TallyPrime

Welcome to SBE Fintech Service’s Tally Prime page! Here, we’ll dive into how Tally Prime can transform your business operations, streamline accounting, and boost productivity. Tally Prime is designed to simplify your financial management while helping your business grow with ease. Let’s explore what makes Tally Prime the ultimate choice for businesses.

What is TallyPrime?

Tally Prime is the latest version of Tally’s trusted business software, built to help you manage your accounts, inventory, payroll, and more—all in one place. Designed for small to medium businesses, Tally Prime is easy to use, packed with features, and scalable to meet your growing needs.

TallyPrime Features and Benefits

1. Invoicing and Accounting

Generate professional invoices effortlessly with Tally Prime. The software supports multiple types of invoicing, including GST-compliant invoices, credit notes, and more, while automating accounting processes such as ledger management, reconciliation, and adjustments. Say goodbye to manual bookkeeping with Tally’s automated accounting.

2. Inventory Management

Monitor and manage your inventory with precision. Tally Prime offers tools for tracking stock levels, managing batches and expiry dates, and controlling multiple warehouses. With Tally, you can maintain an optimal inventory level, reduce wastage, and improve order fulfillment accuracy.

3. Reports

Access insightful reports in real-time to make data-driven decisions. Tally Prime offers over 400 customizable reports, including financial statements, stock reports, sales analysis, and tax summaries. With easy navigation, you can dive deep into data for a clear view of your business’s performance.

4. Credit and Cashflow Management

Tally Prime makes managing credit and cashflow easy by automating reminders, tracking receivables and payables, and providing a detailed overview of your cash position. By keeping a close eye on cashflow, you can avoid liquidity issues and make timely business decisions.

5. Taxation and Compliance

Tally Prime ensures you’re fully compliant with India’s tax regulations, including GST. From filing returns to managing TDS and TCS, the software automates complex tax calculations and compliance, making tax management smooth and error-free.

6. Banking

Simplify bank reconciliation and other banking tasks with Tally Prime. Track payments, clear outstanding bills, and manage bank deposits and withdrawals all in one place. Tally Prime’s banking module streamlines financial transactions and integrates seamlessly with online banking.

7. Net Capabilities

Access your business data remotely with Tally Prime’s net capabilities. Tally Prime enables remote access, allowing you to monitor sales, check reports, and manage accounts anytime, anywhere, providing flexibility and convenience for on-the-go business owners.

8. Cost Control and Cost Analysis

Stay on top of your costs with Tally Prime’s cost control and analysis features. By tracking expenses and analyzing cost trends, you can identify areas to reduce spending and improve profitability.

9. Enhanced Security Management

With multi-layered security features, Tally Prime protects your business data. You can set user-level permissions, manage data access, and back up files securely. Advanced security options allow for safe data handling while ensuring compliance with data protection standards.

10. Payroll Management

Efficiently manage employee payroll with Tally Prime. Process salaries, handle deductions, calculate statutory compliance contributions, and generate payslips in just a few clicks. Tally Prime simplifies payroll, saving time and reducing payroll errors.

11. Other Valuable Features

Tally Prime includes a variety of other features to enhance your business operations. From cost centers, budgeting, multi-currency support, and multi-location capabilities to simple and effective integration with other systems, Tally Prime offers all the functionality your business needs to succeed.

Benefits of Tally Prime for Small and Medium Businesses

Tally Prime is a powerful, yet affordable, software solution designed specifically to meet the needs of small and medium businesses (SMBs). Its wide array of features allows businesses to streamline operations, manage finances effectively, and make informed decisions. Here’s why Tally Prime stands out for SMBs:

 

Ease of Use

Tally Prime’s intuitive, user-friendly interface ensures that your team can quickly get comfortable with the software, reducing the need for extensive training. This ease of use boosts productivity, as employees can focus on their tasks rather than spending time figuring out complex software.

Cost-Effective

Tally Prime offers a comprehensive set of features at a competitive price, providing small and medium businesses with excellent value for money. It’s an affordable solution that covers everything from accounting to inventory and compliance, allowing you to manage multiple aspects of your business without investing in multiple tools.

 

Real-Time Data Access

With Tally Prime, you get access to real-time data, whether in the office or on the go. Up-to-date financial information empowers business owners and managers to make timely decisions, ensuring greater control over financial and operational aspects of the business.

 

Seamless Integration

Tally Prime integrates effortlessly with other business software, allowing your company to streamline its operations. Whether you need to connect with inventory management systems, banking software, or online payment platforms, Tally Prime enables smooth integration, reducing the complexity of managing multiple tools.

 

Why SBE Fintech Service for Tally Prime?

As experts in Tally Prime, SBE Fintech Service offers end-to-end support to ensure you get the most out of this powerful tool. We provide:

Tally Prime Installation and Setup – Quick and seamless installation tailored to your business needs.

Customization and Add-Ons – Get a version of Tally Prime customized to your business, with added modules and features.

Training and Support – Our team provides in-depth training and round-the-clock support to keep your operations running smoothly.

TallyPrime helps take this process many steps ahead with its revolutionary approach. It provides rich, multi-faceted features that offer the complete package for monitoring, controlling and managing your business.

You can monitor funds and cash flow details conveniently. It also has different functions that help in tracking budgets, customer credit limits, bank reconciliation processes, cash balances and getting notifications incase of negative cash balance. The product also allows internal tracking of the audit process and revealing the post audit changes in the report.

  • Receivables & Payables Management
  • Credit Management
  • Maintain Multiple Companies
  • Fund Flow & Cash Flow
  • Banking
  • Auto or Manually Configured Cheque Printing
  • Unlimited Cost & Profit Centers
  • Multi Currency Accounting
  • Interest Calculation
  • Flexible Classification of Chart of Accounts
  • Unified Groups and Ledgers
  • Consolidation of Companies
  • Budgets & Controls View
  • Contact Details at Report Level
  • Cheque-Book Management
  • Auto or Manual Bank Reconciliation (Auto BRS)

Tally ERP 9 helps simplify the invoicing process and helps in easily tracking sales Orders thus improving your Sales process and purchases done in a particular period.

Updated & accurate stock status, planning manufacturing information and tracking sales particulars are seamless and thereby efficient.

With this product, one can keep a check on stock stored at different locations, manage their movement, and re-order when necessary so as to ensure that the business functions smoothly.

One can also manage particulars for effective management of sales and collections by choosing to enforce credit limits as and when necessary.

Sales Management

  • Sales/Tax Invoicing
  • Excise Invoicing
  • Sales Orders Processing
  • Stock Query from Invoice
  • Price List & Discount Management
  • Item-Wise & Invoice-Wise Profitability
  • Item Batch-Wise Details
  • Multi Level Classification of Items
  • Sales Registers

Purchase Management

  • Purchase Invoicing
  • Purchase Orders Processing
  • Reorder Levels
  • Item Batch-Wise Details
  • Additional Cost of Purchase
  • Purchase Registers

Job Costing is a form of specific order costing which applies to a job undertaken according to customer specifications. It applies to industries which produce definite products against individual orders.

Key features of Job Costing module are:

  • Ascertain profitability i.e., Net Profit/Loss for a particular Job/Project.
  • Track the transfer of materials from one godown to another.
  • Track the consumption of materials at different locations.
  • Drill down till voucher level for any kind of alteration or reference.
  • Track material-wise receipts, consumption, transfers and closing stock at multiple locations dedicated for a job.
  • Create job ‘cost centers’ and report on them.
  • Capture revenue and expenses as and when they are updated.
  • Compare and analyse various jobs.
  • Inventory movement: Opening, Inwards, Outwards, Transfer, Consumption etc.
  • Compare each element of cost, selling price and profit with other jobs.
  • Ascertain the costs under each element when the job is in progress.
  • Do a Job Work Analysis where a service or a product is the output.

The payroll management functionality in Tally ERP 9 handles a number of payroll compliance checks right from payslip generation to salary revision, loans and advances, deductions, ad-hoc payments, etc.

It also has additional features such as multiple salary structures for different employees, support for gratuity, accurate and timely payment advice to banks to streamline the operations of an enterprise.

Features

  • Pay Slip Printing and E-Mailing
  • Employee Category/Group-Wise Pay Sheet
  • Employee Profile, Group & Category
  • Employee Pay Structure Management
  • Attendance Recording & Pay Process
  • Payroll Accounting
  • Personal Income Tax with Reports
  • PF/ESI Calculation & E- Returns
  • Payroll Exception Reports
  • Employee Profile Report
  • Payment Advice

Exciting advances make Data Synchronisation ideal for tying-up widely spread business locations. These could be branch offices or distributor/vendor locations or retail chains… all needing to connect with the Head Office. Any business with footprints across multiple geographies is another ideal situation. Data Synchronisation in Tally.ERP 9 makes two sets of data identical, enabling a user to work with data that is current and the same as data at a central location.

You may be a growing business with one branch, or a medium sized business with multiple branches, or a large business with multiple branches – Data Synchronisation in Tally.ERP 9 connects you with your business where it happens and when it happens.

Transactions of sales orders, payments received and inventory across branches and consolidation of all these at head office is a common practice. Configure your business information such as sales orders & purchase orders, accounts receivable/ payable, inventory status etc to be available from all the branches to your HO. Consolidate the information at one or more branches, decide what information needs to flow from one branch to another. Availability of information when it is required will facilitate faster, better and informed business decisions.

Data Synchronization offers seamless integration of data across vendor locations and retail chains.

This allows users to work with the most current data across various geographic locations in line with the data at the central location.

Features

  • One way Synchronization
  • Selective Synchronization
  • Synchronization After Save
  • Multiple Rule Synchronization
  • Enterprise and Beyond
  • Synch with “Voucher Ordering”
  • Opening Balance Control

The complications of taxation are a great concern to businesses. More often than not, manually tax returns are packed with errors that attract penalties from the government. This causes worry, time-loss and labour to many businessmen; and Tally Solutions understands this better than anyone else. Hence, Release 5.0 offers the simplest, fastest and most powerful statutory experience yet.

TallyPrime helps you generate 100% accurate tax returns in minutes, which will ensure that no more penalties and fines eat into your profits. Moreover, it provides the experience of a hand-prepared return to ensure that taxation becomes a hassle-free task.

A few highlights of Release 5.0 are:

  • Unparalleled Accuracy: Instantly identify and correct errors that occur in your tax returns, within a few seconds.
  • Comprehensive Visibility: Enjoy complete visibility on the set of transactions that are included or excluded while preparing your tax returns.
  • Complete Assurance: Rest assured that all transactions are taken into account without any omissions or alterations; so your returns are a true reflection of your account books.
  • Highest Convenience: Prepare and share a common chart of accounts with branch locations to streamline your taxation procedure.
  • Matchless Flexibility: Create and modify tax rates and classifications as per your business, to ensure that you are fully compliant with the regulations.
  • Continued Confidence: Generate ‘intermediate returns’ at any time, to build confidence in the quality of data for finalizing your returns. Further, you can either modify them or prepare revised returns as appropriate; thus, making the annual audit process far easier and swifter.
  • Intuitive Response: Receive suggestions and warnings from the application, while assorting transactions during the preparation of tax returns. Based on past interactions and inputs, Tally.ERP9 prompts the right action to take for uncertain transactions.

Release 5.0 is compatible across Indian tax regimes such as VAT, Excise, TDS and Service tax.

The VAT forms in Release 5.0 are currently available for the regions of Maharashtra, Rajasthan, Karnataka, Tamil Nadu and New Delhi. Subsequent releases will provide the VAT forms for other states/countries.

Triangulation experience

Release 5.0 has been launched with the intention to make taxation simple, accurate and speedy. The tax filing periods would no longer be marked with long and tedious work hours.

A simple process delivers the seamless experience of triangulation to you:

Tally.ERP 9 Release 5.0 populates all the transactions, without any omissions. Then, categorises them into Included for tax return preparation, Excluded from tax return preparation and Uncertain transactions. This provides full visibility and clarity on the transactions used to prepare your returns.

Uncertain transactions are those which either have missing information or errors in transactions. The system will intuitively guide you to trace these omissions/errors, and help you rectify the same in a matter of seconds.

It then compiles the returns using the transactions under the ‘included’ category and generates the tax returns in the government prescribed format. This can then be exported in XML format and submitted to the authorities.

Tally.ERP 9 security keeps everything open by default (full access); you progressively ‘lock-down’ the system as the need arises. To simplify usage, you can define standard sets of rights and use these as templates for specific users, adding or removing rights for that user, if required.

Once you open your company for Tally.NET remote access, you can apply the same level of control to such users –a Tally.NET Identity (ID) is added in exactly the same way as the ‘normal’ user.

Other requirements are also covered:

Administrators can get access to all features of the Control Centre, the enterprise-wide control point, but can be denied access to business data!

  • If you have some extra sensitive data, you can specify a password that must be provided to even open the company. This is implemented with a secure encryption method and renders the data useless to anyone who manages to get a copy of the data files.
  • Un-encrypted data may need protection against casual theft. With Tally.ERP 9 you can specify that data is not accessible locally via an Education version.
  • You might have customised Tally.ERP 9 to deliver certain proprietary business capabilities: you might not like these to be available to others. With Tally.ERP 9, you can limit access to specific Tally.ERP 9 serial numbers, and even restrict access from Educational versions.

A host of other capabilities in Tally.ERP 9 have been developed to enhance the efficiency and reduce the time and effort taken for various business processes.

Features

  • Logo Printing
  • Any Date Based Reporting
  • Flexible Financial Periods
  • Split Financial Year
  • Multiple Stock Valuations
  • Flexible Units of Measure
  • Alternate & Compound Units of Measure
  • Multi Location Stock Control
  • Physical Stock Verification
  • Post Dated Vouchers
  • Flexible Voucher Numbering
  • User Defined Voucher Types
  • Multilingual (11 Indian Languages)
  • Index Printing for Multi Account Printing
  • Grouping & Categorisation of Stock Items
  • Percentage Based Reporting
  • Multi Account Reporting
  • Running Balance Display in Ledger Voucher Reports
  • Multi Stock Duty Alteration
  • Context Sensitive Help
  • Drill down Display
  • Data Migration from Earlier Versions of Tally

Help me Decide

Choosing the right business management software is a critical decision, and Tally Prime is designed to make that choice easier. Whether you’re looking for simple invoicing solutions, robust inventory tracking, or seamless compliance management, Tally Prime offers everything a small or medium business needs. Explore the answers to frequently asked questions below to see how Tally Prime can support your business.

 

Why is Tally Prime the best business management software?

Tally Prime is packed with features that cater specifically to small and medium businesses, including comprehensive accounting, inventory management, and compliance capabilities. It’s easy to use, scalable, and flexible enough to adapt to various business needs, making it a top choice for businesses seeking efficiency and growth.

Does Tally Prime support connected filing of GST Returns and reconciliation?

Yes, Tally Prime is fully compliant with GST regulations and supports connected filing of GST returns, along with reconciliation. This helps you stay on top of your tax obligations with minimal effort and ensures that your business remains compliant.

What are the initial and ongoing costs of running Tally Prime?

The initial cost of Tally Prime includes the software license, setup, and customization based on your needs. Ongoing costs may involve regular updates, support, and maintenance. Reach out to us at SBE Fintech Service for a customized quote based on your requirements.

What is the process for setting up Tally Prime? How much time does it take?

Setting up Tally Prime involves installation, configuration, and customization to fit your business processes. Depending on your specific requirements, setup can usually be completed within a few hours to a few days. Our team at SBE Fintech Service will guide you through every step to ensure a smooth and efficient setup.

Can someone guide me on using Tally Prime?

Absolutely! SBE Fintech Service offers in-depth training to help you and your team get comfortable with Tally Prime. Our experts will show you how to maximize the software’s features to meet your business needs.

Can you help me find an accountant to operate Tally Prime?

Yes, we can assist you in finding an accountant or Tally specialist who understands the software and can manage your business’s accounting needs effectively.

What business processes can I handle with Tally Prime?

Tally Prime supports a wide range of business processes, including accounting, invoicing, inventory management, payroll, tax compliance, banking, and cash flow management. It’s a comprehensive tool to streamline multiple aspects of your business.

Is Tally only for accountants?

No, TallyPrime is beneficial for all business owners who need to track their business performance. While the accounts department organizes and maintains data, decision-makers can utilize this information for informed decision-making.

How many users and transactions can Tally Prime support?

Tally Prime supports multiple users and a high volume of transactions. Whether you’re a small business or a growing enterprise, Tally Prime can scale to accommodate your increasing needs.

What kind of reports can I get from Tally Prime?

Tally Prime offers a wide range of reports, including financial statements, GST reports, inventory summaries, cash flow analysis, and profitability reports. Over 400 customizable reports are available, providing a complete view of your business performance.

Is my business data safe with Tally Prime?

Yes, Tally Prime comes with enhanced security management features, including user-level access control and data encryption, to keep your business information safe and secure.

Can I access business reports on my mobile?

Yes, with Tally Prime’s remote access capabilities, you can access essential business reports on your mobile device, providing you with flexibility and real-time insights no matter where you are.

Our Price

TallyPrime

Silver
405 $
  • Unlimited multi-user edition
    For multiple PCs on LAN environment

TallyPrime

Gold
1,215 $
  • Unlimited multi-user edition
    For multiple PCs on LAN environment

Don’t just take our word for it! Give it a try

Discover firsthand how TallyPrime can enhance your business operations. Start a 7-day free trial to explore every feature and experience its full capabilities. Try it out and see the difference for yourself!

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