GSTR reports.
• Error-Free Reporting: Fixes for voucher mismatches and accurate report classifications.

Payroll Compliance Updates

• New Tax Regime Compliance: Updates exclude unnecessary deductions like PF and Professional Tax for employees under the new tax regime.
• Enhanced FVU Compliance: Align payroll exports with the latest file format for easy e-returns filing.

Enhanced Arabic Language Support

• Improved Display and Print: Optimized printing of stock item descriptions and bilingual invoices.
• Amount in Words in Arabic: Vouchers now display amounts in Arabic for better clarity.
• Simplified Language Option: Arabic is now listed plainly without regional tags.

DIY Support and Troubleshooting

• Step-by-Step Help: Access simple guides directly from the software for quick fixes and knowledge enhancement.
• Enhanced Labels: Clearer button names like Send (Online) and Export (Offline) for better user experience.

Other Notable Fixes and Enhancements

• Bank Charges GST: Resolve issues with default unregistered statuses.
• Advanced Reconciliation: Align with the latest GSTR-2B rules using consolidated tax amounts.
• Accurate e-Way Bills for Exports: Ensure proper details for Ship To locations in export invoices.

TallyPrime Release 5.1 prioritizes seamless compliance, optimized reporting, and an improved user experience. Try it today to explore these benefits and boost your business efficiency.