Comparison between various version of tally

Brief Comparison between
various version of tally
Tally 4.5
Tally was started with is first version of Tally 4.5, which was a DOS
based program. This program was very light weight and very fast in
operation.
Tally 5.4
The 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 6.3
Next 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 7.2
Next 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 8.1
Tally 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 9
This 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.

TALLY 6.3 OVER OLDER VERSION
TALLY 5.1
• The Extended Enterprise System
• RELEASE 1 NEW FEATURES
• Release 1.1 new features
• Release 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 RELEASE1
• New Features
• Reorder Levels
• Aged Stock Analysis
• Scenario Management
• TallyODBC
• E-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 Levels
• Obtain Reorder Status and Quantities to order
• Alter 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.

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 Vouchers
• Memorandum Vouchers
• Reversing Journals

RELEASE 1Tally ODBC
• Tally uses ODBC to connect to other programs and exchange data dynamically.
• Outward Connectivity
• Inward Connectivity
• Outward Connectivity
• Pick 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 Connectivity
• On 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-capabilities
 E-mail
 Internet Publishing
 Web-browser
 Optional Vouchers by default
 Item Invoice & Account Invoice
 Common Ledger A/c for Item Allocation
 Credit Period details in Ledger Master
 Use Defaults for Bill Allocation
 Accept Supplementary Details
 Single 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 Configuration
• A 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 Enabled
Indian 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.
• Synchronization
Difficulty in synchronizing the data with Canceled vouchers – Resolved
• Profit and Loss A/c
Displays incorrect values (negative) for Sales bills to make - Resolved

Release 2.1
• Tally Link Server
• Tally 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 transactions
• Ability to Import any XML files of any size
• Option 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.

NEW FEATURES TALLY 7.2 OVER
OLDER VERSION TALLY 6.3
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 1
• Integrated Enterprise Solution
 Tally 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 Features
 complete Value Added Tax (VAT)
 Tax Deducted at Source (TDS)
 Licensing
• .

Release 1 Salient features of Tally VAT
• Salient features of Tally VAT
• VAT 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 classifications
– Complete tracking of each transaction till annual returns
– Printing of Tax invoice
– VAT computation report
– Better VAT-returns management
– Monthly 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 7.2
• The TDS functionality in Tally ies 7.2 supports the following
features:
– Simple and User-friendly
– Quick and Easy to set up and use
– Partial/Full payment of Tax deducted
– Auto and Manual calculation of TDS amount
– Generates TDS Challan and Exception reports
– Complete tracking of each transaction from deduction to payment
– Challan management and printing ensures prompt and accurate
filing of Tax
– The Auto allocation feature prevents error-prone data entry and
helps to track the transactions faster

Release 1--Single User Licensing ,Multi User Licensing
• TallySilver for Single-User
 The 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-User
 The 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 Major Changes and Enhancements

• Tally 8.1 - A Multilingual Business Accounting &
Inventory Management Software provides
support for Fringe Benefit Tax computation
and VAT Composition returns generation in
addition to its language capabilities.
• New Features
• •Multilingual Support
• •Fringe Benefit Tax
• •VAT Composition Returns
• •Excise for Dealers

• Multilingual Support
Tally 8.1 is 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 time
• Fringe 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 Composition Returns provides 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 Dealers provides complete tracking of duty credit availed and passed on.
It supports printing of excise invoice and generates the required statutory reports.

• LIFO and FIFO valuation method
• Std Cost and Std Price Valuation method
– If you have not set Set Standard Rates? in Stock Item masters
but have set Costing Method to Std Cost and Market Valuation
Method to Std. 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
valuation
• On Account values were being taken as
'overdue' in Ratio Analysis in 7.2
– In 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)

• Average Cost
– When Multiple Sales and Purchases are made against Receipt and Delivery
Notes at a rate different from that specified in the Receipt and Delivery notes
– For 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.

• E-Mail Authentication
• Multi-accounting Allocation When you rewrite a company, the
vouchers with multiple accounting allocations will be retained if Use
Common Ledger A/c for Item Allocation is set to No.
• Synchronization of Altered Transactions Synchronization is
possible even when data migrated from Tally 7.2 consists
of cancelled vouchers.
• Cost Centre Class in Stock Journal In Tally 8.1 you cannot
select Cost centre class while creating Stock Journals as it is not
applicable.
• Migration The process of Migrating Data to Tally 8.1 is now
effectively enhanced.
• Migrating Currencies Multiple currencies can now be easily
migrated to Tally 8.1.
• Forex Gain Loss Calculations Tally 8.1 displays
accurate Debit and Credit amounts in the Ledger Forex Gain/Loss report
unlike Tally 7.2 in which Debit amounts were displayed asCredit and vice
versa.

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

Release 1.0
• Tally 9 – The World’s Most Powerful Concurrent Multi-lingual Integrated Business
Accounting Software is 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
•POS Invoicing
•Multilingual Support
•Statutory and Taxation
• Payroll
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 print pay slips, maintain salary/wages and attendance/ leave/
overtime registers, and generate Gratuity and Expat reports. 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
a Payslip four easy steps.

Release 1.0
• POS Invoicing
POS Invoicing in 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 1.0
• Statutory Compliance and Taxation
• Tally 9 now provides you with compliance of VAT
for different states in India. It also provides you
• Service Tax for Malaysia
• Sales
• Tax for Malaysia
• and
• VAT for Indonesia.

Release 1.1,Major Enhancements
• New Attributes in Tally.ini
• Tally introduces three new attributes to the Tally.ini file.
•OptimizeNetwork
•LoadBuffering
•FlushFile
• FIFO Perpetual --Tally introduces a new method of
inventory valuation FIFO 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 option Print as Commercial Invoice at the
Print Configuration screen. Set it to Yes/No to 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. The data migration tool has also
been enhanced resulting in more accurate and
speedier migration of data.

• Excise Opening Stock
• Calculation of Secondary Education Cess
• Calculation of CVD (On Import)
• Start of new Financial Year
• VAT Payment Vouchers – For India Only
• VAT Declaration in Excise Sales Invoice
• Education Cess on CVD in Excise Sales
Invoice
• Duty Heads for Customs and Excise
• Actual Billed Quantity
• Designation of Signing Authority
• Interest Parameters
• Interest Calculation
• Formal Receipt
• Cheque Printing
• Foreign Exchange
• Multi Column Cash/Bank
• Tracking Consignee

• Godowns The address entered in the Godown creation screen appears legible.
• Bank Reconciliation The Bank Reconciliation statement displays appropriate
entries as configured in F12: Configure.
• Stock Journal The value in the rate field of a Stock Journal (Transfer of
Materials) appears appropriately.
Rejection In/ Out Vouchers--The Rejection Inward/ Outward vouchers display
the customer details as entered in the Mailing Details section of the Customer
ledger creation.
• Inventory Report--The Godown – wise Inventory reports now displays
accurate balance values whereas multiple Godowns are maintained.
• Price Level--Creating a Price Level, using Alt+C from the Price List screen will
display the same in the Price Level field spontaneously.
• Security Control--Tally provides access to the features/ options as specified in
the Security Levels screen.
• Cost Centre--Set the option Show Cost Centre Details also to Yes in the Multi
Account Printing for Group of Accounts to print the Cost Centre details.

Release 1.31
• TDS---Earlier making an advance payment to a party through the single entry mode would not
calculate the TDS amount. However, now the TDS amount appears appropriately.
• Mismatch in Credit and Debit Balances---Receipt vouchers created in the double entry mode
using foreign currency used to display a mismatch in Credit and Debit balances in the alteration
mode. The mismatch in balances has been resolved.
• Negative Stock Warning in Journal Voucher---
• Migrating € to Tally 9---Data migrated from Tally 7.2 used to display the Euro currency
symbol €, as a box in Tally 9. However, modifications done will successfully migrate € to Tally 9
now.
• Booking FBT Expenses---Corrections have been made in the Ledgers of FBT Category report to
display details of FBT expenses booked by means of a Memorandum voucher report.
• Price lists and Stock Items with Negative or Zero Balance
• UDF Value left Blank
• Excise stock duty details after data rewrite
• Migrating String UDF value specified under Voucher Object---Earlier, migrating data from Tally
7.2 to Tally 9 would not display the String UDF value specified under Voucher Object in Tally 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 of String and Date UDFs specified under Company Object appear in Tally 9 on
migration from Tally 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
collaboration
 Easy to find qualified personnel
 Easy to customize
 Low cost of ownership via quick
implementation, Tally Integrator, Support
Centre…

Comparison between various version of tally

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