TallyPrime 5.0: Key Features and Benefits for Accountants

Table of Contents

• Connected GST
• Automated TDS Calculations
• Multilingual Support
• Pending Bill Sorting
• Stripe View for Reports
• Instant Notifications
• Bulk Data Processing
• Enhanced GST Features
• MSME Outstanding Bill Tracking
• Optimized Invoice Printing

1. Connected GST

Manage GST compliance with ease by uploading GSTR-1, 3B, and CMP-08 directly, along with real-time party ledger updates.

Benefits for Accountants: Streamlines GST compliance, reducing errors and saving time.

2. Automated TDS Calculations

Automates TDS deductions on purchases over ₹50 lakh, complying with Section 194Q.

Benefits for Accountants: Ensures timely and accurate TDS filings with minimal manual work.

3. Multilingual Support

Supports Arabic and Bangla, allowing users to switch between languages in a multi-user environment.

Benefits for Accountants: Increases accessibility for teams by enabling work in the preferred language.

4. Pending Bill Sorting

Sorts pending bills based on due date, bill date, and balances, ensuring efficient payment management.

Benefits for Accountants: Helps prioritize payments, reducing late fees and penalties.

5. Stripe View for Reports

Improves readability of reports by highlighting alternate rows, useful for large datasets.

Benefits for Accountants: Enhances clarity when analyzing detailed reports, reducing errors.

6. Instant Notifications

Receive timely notifications for critical tasks like GST filings, TSS renewals, and license management.

Benefits for Accountants: Keeps users updated with essential tasks and deadlines, ensuring smooth operations.

7. Bulk Data Processing

Speeds up handling of large datasets, such as imports and reconciliations, making them faster and more reliable.

Benefits for Accountants: Saves time on routine data processing tasks, improving overall productivity.

8. Enhanced GST Features

Resolves uncertain transactions in bulk and improves non-GST transaction management.

Benefits for Accountants: Simplifies tax reconciliation, reducing the risk of errors and manual corrections.

9. MSME Outstanding Bill Tracking

Tracks MSME bills based on activity type (Manufacturing, Services, Traders) for better financial management.

Benefits for Accountants: Ensures timely payment and compliance with MSME regulations.

10. Optimized Invoice Printing

Reduces header repetition, optimizing space for detailed invoice printing.

Benefits for Accountants: Cuts costs on paper and printing while maintaining professional invoice quality.