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Release Notes for TallyPrime and TallyPrime Edit Log Release 6.0 | What’s New

TallyPrime 6.0 launches a transformed Banking experience with an exciting new capability: Connected Banking. With enhanced Bank Reconciliation and automated accounting using Bank Statements, you can now devote quality time to the growth of your business.

Data Split is also much smoother now, with robust error verification. You can make the most of the new Profile feature, where you can easily update your contact details & receive timely communication.

You also get a host of enhancements across GST, TDS, and VAT, which will make your experience with TallyPrime even more fruitful.

Transform Banking for Your Business

TallyPrime Release 6.0 makes banking delightful with an enhanced Bank Reconciliation and Connected Banking. The enhanced Bank Reconciliation offers numerous facilities for matching book transactions with bank transactions, which keep your books in sync with your bank. Connected Banking helps you reduce time and effort consumed in various banking activities. 

Key Features

Enhanced Bank Reconciliation
Save time and improve accuracy with automated reconciliation for exact matches. Get smart suggestions for potential matches, making the process seamless and efficient.

Automated Accounting Using Bank Statements
Create vouchers from bank data in just a few clicks, eliminating repetitive data entry. Simplify accounting and reduce errors effortlessly.

Integrated Payments & Accounting
e-Payments now feature a new, simplified report that integrates accounting and reconciliation. Track and manage e-Payments seamlessly across 18+ banks.

Connected Banking
Enhance cash flow visibility and enable swift decisions with Connected Banking. Securely connect your bank accounts to TallyPrime for real-time statements and balances.

Enhanced Bank Reconciliation

Enhanced Bank Reconciliation

TallyPrime’s enhanced bank reconciliation feature offers intelligent matching between your book and bank transactions.

  • Auto-reconcile exact matches while importing the bank statement or choose to reconcile later—fully configurable in your bank ledger.
  • Set Potential Match rules tailored to your business needs for easier reconciliation of matching transactions.
  • Find matches for single or multiple unreconciled transactions quickly.
  • Reconcile one or multiple transactions from your books against corresponding bank transactions.
  • Prefer manual reconciliation? You can continue with the traditional manual process.
  • For first-time reconciliation, set a reconciliation date and add unreconciled transactions to the Opening BRS report, which will appear in the Bank Reconciliation report for easy matching.
  • If you split a company, unreconciled book and bank transactions will automatically appear in the Opening BRS report for streamlined reconciliation.
Automated Voucher Creation using Bank Statements

Create vouchers at one go using entries from imported bank statements. Automated voucher creation comes with great flexibility, as you can:

What’s more, all the key information, such as narration, instrument number, instrument date, and amount, gets automatically filled. This significantly reduces the time and effort.

New and Revamped Banking Reports

Simplified Bank Reconciliation with Enhanced Reports

Bank reconciliation is now even easier with new and improved reports such as Banking Activities, Bank Reconciliation Summary, and Bank Reconciliation.

  • The Banking Activities report provides an overview of all your Bank Ledgers, highlighting pending actions for Bank Reconciliation and e-Payments.
  • From Banking Activities, drill down into the Bank Reconciliation Summary for detailed insights on specific banks, showing book and bank balances, withdrawals, deposits, and unreconciled e-Payments.
  • Access the Bank Reconciliation report directly from unreconciled transactions in the Bank Reconciliation Summary, allowing seamless management and reconciliation of book and bank transactions.
  • You can also drill down from Banking Activities to the newly redesigned e-Payments report, where you can correct details or check payment statuses before exporting from TallyPrime.
  • Ledger Voucher and Day Book reports now feature banking-related data, including account numbers, payment methods, and transaction details—making tracking payments and reconciliation status easier, complete with instrument numbers and transaction dates.
A Secure & Versatile Connected Banking Experience

With Connected Banking, you do not need to log in to multiple bank portals to access your bank accounts. With a single, secure login to Connected Banking () using your Tally.NET credentials, you can connect all your bank accounts to TallyPrime (). You can then:

  • Check bank balances () right from TallyPrime in a matter of seconds.
    This helps you view your bank balance instantly when you want to send payments to vendors, and compare the balances between your books and bank account.
    What’s more, you can view the bank balance in reports such as Ledger Vouchers and Group Summary.
  • Get bank statement online () and use it for bank reconciliation.
Other Enhancements in Banking

Bank Data in Your Company Books
Easily import bank data from over 145 banks in India and 80 banks across Asia, Africa, and North America. The imported bank details are stored within your Company data for quick reference and reconciliation, simplifying audits.

e-Fund Transfer Mode for e-Payments
For e-Payments, set the e-Fund Transfer Mode (e.g., IMPS, NEFT) based on the voucher amount. The best part: the e-Fund Transfer Mode is automatically applied to the vouchers.

Bank and Reconciliation Details in Payments & Receipts
Payments and receipts now include all relevant bank and reconciliation details, which you can refer to conveniently during voucher creation or modification.

Dashboard Tiles for Connected Banking & Reconciliation
Get a quick overview of your banking-related details, including pending reconciliation transactions and the current balance, through dashboard tiles.

Bank-Related Details in Edit Log
The Edit Log now tracks changes in Bank Date, Instrument Number, Instrument Date, and even the UPI ID of your customer for better transparency and auditing.

Split Your Company Data with Ease

The updated Data Split feature in TallyPrime Release 6.0 offers a more streamlined and user-friendly experience. With improved screens, new split options, and a data verification prompt, the process is now smoother and more efficient. Enhanced error verification ensures accuracy, making data splitting easier than ever.

Creation of a single company after Split

The updated Split process () helps you create a single company for easier and more secure data management. If you have a large volume of data, you can create a new company with the latest data. This helps you run your business smoothly and significantly improves your performance.

The best part is, you still have the flexibility to choose the traditional two-company Split (), based on your business needs. This will create one company for compliance purposes and another one with the latest data to continue with your business transactions.

Moreover, the new progress bar gives you great clarity about the stages and the progress of the Split process.

Enhanced data verification

Data verification in TallyPrime is now upgraded to handle more errors in vouchers and masters, ensuring a smoother and more accurate Split. To reduce errors and enhance accuracy, you’ll receive a prompt to Verify your data before initiating the Split process.

For further details, refer to the Split Data in TallyPrime topic.

Other Enhancements in Split & Verify

Resolved Issues in TallyPrime Release 6.0

  • Out of Memory or Memory Access Violation error during data verification has been fixed.
  • Slow performance, delays, or stoppages while splitting vouchers in TallyPrime Edit Log have been resolved.
  • Temporary overflow of Tally limits and the Restart and continue error during data verification in the TallyPrime Edit Log (Release 4.0) have been addressed.

These fixes ensure improved performance and smoother operations within TallyPrime.

Easily Manage Your Profile Details

TallyPrime 6.0 introduces the new Profile feature, which enables you to view and update the contact details linked to your Tally Serial Number. Accurate contact information ensures you receive timely communications and updates.

Key Highlights

  • View & Edit Profile: Easily manage your contact details within TallyPrime.
  • Tally Portal Access: Quickly navigate to the Tally portal for additional updates.
  • Reminders: Receive notifications twice a year, reminding you to check and update your profile details.

Keep your profile up to date for smooth communication.

Enhancements in GST

Enhancements in GSTR-1 and GSTR-3B Filing

  • GSTR-1 filing is now more intuitive, ensuring you upload the return before filing. This prevents Nil Returns, which could occur if the return is filed without uploading it.
  • The TXPD section of GSTR-1 now displays accurate details, with amounts correctly matched automatically.
  • You can now copy B2B sales invoices from one company to another using F3 (Company). These invoices will no longer appear as Duplicate Voucher Numbers in GSTR-1 and GSTR-3B.
  • TallyPrime now supports the Excel Offline Utility version 5.4 for GSTR-3B, ensuring all ITC-related data appears under the correct categories, rather than under the e-commerce row of Section 3.1.1.
  • Transactions with URD bank ledgers and exempt expense ledgers now appear correctly in GSTR-3B under Exempt, Nil Rated, and Non-GST Inward Supplies, instead of the previous placement under Uncertain Transactions.
  • Cess on Quantity, round-off, and decimal values are now calculated accurately in transactions, resolving issues where such transactions were previously marked with incorrect tax amounts or mismatches.
Seamless TDS Calculation

When TDS values are updated in transactions, the details will now appear correctly. Earlier, when TDS values were updated, there were issues in Dr & Cr and TDS ledger values.

Enhancement in VAT Report

The VAT report in TallyPrime now appears correctly for all Indian States and Union Territories. Previously, the VAT report was not displaying for the following regions:

  • Puducherry, Haryana, Telangana, Chandigarh, Dadra & Nagar Haveli and Daman & Diu, Kerala, Ladakh, Sikkim, Tripura, Uttarakhand, Uttar Pradesh, and West Bengal.
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