9 Top Features of Tally Prime

Dubai Explorer October 2, 2023

Tally Prime advanced features bring value by providing improved specifications at no extra cost, simpler and easier-to-use functions, increased speed and power to the process, dependable and efficient performance, and numerous add-on features for company operation. Finally, utilizing new Tally software Dubai on Cloud functionalities over Tally ERP opens the door for a more versatile and future-ready solution.

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What is Tally Prime?

A new version of Tally called Tally Prime was released by Tally Solutions. Hosting it would greatly simplify day-to-day operations and accounting. Business owners chartered accountants, and other Tally users may now function more efficiently and effectively with its expanded features.

It is a comprehensive business management system for small and medium-sized enterprises. Additionally, assists you in managing accounting, inventory, banking, taxation, banking, payroll, and many other tasks so that you may focus on business growth rather than problems.

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Top features of Tally Prime

Accounting, inventory, payroll, regulatory compliance, banking integration, portfolio management, and other tasks are all managed using Tally Prime. It also helps you make faster choices by giving key financial and accounting information, cash flow reports, cost center data, and inventory statistics, among other things. Here are some of its most recent enhancements.

1. Accounting and Invoicing

Producing and keeping track of invoices is startlingly simple using Tally Prime. It adapts to your needs through streamlined invoice components, a profusion of parameters, a variety of charging modes, and so on. Because of its comprehensive feature set, it is a straightforward accounting system.

2. Inventory Management

One of the most flexible systems for the best inventory management is Tally Prime, thanks to its features. Inventory management is simplified by features such as godown management, multiple stock valuation, production, batch, and expiry date, job costing, and so on, as well as robust inventory reporting.

3. Business Reports

Tally Prime comes with over 400 business reports and templates that give vital information to help you make informed decisions. Because of it’s tremendous flexibility, you can slice and dice your reports and see them in the way that works best for your business.

4. Taxation

Tally Prime makes it easy to manage VAT responsibilities in the UAE, Saudi Arabia, Bahrain, and Oman. It also covers everything required to be VAT compliant, from creating VAT-compliant invoices to submitting returns, allowing you to focus on business development. The built-in error detection and correction features ensure that you always file an accurate VAT return.

5. Cash Flow and Credit Management

Tally Software UAE assists you in optimizing cash flows by improving efficiency in accounts receivable, accounts payable, inventory, and other areas of your firm. Tally Prime’s detailed reports help you stay on top of your cash flow. TallyPrime’s comprehensive reports help you stay on top of your cash flow and boost account efficiency.

6. Capabilities

On a daily basis, Tally Prime enables you to multitask and handle distractions. If you’re in the middle of a sales invoice and want to add another sale, do so. Or are you in the middle of inputting a payment but need to refer to an overdue report first? It majorly allows you to manage numerous such situations and multi-task without the hassle of switching between many instances of Tally or the danger of losing your work. Tally’s primary features and benefits allow you to multitask and manage distractions on a daily basis.

7. Go To Feature

Tally Prime makes it easier than ever to discover insights. Its new and sophisticated “Go To” search box makes this feasible. You may use Go To to search for and discover things you didn’t know Tally could do for you, as well as get new insights to help you run your business more efficiently. This is made possible by TallyPrime’s new and powerful “Go To” search bar. You may use Go To to search for and uncover fresh insights to help you operate your business more effectively.

8. Banking

Tally Prime has a wealth of banking features/utilities to help you easily manage all of your financial needs. Banking becomes simple when you utilize its banking services. Banking capabilities such as auto bank reconciliation, pre-defined cheque forms, check administration, e-payments, and so on are conveniently available with TallyPrime.

9. Secure Data

Tally Prime enables you to access corporate reports online from the comfort of your web browser, wherever you are, with the assurance that your data will always be yours. Moreover, recognizes the importance of your company data and guarantees that you will always have custody of it. Access to your data is controlled depending on your preferences thanks to different user access controls and feature-based security levels. Tally multi-user access control and feature security levels restrict access to your data based on your choices.

Advantages of Tally Prime

Tally Prime is Tally Solutions’ most recent product. It is the most practical accounting software available in the UAE right now. The following are some of its benefits:

Accounting audits and data entry activities are sped up because of speedier navigation and shortcuts.
You may simply alter the data entering fields to save time.
The mouse usability switch simplifies navigating.
The invoice printing feature has been enhanced.
Multitasking is possible with a single window.

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Conclusion

With the main update, Tally Prime’s usability has improved. It allows you to mark select fields as “Permanent,” eliminating the need to continuously click through unneeded data. Marking details as permanent saves you time. Furthermore, all of the new features contained in the program are geared at making it easier to use for accountants, company owners, and any other Tally ERP user.

In Dubai, UAE, the most recent version is TallyPrime. Tally Cloud Software in Dubai, UAE is available from us.