TallyPrime 6.0 is here, and it’s set to transform how businesses manage their banking and financial operations. With powerful new features like Connected Banking, Enhanced Bank Reconciliation, and E-Payments, TallyPrime 6.0 makes financial processes faster, more accurate, and incredibly efficient. Here’s a deep dive into the key features and benefits of TallyPrime 6.0.
Key Features of TallyPrime 6.0
Connected Banking for Real-Time Financial Insights
- Live Bank Balance Visibility: TallyPrime 6.0 enables users to directly connect their bank accounts to the software. This feature provides real-time access to bank balances, eliminating the need for third-party banking software and ensuring data consistency.
- Bank Statement Import: Import bank statements directly from partner banks like Axis Bank, Kotak Bank, and State Bank of India. This integration saves time by reducing manual data entry and ensuring up-to-date financial information.
Enhanced Bank Reconciliation
- Automatic Reconciliation: The new automatic reconciliation feature helps match transactions between bank statements and your Tally records with just one click. This process is faster, reducing the time spent on manual reconciliation.
- Multi-Entry and Multi-Voucher Creation: TallyPrime 6.0 enables users to handle multiple transactions and create vouchers for several entries at once, speeding up the workflow significantly.
- Potential Match Configuration: The software suggests potential matches based on transaction amounts, instrument numbers, and dates. Users can configure the system to fine-tune reconciliation rules, ensuring accuracy.
E-Payments and Bulk Payment Instructions
- Bulk Payment Export: Generate and export bulk payment instructions for up to 16 supported banks directly from TallyPrime 6.0. This feature helps streamline salary payments, vendor payments, and other business transactions.
- Payment Status Tracking: Track the status of payments and approvals easily within the software. This feature improves cash flow management and ensures timely processing of payments.
Transaction Handling Enhancements
- Consolidated Voucher Creation: TallyPrime allows users to consolidate multiple transactions into a single voucher, especially for recurring expenses like bank charges and GST payments, reducing the need for repetitive data entry.
- Duplicate Bank Statement Handling: TallyPrime automatically identifies and handles duplicate transactions when importing bank statements, ensuring clean and error-free data.
Performance and Data Management Improvements
- Faster Data Processing: TallyPrime 6.0 delivers faster performance for tasks like data splitting, with progress bars showing the status of operations. This feature ensures smoother operations, even for large datasets.
- GST Workflow Enhancements: TallyPrime has improved the GST filing process by better categorizing ITC and ecommerce transactions, making GST compliance easier and more accurate
Improved User Experience
- Profile Management: Updating user profiles and organizational details is simpler with the new F1 menu options, allowing for quicker changes and smoother operations.
- Cash Flow Management: With real-time bank balances and comprehensive cash flow tracking, businesses can make more informed financial decisions and effectively manage their payables and receivables.
Support for Multiple Banks and Future Enhancements
- Multiple Bank Support: TallyPrime 6.0 integrates with multiple banks like Axis, Kotak, and SBI. Future updates will add support for even more banks, enhancing the connectivity for businesses.
- Excel Import for Non-Supported Banks: For banks not yet integrated, users can import bank statements using Excel files, ensuring they can still leverage the new reconciliation features.
Conclusion: TallyPrime 6.0 – The Future of Business Banking
TallyPrime 6.0 offers significant advantages for business owners, accountants, and chartered accountants, making financial management more efficient with real-time insights, automated reconciliations, and simplified payments. The Connected Banking and E-Payments features streamline operations and save valuable time.
Software@Work, a Tally Certified 5-Star Partner for 32 years, has empowered thousands of businesses to boost their efficiency with Tally.
Don’t miss out on these powerful features. Upgrade to TallyPrime 6.0 today by calling 7303030000 or emailing [email protected]
