Tally 9 ERP SILVER 1USER

Tall..

Quantity :
  • 1 Units in Stock
  • Model: ERP SILVER
  • Manufactured by: Tally
₹  18,000.00 ₹  17,199.00-4%

Tally ERP 9 - RELEASE 5.0 HIGHLIGHTS

Tally.ERP 9 Release 5.0 offers you a wide range of product enhancements aimed to make business management far easier and simpler for you. The key highlights of the release are the following:
Application Update and Management
The Application Update and Management feature in Tally.ERP 9 Release 5.0 offers personalized product experience to users, making the entire user experience smooth and hassle free. Through this feature, Tally.ERP 9 ensures that only relevant features and updates are available to users.
Typically, all features that accompany an update may not be useful to every user. Tally.ERP 9 downloads only updates that are relevant to your business needs. This eliminates the need to download voluminous data, and thus, saves time.
For example, when you enable VAT, the VAT module is downloaded instantly.
Benefits

  1. Smooth, fast, and hassle-free download of relevant updates
  2. Low memory consumption, leading to enhanced performance
  3. No user intervention required

DATA MIGRATION
Data migration in Tally.ERP 9 Release 5.0 allows you to seamlessly transfer data from an earlier release in a single, easy step. You can transfer data effortlessly from any of the earlier releases, and access it in Release 5.0.
Data compatibility is ensured even in the earliest releases (prior to Tally 9) so that moving to Release 5.0 is easy.

BENEFITS
With data migration you will be able to:

  • Transfer data from earlier releases to Release 5.0 in a single step.
  • Rollback data to your previous release, if required.

Tally.ERP 9 Release 5.0 provides enhanced installation process to ensure simplified user experience. The installation is a simple and self-explanatory process.

DATA SYNCHRONISATION
Data synchronisation enables you to replicate data between two or more instances of Tally.ERP 9 using a client-server environment.

FEATURES
In Release 5.0, data synchronisation is enhanced to support:

  • On-demand synchronisation
  • Masters synchronisation
  • Other sync capabilities

ON-DEMAND SYNCHRONISATION
With on-demand synchronisation, you can:

  • Synchronise data without the need for both the client and server systems to be online at the same time.
  • Synchronise with the server independently, even in a multi-user setup.

ENHANCED DATA SYNCHRONISATION CAPABILITY

On-demand synchronisation aligns to the Tally.NET Synchronisation Service to provide a secure, reliable, and scalable option to manage data in multiple locations. Tally.NET Server (TNS) acts as a powerful bridge connecting server and client systems, allowing them to function independently, without having to be connected live.

BENEFITS OF ON-DEMAND SYNCHRONISATION

  • On-demand synchronisation eliminates manual co-ordination between two end-points.
  • The scale of simultaneous synchronisation from multiple systems is increased, as each system now operates independently, without disrupting another.
  • Data available at both client and server systems is reliable and consistent, as deleting of data reflects in both the systems.
  • Flexibility is provided to perform data synchronisation as per requirement, and not at any fixed time.
  • The TNS provides secure connection to ensure that there is no data loss even when synchronisation has not occurred for an extended period.

MASTERS SYNCHRONISATION
With masterssynchronisation, you will be able to:

  • Synchronise all masters, including those without any transactions linked.
  • Efficiently synchronise all data related to a particular master.
  • Choose to synchronise only those masters that were altered last.
  • Master synchronisation ensures consistency of data in both the client and server companies.
  • It avoids recreation of existing masters in Release 5.0 at the client location.
  • It makes the details of a particular masters automatically available after synchronisation.

BENEFITS OF MASTER SYNCHRONISATION

OTHER SYNCHRONISATION CAPABILITIES
Data synchronisation in Release 5.0 supports other capabilities to ensure efficient transfer of data. With data synchronisation you will be able to use:

  • Transaction Synchronisation to efficiently synchronise transactions in both the client and server systems. All the deleted transactions are updated at both ends.
  • Sync Direction to choose receiving and/or sending data in the client and server companies.
  • Client Rule for masters and transactions separately, as per requirement.

ENHANCED LICENSING SYSTEM
Silver Edition License

SILVER EDITION
license which was earlier bound to a single machine can now be used in multiple machines at different points in time.
Multiple users connected in a LAN environment can access the same silver user license. However, only one user can access the license at a time. For a different user to access the same license, all other instances of Tally.ERP 9 must be closed.

INSTALLATION EXPERIENCE
Tally.ERP 9 Release 5.0 provides enhanced installation process to ensure simplified user experience. The installation is a simple and self-explanatory process.

SIMPLIFIED INSTALLATION
Installing and configuring a product which has multiple versions and features involves multiple screens, and choosing from an exhaustive list of options. In some cases, technical assistance/knowledge is required. Tally.ERP 9 Release 5.0 provides the convenience of selecting options from a single screen and complete the installation.

BENEFITS

  1. Users do not have to identify the Windows OS version (32-bit or 64-bit) to install. Instead the installer detects the OS version automatically.
  2. Simplified installation, with minimal options, upgrade, and migration.
  3. A lightweight installer that automatically downloads and installs required files.
  4. Provides option to check for product updates.

POST-DATED CHEQUE MANAGEMENT
A Post-Dated Cheque (PDC) is a cheque that the recipient can encash on a future date. Such cheques are not payable until the date written on the face of the cheque. In the accounting books of both the issuer and the recipient, the transaction will not be recorded until the date provided on the cheque. For businesses, the task of validating and keeping track of post-dated cheques, both issued and received, is tedious and time-consuming.

BENEFITS
Tally.ERP 9 now facilitates smooth management of post-dated cheques and the underlying transactions:

  • You can mark an entry as post-dated, and specify the date on which the cheque was received/issued. This allows you to keep track of how long you have before the cheque will be presented.
  • While recording entries for payments and receipts, you can opt to view the party’s current balance, and the balance after including the post-dated cheque(s).
  • The cheque will not have an effect on the books of accounts until its date of presentation equals Tally.ERP 9’s Date of Last Entry. Thus, you don’t have to wait till the cheque’s presentation date to record the transactions. This saves the time and effort required to keep track of the cheques and record entries for them at the right time.
  • You can obtain a comprehensive summary of all transactions involving post-dated cheques using the Post-dated Summary report.
  • You can track post-dated cheques from the Cheque Register.
  • You can link the PDC to a generic bank ledger, and then manually select the required bank after the cheque has been presented from the Post-dated Issued/Post-dated Received report. The transaction will not be regularized until you have linked it to a bank, though its date of presentation has been reached.
  • You can opt to include post-dated transactions in MIS reports such as Cash Flow and Funds Flow Statements, and other reports such as Ledger Vouchers,Group SummaryOutstandings reports, etc. And when you are checking the Day Book, you can view the post-dated transactions for the period by just clickingT: Post-dated Rep button available in the report.
  • You can opt to view reports with actual values, or values that include post-dated cheques, using the New Column option.

VAT
New VAT Report
: The statutory enhancement for VAT report enables you to identify and correct transactions recorded before filing tax returns. All transactions, whether recorded correctly, incorrectly or inadequately will be captured, and categorised in the new report. Further, forms and annexures of the respective states can be generated from this report.
Enhanced Masters and Transaction Experience for VAT:
You can now experience the following flexible, intuitive options for transactions and masters

  • Configure the various tax rates and other statutory details with automatic progressive applicability
  • Define new, scenario based classifications for masters and transactions
  • Option to override the default classifications during transactions

USING STATISTICS OF VOUCHERS, YOU CAN:

  • View/verify transactions which are included, not included or uncertain for tax returns calculation.
  • Ascertain why transactions are considered not included or uncertain for tax returns calculation, and save them as is.
  • Alter/correct information instantly for the transactions considered as not included or uncertain.
  • Generate Annexures*

*The VAT enhancements are applicable only when the state selected is Karnataka/Tamil Nadu/ Maharashtra/ Rajasthan/ Delhi.

STATUTORY EXPERIENCE FOR VAT IN 5.0
TRIANGULATION / COMPUTATION

Report Section

Features

Statistics of Voucher

Count of vouchers which are included or excluded while considering computation. In addition to that, vouchers which have any shortcoming and cannot be considered in the computation are shown as uncertain.Drill down to the voucher level from these included, excluded and uncertain countsProvision to generate VAT annexures from computationProvision to accept exceptions (tax value, tax rate, tax type, exempt and so on)as is after verificationExceptions which are handled for Uncertain TransactionsParty

  • Where the party’s location is not known
  • Where the registration details (Dealer Type) of the party is not known
  • Where duty type of the of ledgers is not known

Inventory

  • Where the tax applicable on an item(s) is not known
  • Where the tax applicable for ledgers in a voucher (without stock item) is not known

Tax Type Mismatch

  • Where tax type like VAT or CST is not known for a ledger
  • Where the tax value entered is different from the system calculated value
  • Where tax information is overridden

VAT Adjustment

  • Where Nature of Adjustment (like reversal of Input credit) is not known
  • Where the details of purchase tax is not known
  • Where the tax applicable for ledgers in a voucher (without stock item) is not known
  • Where tax type like VAT or CST is not known for a ledger
  • Where the tax value entered is different from the system calculated value

Particulars (Computation Details)Consolidation of sales and purchases for both local and interstate.Drilldown to the voucher level for the above consolidation.Opening balance of excess Input Tax Credit (ITC)Adjustment flags like Change in Consideration for debit and credit notePaymentDetailsVAT& CST paymentsDrill down to the voucher level for the consolidation of payments.Payments related to advance tax, interest, and penaltyPayments of tax where the tax liability ledgers are created under current liability
EXCISE
EXCISE FOR MANUFACTURER
The manufacturer excise module in Release 5.0 offers quick, simplified implementation of excise, and guarantees accurate returns. Now, tax classifications for excise can be defined by the user, ensuring seamless statutory compliance at any point in time.
The following features make manufacturer’s excise in Tally.ERP 9 simple yet robust:

  • Flexibility to define duty details at different levels. Pass excise transactions using minimal configurations, within minutes.
  • Tax Unit is introduced to create and maintain multiple godowns with corresponding excise details in a single company. Each excise unit can be created as a Tax Unit. Based on the Tax Unit selected in the invoice, the transaction details appear in the tax unit-wise reports ER1, ER3, and ER8.
  • Users can create excise duty classifications as required, and use the duty classifications in required duty ledgers.
  • An invoice can be converted into a transaction with excise implication, at the click of a button. This can be printed as Rule-11 invoice.
  • Sales transactions inclusive of tax can now be recorded without the creation of voucher classes.
  • MRP details for a stock item can be as per period of applicability. MRP details can also be defined state-wise. Based on the invoice date, and the party’s address, the MRP of the stock item will be automatically captured in the transactions.
  • Inter-unit transfer of goods using Material In and Material Out helps in recording transfer of goods with or without duty liability.  The facility to record the duty liability or avail CENVAT credit on saving the transaction is now possible.  Inter-unit transfer of goods affects the inventory, and excise duty on this transaction reflects in the relevant reports.
  • Vouchers types do not have to be created supplementary invoice. Generation of supplementary invoice for revisions in rate of stock items at one go is now possible.
  • Forms ER1, ER3 and ER8 are supported. These reports are designed to help the user identify errors in the transactions, if any. Errors can be rectified from the form, and exceptions resolved. The changes can be saved, and the filing of returns can be done instantly.

DEALER/IMPORTER EXCISE
Tally.ERP 9 offers flexible and intuitive master creation, voucher entry and report generation processes.

MASTERS

  • Tax Unit is introduced to create and maintain multiple godowns with corresponding excise details in a single company. Each unit registered under excise as well as service tax can also be created as a Tax Unit. Based on the Tax Unit selected in the invoice, the transaction details appear in the Tax unit-wise report generated for Form 2 and RG 23D register. The following excise details can be defined in a Tax Unit:

o    Address of the excise unit
o    Registration type
o    ECC number
o    RG23D numbering format
o    Tariff details
o    Rule-11 book numbering
o    Jurisdiction of the unit

  • Tariff rates and excise duty heads can be defined from:

o    Excise Registration Details screen, at company level.
o    Account Group and Stock Group masters, in addition to the information defined at the company level.
o    Ledger and Stock Item masters, in addition to the information defined at the group and company level.

  • Facility is provided to create:

o    Excise Duty Classifications to define excise duty heads and methods of calculation.
o    Excise Classifications to define tariff details and duty heads, and select it in Account GroupStock GroupLedger and Stock Item.

  • All the tariff and excise duty heads defined at company level can be overwritten at the:

o    Group level.
o    Ledger or stock item level.

 TRANSACTIONS

  • Invoice can be marked as Excise to print in Rule-11 invoice format.
  • Tax Unit can be selected while recording transactions.
  • Transactions recorded in Credit Note (purchase nature) and Debit Note (sales nature) are considered for generating Form 2.
  • Inter-unit transfer of stock is supported through Material In and Material Out vouchers.

REPORTS
Form 2 report provides an overview of

  • The total vouchers recorded in a particular quarter.
  • The duty passed on by raising excise sales invoice for clearance in Rule 11 invoice format.

Drill-down reports till the last level of voucher entry are provided for each line item of this report to display complete information of vouchers categorized under it.

BENEFITS:

  • Prospective or existing users of Tally.ERP 9 can generate returns by accurate triangulation of data at any given point in time.
  • An overview of total duty passed on during a particular quarter to the business owner is provided.
  • Provides accurate transaction details.
  • The entire report provides all transaction details of accounts, inventory, and excise duty to be passed on to the auditor during the quarter.

Return Transaction Book is introduced to display Form 2 report which has been saved. Each time the transactions and masters are modified and saved in Form 2 report, it gets captured here.

STATUTORY ENHANCEMENTS FOR SERVICE TAX
New Service Tax Computation report:
The statutory enhancement for ST 3 and Form A3 reports enables you to identify and correct transactions recorded before filing service tax returns. All transactions, whether recorded correctly, incorrectly or inadequately will be captured and categorized in the new computation report. The categories are as follows:

  • Included: These transactions will be a part of the service tax returns. This includes all sales, purchases, purchase returns, sales returns, and adjustment entries where service tax is applicable.
  • Excluded: These transactions are excluded while generating returns, as they do not carry the relevant service tax details.
  • Uncertain: These transactions do not fall under either of the two categories – included or excluded. Uncertain transactions are listed in the table below.

Using these ST3 and A3 reports, you can:

  • View/verify transactions that are included for tax calculation/returns.
  • Ascertain which transactions are listed as excluded or uncertain.
  • Alter/correct information instantly for uncertain transactions.

FEATURES OF ST3 AND A3 REPORTS
Statistics of Vouchers
This section of the new report provides:

  • Count of vouchers which are included, excluded, and uncertain.
  • Drill down reports to the voucher level from the included, excluded and uncertain vouchers.
  • Exceptions which are handled for uncertain transactions, are as follows:

o    Service Category cannot be determined for the service ledger
o    Service Category for advance receipt entries cannot be determined for the service ledger
o    Tax rate  cannot be determined for the service ledger
o    Tax details cannot be determined for Service tax ledgers
o    Tax type cannot be determined for tax ledgers
o    Where some tax ledgers are missing
o    Where there’s a difference in the actual and calculated service tax amounts
o    Where the Notification Number and Notification Serial Number cannot be determined
o    Where service bills are not linked to payments/receipts or debit/credit note
o    Where the Nature of Adjustment cannot be determined for service tax adjustment entries

TRANSACTIONS SUMMARY

  • This section provides an overview of the included transactions .
  • In this section you can view

o    Tax computation on the basis of realisation
o    Reverse charge transactions
o    Service tax opening balance entry
o    Input Service Distribution

PAYMENT
This section includes information pertaining to tax payment on included transactions, and/or payment of arrears, interest and miscellaneous payments.

STATUTORY ENHANCEMENTS FOR TDS/TCS
Enhanced Transaction and Masters Experience for TDS/TCS
You can now experience the following flexible, intuitive options for transactions and masters:

  • Users can configure the various Nature of Payment/Nature of Goods, and their period of applicability
  • Assign classification created to masters and transactions based on business requirements
  • Option to override the default classifications during transactions

FEATURES OF TDS AND TCS REPORTS
The statutory enhancement for TDS/TCS computation reports enables you to identify and correct transactions recorded before filing tax returns. All transactions, whether recorded correctly, incorrectly or inadequately are captured and categorized in the new computation report.

STATISTICS OF VOUCHERS
This section of the new report provides:

  • Count of included, excluded, and uncertain vouchers.

o    Included: This will be a part of TDS Forms – 26Q and 27Q and for TCS in Form 27EQ. This includes all TDS/TCS transactions such as expense booking, deductions, returns, payment, and adjustment entries.
o    Excluded: These transactions do not carry relevant TDS/TCS details, and are excluded while generating returns.
o    Uncertain: These transactions do not fall under included and excluded categories.

Drill down reports to the voucher level from included, excluded & uncertain vouchers.
The summary of uncertain vouchers allows the user to identify the missing information, correct the details entered, and resolve exceptions. By doing so, appropriate transactions will be included to generate the return forms for TDS and TCS. Hence, the duty liability raised is accurate.