Tally Prime 6.0: What’s New and How It Benefits You

Tally Prime 6.0 has sophisticated capabilities with the addition of new features and updates. Following are the highlights of the improvement:

1. Improved GST Compliance and Features

Compliance with GTS is extremely important for any business in India. Tally Prime 6.0 comes with additional capabilities that make fulfilling compliance requirements seamless, including:

• E-Invoice Generation for Businesses: With the new Tally AWS integration, businesses can now generate e-invoices directly from Tally Prime, enabling compliance with government rules and regulations. This feature is especially helpful to businesses with a turnover over 10 crore rupees.  

• Simplified GST Reconciliation: The automation of this process allows for accurate returns, maximising efficiency while minimizing discrepancies.  
• Detailed GST Reports: The filing of returns is made easier along with tracking tax liabilities and the revealing of records for auditing purposes.  

2. Enhanced Payroll Management

The new features of Tally Prime ensures businesses can effortlessly report their GST without fear of making mistakes and suffering the resulting penalties.  

• Simplified Payroll Computation: Automating deduction, salaries and bonuses helps with aid with payroll computation.  
• Enhanced TDS Integration: TDS and eTDS return files can now be computed and generated directly through Tally Prime.
• Pay Slip Generation: You can now streamline payroll management for your entire workforce with automated pay slip generation.

3. Advanced Inventory Management

Companies with inventory based operations can take advantage of new features in Tally Prime 6.0 inventory upgrade:

• Batch-wise and Location-wise Tracking: You can track your inventory in different locations and batches which increases accuracy in stock management.
• Real-time Stock Updates: Tally Prime helps you deal with stockouts and overstocking problems by updating in real time as stock levels change.
• Multi-location Inventory Management: All businesses with multi-situs activities can now manage stock in several locations effortlessly.

These features assist companies in enhancing their organization, minimizing wastage, and increasing profits.

4. User-Friendly Interface

The new and improved design by Tally Prime 6.0 enhances the interface for easier and more self-explanatory user experience. This enables businesses to: 

• Access Reports Faster: Users can generate or access reports in no time due to the upgraded dashboard.  
• Personalized Dashboards: Prioritize and customize the dashboard to show the most important metrics to you. 
• Simplified Navigation: The new interface allows effortless navigation in Tally Prime making it easier for new users, thus shortening the time needed for them to learn the software.

5. Cloud Integration – Tally on Cloud

Tally On Cloud’s integration is certainly one of Tally Prime 6.0’s best features. Businesses can conveniently work across different locations because this feature allows them to securely access data from any device, at any time. If you are working from home, or if you are in different offices, Tally Prime’s cloud solution will support you with:

• Remote Access: Through Tally AWS, businesses can access their accounting software from anywhere without requiring physical infrastructure.
• Real-time Data Syncing: All of the data is synced across locations in real time to ensure that you are always working with up-to-date information.
• Data Security: Tally Prime on Cloud ensures that encryption backed business data is backed up and protected with the latest technologies.

Noida based companies or others looking for reliability and flexibility towards account management will find Tally Prime on Cloud the perfect solution for accounting on the go.

6. Bank Reconciliation and Payment Integration

Maintaining finances has become easier than previously possible, with Tally Prime 6.0’s added bank reconciliation features: 

• Auto Bank Reconciliation: The software allows ease of use through the automation of reconciling bank transactions with accounting records in Tally Prime. This step reduces both time and reconciliation errors.
• Payment Gateway Integration: Businesses can now accept payments seamlessly within the software with integration of well-known payment gateways. 

7. Improved Data Security  

With Tally Prime 6.0, businesses can rest assured to improve data security and guarantee that sensitive financial data is protected from unauthorized access.  

• Role Based Access Control: An administrator has the capability of setting unique user permissions for every individual user, thereby, ensuring that only sanctioned staff can access sensitive information.  
• Data Encryption: Besides all business data being encrypted, they are also further protected from unauthorized breaches through data encryption.