Unleashing the Power of TallyPrime 3.0: New Features and Enhancements for Efficient Accounting

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.

Features and updates of TallyPrime

1. 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.

2. 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.

3. 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.

4. 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. 

5. 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 analyzing data.

6. 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. 

7. 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. 

8. 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.

9. 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, synchronize, 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. 

Conclusion

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.

Job Opportunities in Tally

The Career in Tally is a good choice for those who are interested in accounting. Knowing Tally can help individuals in changing working areas/ departments, land lucrative opportunities, change career paths, or manage their own businesses. You can work in various sectors such as Business Development, Corporate Finance, Corporate Information Systems, Engineering, Human Resources, Marketing, Product Management, and more.

Tally is one of the famous accounting software and offers good career options post-completion of the Tally Course. It is used in various small as well as medium-scale industries providing detailed and systematic manners for accounting activities. One can apply for various jobs in various industries such as Banking, Accounting, Taxation, and more. Here are some details of jobs in Tally given below.

• The salary offered for various jobs in Tally varies; however on average one can earn between INR 1, 00,000 – INR 4, 20,000. According to glass door, the national average salary of Tally Accounting is INR 1, 83,480 in a year.
• You can apply for various job roles including Tally Operator, Tally Accountant, Accounts Officer, Tally Accounts Manager, Service Coordinate with Tally, Financial Banker, etc.
• Accenture, IBM India, Genpact, Reliance Industries, Deloitte, etc. are some of the top companies which offer Tally Jobs.
• The average salary of an entry-level Tally employee with less than 3 years of experience is INR 1, 60,000 in a year; however with an increase in experience, the salaries also increase and can reach above INR 4, 00,000. A mid-career in Tally can earn between INR 3, 50,000 – INR 4, 00,000 on average.
• Among the current trends in Tally, companies look for Tally professionals with skills such as integrated accounting, Seamless GST Compliance, Smart Inventory Management, and Enhanced Data Privacy and Security.