TallyPrime and TallyPrime Edit Log – Features & Capabilities

Tally Prime

Welcome to the world of TallyPrime and TallyPrime Edit Log, where recording transactions is incredibly straightforward and user-friendly. Whether you’re a business owner or an accountant, TallyPrime simplifies the task of maintaining accurate financial records and ensures safety of your data all the time.

To record a transaction, simply select the appropriate voucher type such as a payment, receipt, or sales and fill in the necessary details like the date, amount, and ledger accounts. Rest assured, your financial reports are generated at real time based on your transaction details.

Both TallyPrime and TallyPrime Edit Log function similarly, enabling you to follow your business practices as per your convenience. Let’s help you get familiar!

Have questions? Select from the FAQ page links.

Use Only What Your Business Needs

Whether you need to do only bookkeeping, or additionally manage inventory, payroll, TallyPrime allows you to choose the features relevant to your business. In addition, it supports taxation and compliance features to ensure that your transactions are always complaint with the Department norms.

Accounting, Inventory & Payroll

Bookkeeping & Accounting

Maintain transactions Bill-wise.
Use Cost Centres for tracking expenses.
Calculate Interests on dues & more.

Accounting with Inventory

Record transactions with goods & services.
Maintain goods in Godowns & Batches.
Track Consignments and Job works.
Manage selling & buying costs with Price Lists.

Payroll Management

Maintain Employee-specific records.
Generate Pay slips, Attendance reports, & more.

Compliance, Taxation, & Audit

Industry Compliance

India: Edit Log, MSME
KSA: e-Invoicing
Kenya: eTIMS

Tax Compliance

India (Indirect Taxation): GST, VAT, Excise, TDS/TCS
India (Direct Taxation): ESI, PF & Income Tax calculations
GCC & Kenya: VAT

Audit Compliance

Analyse & verify data for auditing purpose.
Avoid tampering of invoice data by unlawful access.

Your Business Your Way with TallyPrime

Your convenience matters and TallyPrime features are completely flexible and supports the way you want to record your invoices and view reports.

Ease of use

Experience unparalleled ease of use with TallyPrime’s intuitive interface, where you can effortlessly manage vouchers, billing, stock items, and outstanding bills, all tailored to your business needs.

Intuitive UI & Interactions

Quick start with TallyPrime in just a couple of minutes.
Use Keyboard shortcuts & button bars for quick actions.
Create masters/vouchers on the fly.
Drill down from reports to trace data continuity.

Easy Access to Perform Tasks

Configure Application-level tasks from top menus.
Open vouchers or reports anytime, without interruptions.
Manage Licensing activities from a single screen.
Get timely notification on TSS renewals and TallyPrime upgrades.

Ledgers and Stock Items

Chart of accounts

Use from 28 pre-existing masters, or create your new Masters.
Create Multiple masters in one go.

Stock items & stock movement

Maintain stock items in Groups & Categories for ease of reporting & tracking.
View Stock Summary report with related data.
Know Stock position & track stock movement from godowns.

Billing & Settlements

Vouchers & billing

Use default Voucher types or create your own to record transactions.
Record invoices in single-entry or double-entry mode.
Configure masters & vouchers to suite your data-entry needs.

Bills outstanding & timely settlements

View all your Receivables & Payables in reports
Send instant Reminders to parties for clearing pending payments.
Predict financial position of your business based on Outstandings.
Create instant reports & Settle bills as per payment dues.

Stay connected anytime, anywhere

When you meet your clients or travel outside your business location, you might have to access your business data. With TallyPrime, stay connected to your company data anytime, anywhere. Besides, with your business expanding, you might need to stay connected with different external portals in real time.

Wherever you go, TallyPrime follows

Easily access TallyPrime as you Work from home.
Access Reports on your mobile browsers.
Connect to company in TallyPrime via Remote Access.

Access to external portals

Access Control Centre for license & user management.
Open GSTN portal for any compliance-related activities.
Manage your banking needs with Connected Banking & Digital Payment.
Download bank statements & Reconcile transactions.

Access and share data your way

TallyPrime gets your business that extra mile to meet the basic to complex needs in your business – whether you are offline or connected.

Access & View Data with Ease

Manage company data

Backup one or more company data anytime you need.
Seamlessly Migrate data from earlier releases to the latest release.
Troubleshoot data errors to avoid data loss | Repair company data.

View reports

Open reports for any period/date.
Save view of a report and access real-time data anytime.
Filter reports to search for specific vouchers or transaction values.
View Data trends for sales, purchases, profit & loss, & more.

Share Data the Way You Want

Share invoices/reports

Print one or more invoice copies in different formats.
Instantly E-mail or WhatsApp invoices/reports to parties, anytime you want.
Share Digitally signed invoices/reports, with Company Logo.

Send & receive data

Export data into any location in XML format.
Import data from Excel/XML.
Extract data into Excel/CSV format to share with your CA.
Synchronise data from different computers in your business network to a single location.

Extend TallyPrime with Tally Plug-ins and Add-ons

With diverse business practices, you might need capabilities beyond the default ones. Deploy Tally Plug-Ins and add-ons to suit your custom business needs.

Manage Tally plug-ins and Add-ons

Extend TallyPrime features, with Tally Plug-ins – Tally Capital – and manage them all from a common report.
Customise TallyPrime with TDLs and Add-ons from TallyShop.

Ensure Compliance with Custom TDLs

Stay complaint with the respective government norms and practices.

Kenya VAT & eTIMS.
GCC VAT

Compliance & Taxation

Ensuring your business data is compliant with taxation and department needs could be crucial, especially from a return filing perspective.

Taxation

For businesses in India

Set up GST, VAT, & other applicable taxation as needed.
Access features specific to GST Regular, Composite or SEZ business entities.
Make your invoices Tax complaint with mandatory details for seamless filing.
Generate e-Invoices and EWB and upload to the portals.

Other Compliances