Technology

As an ERP business management software, Tally has always been an on-premise product. But, with the advent of virtualisation and the current pandemic, the need for remote Tally access has gained momentum. To keep up with the changing times, and to stand true to its promise of providing access to TallyPrime anytime, anywhere, Tally has made the first-ever change to its licensing policy, thereby authorising and supporting the virtual usage of TallyPrime. 1. What is Tally Virtual User (TVU) Pack of TallyPrime License? To use TallyPrime virtually, you need a Tally Virtual User (TVU) pack. Through the TVU pack, you can access TallyPrime with Desktop Virtualisation tools such as Windows RDP, Citrix, Windows Thin Client or any other similar technologies. [...]

TallyPrime has made data synchronisation between multiple branch offices and the head office easy. The process of tally data synchronisation includes replicating or consolidating tally data between two or more locations i.e. from the head office to the branches, warehouses or factories. This makes it easy for the branch offices to send data to the head office and vice versa. The entire process of sharing data is done over the Internet or a private network irrespective of the usage of data, based on the type of work done at each location. The frequency of updating data at various locations also differs and largely depends on the volume of data generated at each location or the availability/urgency of having the latest [...]

The past few years have brought about tremendous changes in the Indian tax system. With the introduction of the GST Act, few statutory elements were added to it - starting with the E-way bill and the latest addition being the E-invoicing. Currently, E-invoicing is mandatory for all B2B businesses with a turnover that exceeds Rs. 100 crores in the previous financial year. However, according to the latest news, starting from 1st April 2021, all B2B businesses may have to implement e-invoicing in their billing and ERP software. E-invoicing is a standard invoice format that eventually has to be followed by all businesses. To make the task of generating e-invoices easy, you can integrate IRP (Invoice Registration Portal) with your existing [...]

TallyPrime is the latest and the most significant release by Tally that has already made news for the abundant features it offers which #MakeEveryDaySimple. This advanced software is as simple to use and flexible as Tally.ERP 9. Its ease of navigation and user-friendliness makes it well-suited for individuals from the non-IT and non-accounts background. Also, with the focus on enhanced business efficiency, TallyPrime allows you to seamless access your business data anytime, anywhere securely using the web browser. If you are looking for a TallyPrime guide on how to upgrade Tally.ERP 9 to TallyPrime, then here is a step-by-step guide that you can follow. #Valid TSS While Tally.ERP 9 is a perpetual license, Tally Software Services (TSS) is a yearly [...]

The practising Chartered Accountants must manage various tasks for their clients, whether it is maintaining books of accounts, ensuring compliance, or preparing financial reports. They must also keep themselves abreast with the frequent changes in GST (Goods and Service Tax) Act, Income Tax laws, and other statutory obligations. Moreover, they must deal with numerous operational problems, such as task prioritization, resource allocation, finalization processes, and use of multiple tools to conduct and manage audits. Due to all these challenges faced by the practising Chartered Accountants, Tally Solutions introduced an audit & compliance tool known as Tally.ERP 9 Auditors Edition (AE). The objective is to bring technology in the hands of CAs to improve their practice considerably and empower their audit [...]