TallyPrime 6.0 introduces a suite of enhancements designed to streamline business operations, particularly in banking, compliance, and data management. This guide delves into the new features in TallyPrime 6.0, highlighting how they can benefit your business.
1. Connected Banking: Seamless Financial Integration
One of the standout new features in TallyPrime 6.0 is Connected Banking, which allows users to link their bank accounts directly to TallyPrime. This integration offers:
- Real-Time Bank Balances: View up-to-date bank balances within TallyPrime, eliminating the need to access multiple bank portals.tallysolutions.com+12help.tallysolutions.com+12spectracompunet.com+12
- Online Bank Statements: Retrieve bank statements directly in TallyPrime for efficient reconciliation.spectracompunet.com+5linkedin.com+5antraweb.com+5
- Enhanced Reconciliation: Simplify the process of matching book transactions with bank transactions, ensuring accuracy and saving time.tallysolutions.com+13tallyacademy.in+134qs.in+13
This feature supports over 145 banks in India and 80 banks across Asia, Africa, and North America, making it a versatile tool for businesses with diverse banking relationships.
2. Advanced Bank Reconciliation
TallyPrime 6.0 enhances the bank reconciliation process with features that automate and simplify transaction matching:
- Auto-Reconciliation: Automatically match exact transactions between your books and bank statements.
- Flexible Matching Options: Reconcile one-to-one, one-to-many, or many-to-many transactions based on your business needs.
- Custom Reconciliation Rules: Define specific rules to match transactions, improving efficiency and accuracy.
- Manual Reconciliation Support: For transactions that require manual intervention, TallyPrime provides tools to facilitate the process.
These enhancements aim to reduce manual effort and minimize errors in the reconciliation process.
3. Automated Voucher Creation from Bank Statements
Another significant addition to the new features in TallyPrime 6.0 is the ability to create vouchers directly from imported bank statements:
- Bulk Voucher Creation: Generate multiple vouchers simultaneously, saving time and reducing manual data entry.
- Auto-Filled Details: Key information such as narration, amount, instrument number, and date are automatically populated
- Transaction Merging: Combine multiple transactions into a single voucher when appropriate.
This feature streamlines the accounting process, enhancing accuracy and efficiency.
4. Enhanced Data Management with Advanced Company Split
Managing large datasets is more straightforward with TallyPrime 6.0’s improved company data split functionality:
- Simplified Data Splitting: Divide company data into separate entities with updated screens and options.
- Data Verification Prompt: Before initiating a split, TallyPrime prompts users to verify data, reducing errors.
- Progress Tracking: A new progress bar provides clarity on the stages and progress of the split process.
These enhancements ensure smoother data management and compliance.
5. Improved Profile Management
TallyPrime 6.0 introduces a new Profile feature, enabling users to view and update contact details linked to their Tally Serial Number:
- View & Edit Profile: Manage contact information within TallyPrime easily.
- Tally Portal Access: Quickly navigate to the Tally portal for additional updates.
- Reminders: Receive notifications twice a year to check and update profile details.
Keeping profile information up to date ensures timely communications and updates from Tally.
6. Compliance and Taxation Enhancements
Staying compliant with the latest tax regulations is crucial, and TallyPrime 6.0 addresses this with several updates:
- Income Tax Updates: Supports the latest income tax slab rates as per the Finance Bill 2025-26, including rebates and marginal tax reliefs.
- GST Enhancements: Improved GSTR-1 and GSTR-3B filing processes, with accurate B2B invoice matching and support for Excel Offline Utility 5.4.
- TDS Calculations: Ensures precise debit and credit values and ledger entries, preventing discrepancies.
- VAT Reporting: Accurate displays across all Indian states and union territories, including previously missing regions.
These updates help businesses maintain compliance and avoid potential penalties.
7. Bilingual Invoice Printing for GCC Countries
For businesses operating in GCC countries, TallyPrime 6.0 offers the ability to print invoices in both English and Arabic:
- Dual-Language Support: Generate invoices in English and Arabic on a single page, ensuring compliance with local regulations.
- VAT Inclusion: Print invoices with or without VAT, as required.
This feature simplifies invoicing processes for businesses in multilingual regions.
8. Developer and Customization Enhancements
TallyPrime 6.0 introduces new TDL (Tally Definition Language) capabilities, benefiting developers and partners:
- Skip Forward Capability: Improved navigation by allowing specific parts to be bypassed during forward navigation.
- Disable Period on Tile: Customize dashboard displays by removing the period attribute.
- Multi-Object Processing: Process vouchers continuously, even if specific objects contain errors, improving operational performance.
- IsPatternMatch Function: Check input strings against regular expression patterns for enhanced data validation.
These enhancements provide greater flexibility and efficiency in customizing TallyPrime to meet specific business needs.
Conclusion
The new features in TallyPrime 6.0 represent a significant step forward in business management software. From connected banking and advanced reconciliation to enhanced compliance and developer tools, TallyPrime 6.0 offers a comprehensive solution for modern businesses. Upgrading to this version can lead to increased efficiency, accuracy, and compliance in your financial operations.