Tally Prime 3.0 is the latest version of TallyPrime, one of the best software for managing the business needs of small and medium-sized businesses. It takes care of accounting, inventory, banking, taxation, and payroll functions to facilitate the smooth running of a growing business.
The new and improved Tally Prime 3.0 is power packed with some amazing new features to provide a seamless user experience for all Tally customers. The new version offers a highly user-friendly interface, improved security features, remote access, and advanced reporting capabilities.
Let us explore the latest features & updates in TallyPrime 3.0 and understand the benefits of this incredible tool.
A] Boost Your Business Performance With These Latest Features And Updates In Tally Prime 3.0
- Different Tax Rates And HSN Codes Of Stock Items
In the earlier version, it was not possible for businesses to have a stock item with multiple tax rates and HSN codes. But the TallyPrime new version provides flexibility to the users to set up different tax rates and HSN codes for their stocks. It also has a provision to set the sources of GST details and HSN details in transactions.
- Multiple GSTN Filing In A Single Company Data
This has been one of the long-awaited features of Tally. Users were desperate to have this feature as it can significantly ease the GST compliance management process. A company can have multiple GST numbers if it has separate and distinct businesses. So Tally needed to incorporate a feature to add multiple GST numbers of the same company.
Now you can easily maintain branch-wise GST returns. This is one of the best TallyPrime new features that expedite the filing of GST returns and helps you save a lot of time.
- Easy And Flexible Configuration
TallyPrime 3.0 offers a simple & flexible yet robust configuration that simplifies your business operations. The software now has an interface that is highly intuitive and user-friendly. The enhanced visual features enable easy navigation for beginners. Further, TallyPrime also allows users to customise the solution to their specific requirements. The users will find that the updated version is super fast & efficient and provides a far better user experience than before.
- Simple GSTR-2A Reconciliation
The GSTR-2A reconciliation process helps to match the invoices listed in the GSTR-2A document with the invoices recorded in your books. This process helps to match both invoices and detect variations between the two.
The GSTR-2A reconciliation exercise is greatly simplified in the TallyPrime updated version. It helps you to easily identify probable matches to the unreconciled transactions in your books. The transactions can also be marked as reconciled or mismatched, as the case may be. Apart from Excel & CSV, you can also import the GSTR-2A in JSON format.
- Bug Fixes And New Features In Reports
In the older Tally versions, the voucher number used to get shuffled if you tried to insert or delete a voucher. This bug has been fixed in the new version. Now the deleted voucher number can be reused for a new voucher.
The list of new features in TallyPrime also includes over 120 new report filters. These filters can be added at multiple levels. This can greatly simplify the tasks of finding the required information and analysing data.
To learn more about tally prime reports, read our blog on 8 Crucial Tally Questions That Tally Prime Reports Answer
- Easy Error Correction
The TallyPrime 3.0 version enables you to spot and fix the errors that occur while importing the data. Once you import the data, Tally shall display a report of exceptions consisting of errors occurring during data import. You can check the report and correct the errors, if any. TallyPrime also marks (e) against the company that has errors in its data. This feature enhances your reporting capabilities and makes your reports more accurate.
- Simple and Flexible GST Rate Set-Up
The TallyPrime latest release makes it extremely easy to set up GST rates. It offers an interface that is highly intuitive and user-friendly. You can now set up multiple tax rates (including composite rates) for different goods & services. All it takes is a few clicks to configure the GST rates, track your tax liability, and generate accurate returns.
- Easy Access To GST Returns
TallyPrime 3.0 makes it a breeze to generate GST returns. The returns can be opened in a jiffy for quick reference. The enhancement of GST reports such as GSTR-1 and GSTR-3B has greatly simplified the process of filing returns. The new version makes it easy to check and monitor your tax liabilities and generate accurate returns. You can now access and file the returns anytime.
- Better Data Management
The TallyPrime new version offers superior data management facilities to users. This ensures the seamless migration of data. The users will find it extremely easy to import, synchronise, and repair data when they use the updated version. It is also possible to check the progress of your activity and quickly resolve any issue. Renew your TSS immediately and save a great deal of time and money for your business.
B] How to Upgrade to TallyPrime 3.0?
Now you can easily upgrade to TallyPrime 3.0 and start using the features in a few minutes by following these steps:
Visit the website of Tally Solutions.
Download Tally Prime and install the latest version of TallyPrime from the website.
Use your TallyPrime credentials to log into the TallyPrime 3.0.
You also have the option to download TallyPrime 3.0 Beta to get early access.
TallyPrime 3.0 offers several new and advanced features to streamline your critical business functions. It provides a user-friendly interface with rich visuals and smooth navigation. Your data is fully secure due to the advanced security features. The remote access feature in the latest version helps you access the data from anywhere and at any time. Tally Prime 3.0 is fully compliant with GST.