Whats New In TallyPrime 5.1

 

Whats New In TallyPrime 5.1

Tally Prime 5.1 introduces several enhancements designed to streamline business operations and ensure compliance. 

1. Enhanced GST Management:

Simplified GST Conflict Resolution: Quickly identify and resolve discrepancies in GST details across transactions and masters, reducing errors and ensuring compliance.

Bulk B2B to B2C Conversion: Efficiently convert multiple transactions from Business-to-Business (B2B) to Business-to-Consumer (B2C), particularly useful when dealing with inactive GSTINs.

Consolidated GSTR-1 Exports: Export GSTR-1 returns for multiple periods into a single Excel file, saving time for businesses with multiple GST registrations.

2. Streamlined Payroll Compliance:

Integration with FVU Tool Version 8.6: Seamlessly export payroll data for accurate tax filing.

Enhanced Support for New Tax Regime: Excludes unnecessary deductions for employees under the new tax regime, ensuring accurate payroll calculations.

3. Flexible Voucher Numbering:

Retain existing voucher numbering systems or customize them for specific voucher types, providing greater control over financial records.

4. Enhanced e-Way Bill Generation:

Automatic Distance Calculation: Tally Prime 5.1 automates the calculation of distances based on PIN codes, eliminating manual input and reducing errors in e-Way Bill generation.

Support for Material In and Out Transactions: Generate e-Way Bills for internal transactions such as material transfers during production, enhancing compliance.

Improved Export Invoice Handling: Accurately generate e-Way Bills for export invoices by ensuring valid port PIN codes are included.

5. Localized Language Support:

View and print amounts in words in Arabic, enhancing usability for Arabic-speaking users.

6. Improved User Experience:

Simplified Stock Descriptions: View stock item descriptions in a single line for better clarity in invoices.

Accurate GST Calculations for Services: Fixes previous errors, ensuring compliance and precision.

Flexible Advance Receipt Adjustments: Adjust payments and receipts with no time restrictions, offering greater flexibility.

These updates in Tally Prime 5.1 aim to enhance efficiency, accuracy, and compliance, making it a valuable upgrade for businesses seeking to optimize their accounting and financial processes.