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Comparison between various version of tally

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Comparison between various version of tally

Brief Comparison between various version of tallyTally 4.5Tally was started with is first version ofTally 4.5, which was a DOS based program. This program was very light weight and very fast in operation.Tally 5.4The next version was 5.4 which was graphic interface version. It became popular in the masses. Its pirated copy made it most popular accounting software.Tally 6.3Next version was tally 6.3 which was truly windows based version which could support fast printing and with VAT implemented. Tally 6.3 came with water tight security in terms of piracy. With its dongle it was almost impossible to crack. Although crack of software were available but Tally's policy of frequent upgrades and newer releases does the trick.

Brief Comparison between various version of tally(continued)Tally 7.2Next version of Tally was Tally 7.2. It was also fast version with lots of new feature like statutory compliant versions. Different VAT rules for different states was achieved with this version.Tally 8.1Tally 8.1 was developed with new data structure of Tally. A module of POS and Payroll was added to it. It could not live up to the expectations with the people and marred by bugs. Company rectified many but the version could not become popular and company has to abort it before time and launch new version.Tally 9This is the latest version of Tally which has maximum features. All other versions have been declared end of life period by Tally company. Tally 9 has advance features like Excise for Dealers, Payroll, FBT, TDS, e-TDS filing facility etc along wit its regular features related to accounting and inventory management.


The Extended Enterprise SystemRELEASE 1 NEW FEATURES Release 1.1 new featuresRelease 1.2 new featuresRelease 1.9 NEW FEATURES

The Extended Enterprise System

The new Tally ees 6.3 comes with breakthroughs in collaborative technology that extend your company's capability of managing information across your software applications and your offices, with your business partners and your managers-on-the-move. All this leads to accurate decisions for improved profits.

NEW FEATURES RELEASE1New FeaturesReorder LevelsAged Stock AnalysisScenario ManagementTallyODBCE-capabilities

RELEASE 1Reorder Levels

Reorder level is that quantity in hand for a stock item, reaching which, you should order your supplies. The importance of reorder level arises from the desire to have sufficient stocks to service customer orders and at the same time not to have unnecessarily high stocks. Therefore, the points to be considered in deciding reorder levels are the lead time for suppliers to deliver stock , the delivery time specified by the customer, and the stock in hand to satisfy orders in the meantime. In simple mode, Tally accepts your specified quantities only. In advanced, Tally considers past consumption patterns to suggest reorder levels. You can however, give your own levels. You may also specify the minimum quantity that is to be placed for each order in either simple or advanced mode.The purpose of specifying reorder levels is to obtain a report that indicates the stocks that need to be ordered. Hence, we will first specify and then obtain the report.More:Specifying Reorder LevelsObtain Reorder Status and Quantities to orderAlter Reorder Levels and minimum quantities

RELEASE 1 Aged Stock Analysis (Ageing Analysis)

A very important function of Working Capital management is monitoring stocks. Money locked up in stocks can adversely affect the liquidity of a company and every company strives or should strive to reduce stock levels to the optimum. Every business (except perhaps the liquor and antiques dealers) would prefer to dispose of older stocks as they might deteriorate with time, go out of fashion, or simply get forgotten. Tally's aged stock analysis or Stock ageing enables you to know the age of stocks in hand according to when they were received and the purchase value.

How to view Ageing Analysis

RELEASE 1Scenario Management

Scenario management is a management tool that enables different views of your information, both accounts and inventory related, by selectively including certain types of vouchers without affecting the base data. This is useful in reports with provisional figures without actually putting the entries through the main books. It is also useful for forecasting by entering forecast figures in provisional vouchers and including them to get forecasted figures.The vouchers that are used in Scenario Management are:Optional VouchersMemorandum VouchersReversing Journals


Tally uses ODBC to connect to other programs and exchange data dynamically.Outward ConnectivityInward ConnectivityOutward ConnectivityPick up data from Tally directly into other programs like Microsoft Excel or Word without any programming! Print labels for greeting cards from the ledger addresses stored in Tally! Even create templates for the likes of Audit Reports and Schedule VI forms and plug in data from Tally. Tally's database is now open for use in most popular programs to give you the unlimited flexibility of creating your own reports using up-to-date data from Tally.Inward ConnectivityOn the other hand, Tally ies 7.2 is capable of being programmed by TallyExperts to use data from other systems much more easily. This permits you to continue using other systems and use some of their data in Tally as if they were parts of one integrated system. For example, a customer contact management program may contain various details like status of an order and last contact made. Bring in that data into Tally to merge into a report containing outstanding balances. Any changes in the other data will be immediately reflected in Tally.

RELEASE 1 E-capabilities AND Release 1.1 new features

E-capabilitiesE-mailInternet PublishingWeb-browserRelease 1.1 new featuresOptional Vouchers by defaultItem Invoice & Account InvoiceCommon Ledger A/c for Item AllocationCredit Period details in Ledger MasterUse Defaults for Bill AllocationAccept Supplementary DetailsSingle Entry Mode for Payment / Receipt / Contra

Release 1.2 new features

Printing documents (invoice, vouchers etc) with currency decimal place in words (e.g. Paise, pence, cents, etc)Tally Synchronization. Tally Modular - ALT+R and ALT+S usage in stock item voucher register --

Release 1.9 NEW FEATURES

Proxy Server ConfigurationA new configuration option has been added in the F12: Configure menu.

Release 1.9

Rejection In and Rejection Out In Stock Vouchers sub-screen of Stock Item/Group monthly summary reports, Rejection Out would be shown as Negative (-) quantity in Inward Column, and Rejection In as Negative (-) quantity in the Outward Column. In the event of Rejection In (Material Inward but considered as (-) Outward), the Rate at which the Item has been returned, will not affect the value of Closing Stock and the value of material would be debited to respective sales account only. In case of Rejection Out (Material Outward but considered as (-) Inward), the Rate at which the Item is returned will change the rate of Item for the balance Closing Stock.Synchronization Modification in Op. Balance of a Debtor or partial adjustment of the same against multiple receipts were not getting synchronized to the server data. The same has been corrected in this release. In case of change in the Op. Balance (In case of carrying forward the balances to next year) the user must modify one of the existing vouchers in order to synchronize the modified Ledger account.

Release 2.0

VAT EnabledIndian VAT enabled in Tally ees 6.3 release 2.0. If Use Accounting Terminology of is set to India/Asia in F12: Configure > General, a new option Use Indian VAT? appears in the company configuration screen (Create/Alter). Once the same is set to YES, two new fields are available in the Item Master to input the VAT & SAT Rate. Also allows you to define the Type of Calculation as VAT/SAT in the ledger master and Voucher class in order to automate the VAT calculations in the invoice.SynchronizationDifficulty in synchronizing the data with Canceled vouchers ResolvedProfit and Loss A/cDisplays incorrect values (negative) for Sales bills to make - Resolved

Release 2.1

Tally Link ServerTally Connected customers get access to a range of connected services known as Tally Internet Services. Tally Link Server is one of the services available as a part of Tally Internet Services. It enables two instances of Tally to communicate with each other without the requirement of a fixed IP address in the server. Tally Connected customers can synchronize their data using the Tally Link Server.Import/Export Snapshot --Helpful to setup synchronization when both the companies participating in synchronization have large no. of transactionsAbility to Import any XML files of any sizeOption to compress data during Synchronisation Insert Failure Voucher ID Error > Resolved

Release 3.14 - 3.15 NEW FEATURES

The new licensing feature enables you to register Tally even if you do not have a direct Internet connection. You need to do this only once and not monthly.If you are an Offline user, you can take a request file to a computer with an Internet connection and activate your copy of Tally easily.The license is now linked to a computer. However, you can use the same Tally license on another computer, by surrendering your license on the first computer and reactivating it on any other.


Release 1 New Features Salient features of Tally VAT 1 VAT Computation screen TDS in Tally ies 7.2 Single User Licensing ,Multi User Licensing Release 1Integrated Enterprise SolutionTally ies 7.2 version has the latest taxation structure integrated in it. These integrated features in Tally will make it simple to manage myriad issues that will arise due to the complexities of taxation in your day-to-day activities. Licensing has been simplified for single-users and multi-users.New Featurescomplete Value Added Tax (VAT)Tax Deducted at Source (TDS)Licensing.

Release 1 Salient features of Tally VAT

Salient features of Tally VATVAT is completely integrated with Tally 7.2. The VAT functionality in Tally 7.2 supports the following features, making it easier for computation:Quick & easy setup Fast & error-free voucher entry Pre-defined list of sales & purchase classificationsComplete tracking of each transaction till annual returnsPrinting of Tax invoiceVAT computation reportBetter VAT-returns managementMonthly Return

Release 1,VAT Computation screen shows as follows:

Release 1 TDS in Tally ies 7.2

TDS (Tax Deducted at Source) in Tally ies 7.2 provides an easy-to-use interface with complete flexibility. It helps you to handle any intricate cases and to calculate the tax amount payable to the Income Tax Department.Features of TDS in Tally ies 7.2The TDS functionality in Tally ies 7.2 supports the following features:Simple and User-friendlyQuick and Easy to set up and usePartial/Full payment of Tax deductedAuto and Manual calculation of TDS amountGenerates TDS Challan and Exception reportsComplete tracking of each transaction from deduction to paymentChallan management and printing ensures prompt and accurate filing of TaxThe Auto allocation feature prevents error-prone data entry and helps to track the transactions faster

Release 1Creating Tax Ledger

Release 1--Single User Licensing ,Multi User LicensingTallySilver for Single-UserThe single-user Licensing allows the deployment of Tally on ONLY ONE computer with an option of activating it Online or Offline. However, you can use the same Tally license on another computer, by surrendering the license activated on the first and reactivating it on the other. If you are an Offline user, you can take a request file to a computer, which has Internet connectivity and activate your copy of Tally easily. TallyGold for Multi-UserThe multi-user Licensing feature facilitates the use of Tally on ANY NUMBER of computers connected to a local area network (LAN) with a provision of activating the license Online or Offline. However, the method of activation is no different from the one followed in Single User Licensing system.After the successful installation of multi-user license on the License server, you can have Tally start when Windows starts and run as a service in the background. The License clients may install and use Tally later

NEW FEATURES OF TALLY 8.1 OVER TALLY 7.2 :- Release 1.0 new featuresRelease 1.0 Major Changes and EnhancementsRelease 1.1 new featuresRelease 1.0 new featuresTally 8.1 - AMultilingual Business Accounting & Inventory Management Softwareprovides support forFringe Benefit Taxcomputation andVAT Composition returnsgeneration in addition to its language capabilities.New FeaturesMultilingualSupportFringeBenefit TaxVATComposition ReturnsExcisefor Dealers

Release 1.0 new featuresMultilingual Support Tally 8.1is so technologically advanced that it can operate in all Indian languages concurrently! That means, you maintain accounts in any Indian language view it in another and print it in yet another language of your choice. at the same timeFringe Benefit Tax FBT(Fringe Benefit Tax)is a one time, easy to enable configuration. Tally provides the complete tracking of expenses covered under FBT. It computes FBT based on the eligibility criterion and generates FBT Challan and returns.VAT Composition Returns VAT CompositionReturnsprovides fast and error-free voucher entry with complete tracking of each transaction. The Composition Rate of VAT is automatically recognised based on the turnover. It prints VAT Composition Returns for VAT enabled states. The tax payable is calculated automatically and displays in the Return Form.Excise for Dealers Excise for Dealersprovides complete tracking of duty credit availed and passed on. It supports printing of excise invoice and generates the required statutory reports.

Release 1.0 Major Changes and Enhancements

LIFO and FIFO valuation methodStd Cost and Std Price Valuation methodIf you have not setSet Standard Rates?in Stock Item masters but have setCosting MethodtoStd CostandMarket Valuation MethodtoStd. Price.In Tally 7.2, the First Purchase cost was taken into consideration for the Std Cost Valuation and the First Sale price for Std Price valuation methods.However, Tally 8.1 accurately considers the Last Purchase cost for Std Cost Valuation and the Last Sale Price for Std Price valuationOn Account values were being taken as 'overdue' in Ratio Analysis in 7.2In Tally 7.2, On Account values were taken into consideration while calculating values for Due till today in Ratio Analysis.Tally 8.1 has resolved this and displays only the outstanding values in Due till today. (for Sundry Debtors and Creditors)

Release 1.0 Major Changes and EnhancementsAverage CostWhen Multiple Sales and Purchases are made against Receipt and Delivery Notes at a rate different from that specified in the Receipt and Delivery notesFor Example: Let us assume you have passed a Receipt Note for 100 nos. of an item @ Rs. 100 per item. Subsequently you pass a Purchase Invoice for 30 nos of the item @ Rs. 120 against the above Receipt Note. This means that some items are still pending against the tracking number.In Tally 7.2, the difference in the rates would be incorrectly included in the original value The balance sheet viewed with Avg. Cost valuation method displays closing stock values at Rs. 10,600.This has been resolved in the new Tally 8.1, which accurately displays the Avg. Cost closing stock valuation in the balance sheet as Rs. 10,000.Pending Tracking number values were approximate, even though quantities were accurate (causing few Paise difference depending on context)Tally 7.2 used to display pending Delivery/Receipt with approximate values, causing a small difference in the values.Tally 8.1 has resolved this and displays the pending Delivery/Receipt Notes values accurately.

Release 1.1 new featuresE-Mail AuthenticationMulti-accounting Allocation When you rewrite a company, the vouchers with multiple accounting allocations will be retained ifUse Common Ledger A/c for Item Allocationis set toNo.Synchronization of Altered Transactions Synchronization is possible even when data migrated from Tally 7.2 consists ofcancelledvouchers.Cost Centre Class in Stock Journal In Tally 8.1 you cannot selectCost centre classwhile creatingStock Journalsas it is not applicable.Migration The process ofMigrating DatatoTally 8.1is now effectively enhanced.Migrating Currencies Multiple currencies can now be easily migrated to Tally 8.1.Forex Gain Loss Calculations Tally 8.1 displays accurateDebitandCreditamounts in theLedger Forex Gain/Lossreport unlike Tally 7.2 in whichDebitamounts were displayed asCreditand vice versa.

NEW FEATURES OF TALLY 9 OVER TALLY 8.1Release 1.0 New Features Release 1.1,Major EnhancementsRelease 1.2 NEW FEATURESRelease 1.3 NEW FEATURES Release 1.31 Enhancements

Release 1.0Tally 9 The Worlds Most Powerful Concurrent Multi-lingual Integrated Business Accounting Softwareis now enhanced with major new capabilities like Payroll, POS Invoicing, Service Tax for Malaysia, Sales Tax for Malaysia and VAT for Indonesia besides numerous minor functional improvements in the product.New Features Payroll POSInvoicing MultilingualSupport Statutoryand TaxationPayroll It has been integrated with accounts, in order to simplify Payroll processing. Payroll can be configured to suit the requirements of various types of organization.You can now configure, align and automate simple to complex payroll processes. You can printpay slips, maintain salary/wagesandattendance/ leave/ overtimeregisters, and generateGratuityandExpatreports. You can also configure Payroll Data with cost centre reports for business analysis.The enhanced Payroll in Tally 9 is now simple and allows you to generate aPayslipfoureasy steps.

Release 1.0POS Invoicing POS Invoicingin Tally is equipped with ease of use and advanced capability to simplify your retail operations. It efficiently automates the check-out process, and allows you to create invoices and collect payments from customers, in a matter of moments.Multilingual Support Tally 9 now provides the language interface support in; Bahasa Melayu; and Bahasa Indonesia.

Release 1.0Statutory Compliance and TaxationTally 9 now provides you with compliance of VAT for different states in India. It also provides youService Tax for Malaysia SalesTax for MalaysiaandVATfor Indonesia.

Release 1.1,Major Enhancements

New Attributes in Tally.iniTally introduces three new attributes to theTally.ini file. OptimizeNetwork LoadBuffering FlushFileFIFO Perpetual --Tally introduces a new method of inventory valuationFIFO Perpetual, which is similar to LIFO Perpetual. The Normal FIFO treats the opening balance of the financial year as the terminating rate to apply for residual stock. FIFO Perpetual takes all existing past data. Both LIFO and FIFO Perpetual are capable of changing the valuation when the company is split unlike

Release 1.1 Major Enhancements

Abatement in Service Tax Tally now offers you the flexibility of entering the desired percentage of abatement in service tax.Sales Invoice Printing You can now print any number of sales invoices, with the appropriate print title.Option to Print Invoices as Excise or VAT Invoice Tally now offers you the optionPrint as Commercial Invoiceat the Print Configuration screen. Set it toYes/Noto print an Invoice either in the Commercial (VAT) or Excise invoice format.Performance and Data Migration in Tally 9 tally 9 comes with enhanced performance and improved stability over the previous versions. Thedata migrationtoolhas also been enhanced resulting in more accurate and speediermigrationofdata.

Release 1.2 NEW FEATURESExcise Opening StockCalculation of Secondary Education CessCalculation of CVD (On Import)Start of new Financial YearVAT Payment Vouchers For India OnlyVAT Declaration in Excise Sales InvoiceEducation Cess on CVD in Excise Sales InvoiceDuty Heads for Customs and ExciseActual Billed QuantityDesignation of Signing AuthorityInterest ParametersInterest CalculationFormal ReceiptCheque PrintingForeign ExchangeMulti Column Cash/BankTracking Consignee

Release 1.3 NEW FEATURESGodowns Theaddressentered in theGodowncreation screen appears legible.Bank Reconciliation TheBank Reconciliationstatement displays appropriate entries as configured inF12: Configure.Stock Journal The value in the rate field of aStock Journal (Transfer of Materials)appears appropriately. Rejection In/ Out Vouchers--TheRejection Inward/ Outwardvouchers display the customer details as entered in theMailing Detailssection of the Customer ledger creation.Inventory Report--TheGodown wise Inventory reportsnow displays accuratebalancevalues whereas multipleGodownsare maintained.Price Level--Creating aPrice Level, usingAlt+Cfrom thePrice Listscreen will display the same in the Price Level field spontaneously.Security Control--Tally provides access to thefeatures/ optionsas specified in theSecurity Levelsscreen.Cost Centre--Set the optionShow Cost Centre Details alsotoYesin theMulti Account PrintingforGroup of Accountsto print theCost Centre details.

Release 1.31TDS---Earlier making an advance payment to a party through the single entry mode would not calculate the TDS amount. However, now theTDS amountappears appropriately.Mismatch in Credit and Debit Balances---Receipt vouchers created in the double entry mode using foreign currency used to display a mismatch inCreditandDebitbalances in the alteration mode. The mismatch in balances has been resolved.Negative Stock Warning in Journal Voucher---Migrating to Tally 9---Data migrated fromTally 7.2used to display the Euro currency symbol,as a box in Tally 9. However, modifications done will successfully migrateto Tally 9 now.Booking FBT Expenses---Corrections have been made in the Ledgers ofFBTCategory report to display details ofFBTexpensesbooked by means of a Memorandum voucher report.Price lists and Stock Items with Negative or Zero BalanceUDF Value left BlankExcise stock duty details after data rewriteMigrating String UDF value specified under Voucher Object---Earlier, migrating data fromTally 7.2toTally 9would not display theStringUDFvalue specified underVoucher ObjectinTally 9. However, modifications have been done to ensure successful migration of the same.UDF Values specified under Company Object---Modifications have been done to ensure that the values ofStringandDate UDFsspecified underCompany Objectappear inTally 9on migration fromTally 7.2.

Difference between Tally 9.1 & Tally.ERP 9?

Auditor's role critical:-- A growing economy, widening tax net and increasing compliance requirements make an Auditor's role critical. For a Chartered Accountant like yourself, this could mean time is at a premium. Travel and people costs escalate by the day. Manpower is in short supply. Instead of an ideal level workload across the year, you have short periods of intense work. You can turn all this around. Presenting Tally.ERP 9 - Auditors' Edition, a powerful tool exclusively for CAs.

Tally.ERP 9 - Auditors' Edition is a great help for auditors:--

Tally.ERP 9 - Auditors' Edition is designed to help you to transform your practice and streamline your clients' businesses. Working in conjunction with Tally.ERP 9 installed at your clients' offices, this unrivalled product can increase audit efficiency, reduce time and effort, increase opportunity by adding new services to your portfolio, and more. The new remote capability to access clients data from wherever you are - say directly from your office, and even offer value-added services like Continuous Compliance... are just some of the many opportunities available to you via this unique product.

Highlights of Tally.ERP 9 Auditors Edition:

Secure remote access to client data

At-a-glance dashboard showing voucher/ledger correctness and verification status

Easy-to-spot-errors via exceptions

Special audit and compliance menus

Generate annexure for Tax Audit under Sec 44AB

Business Advisory Programme (BAP)Business Advisory Programme (BAP) A concerted initiative of your association - the Institute of Chartered Accountants of India (ICAI) - the BAP steers CAs towards increased opportunities and earnings and expanded service portfolios.

Tally.ERP 9 - Auditors' Edition delivers powerful tools to help you grow your practice - keeping the objectives of the BAP Programme in mind.

Tally.ERP 9 - Overview

You bank and pay utility bills from home, why not do your business accounts? Or call up a stock status report and print a copy from wherever you are? Tally.ERP 9 has been designed with you in mind. Powerful connectivity makes information available with your staff, CA and other professionals, round-the-clock, in any place. It's also quick to install and allows incremental implementation-a novel capability that lets you activate just as many of its functions when required, even across locations.

Advantages of Tally.ERP 9:Powerful remote capabilities that boost collaborationEasy to find qualified personnelEasy to customizeLow cost of ownership via quick implementation, Tally Integrator, Support Centre

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