C O N T E N T S

What’s New Updates in TallyPrime 7

 

1.  Use Connected Banking in TallyPrime

1.1. Link Mobile Number to Tally.NET ID

1.2. Connect Bank Accounts with TallyPrime

1.2.1. Reconnect Bank Accounts

1.2.2.  Disconnect Bank Accounts

1.3. Enable Online Payments for Bank Connection

1.4.  Set Transaction Limits for Online Payments through a Bank Account

2.  Set Up TallyPrime for e-Payments

2.1.  Specify Transfer Mode for e-Fund Transfer Based on Amount

2.2.  Configure Export of Payment Instructions

2.3. Bank-specific Configurations for e-Payments

3.  Send Payments Online Using Connected Banking in TallyPrime

4.  Send Payment Advice to Suppliers Using Connected Banking

5.  Update/Check the e-Payments Status by Importing the Payment Reverse File

5.1. Set Status of e-Payments

5.2. Reset e-Payment Status

5.3. Update Payment Status for Online Payments

6.  Get Bank Balance Using Connected Bank

7.  Get Bank Statement Using Connected Bank

7.1. Delete Statement Request

7.2. Reset Bank Statement Data

8.  Reconnect/Disconnect Bank

8.1. Reconnect Bank Accounts

8.2. Disconnect Bank Accounts

9.  Log In/Log Out from Connected Banking

9.1. Log in to Connected Banking

9.1.1. Log in when the session is expired or inactive

9.2. Log Out from Connected Banking

9.3. Reset Connected Banking Login

9.4. Change Password for Connected Banking

10.  Set up for Bank Reconciliation

10.1.      Set Bank Reconciliation Beginning Date

10.2.      Set/Alter Opening BRS

11.  Import Bank Statements

1.1. Imported Bank Data Report

12.  View Reports for Banking Utilities

12.1. Banking Activities Report

12.2. e-Payments Report

12.3. Bank Reconciliation Summary Report

12.4. Bank Reconciliation Report

13.  Auto Reconciliation of Bank Transactions

13.1.   Reconcile transactions with exact match

13.2. Select Transactions and Reconcile

13.3. Reconcile Transactions with Potential Match

13.4. Reconcile Transactions by Finding a Match

13.5. Reconcile Transactions with Partial Match

13.6. Unlink Transactions

14.  Manual Reconciliation of Bank Transactions

14.1. Set Status for Transactions

15.  Create Automated Vouchers

16.  Backup Company Data to TallyDrive or Local Drive or Auto Backup

16.1. Schedule Backup of Company Data to TallyDrive | Auto Backup

16.2. Take Backup of Company Data to TallyDrive

16.3. Schedule Backup of Company Data to Local Drive | Auto Backup

16.4. Backup Now

16.5. Backup Log

16.6. Delete Backup Schedule

16.7. Alter Backup Schedule

17.  Restore Backup Data in TallyPrime

18.  Smart Find in TallyPrime – Search Like You Think

The Frustration We All Know

Smart Find: The Game Changer

18.1. Find Details Instantly

18.2  Include Similar Spellings

18.3. Include Contains Match

18.4. Include All or Any Keywords

18.5. Find in Specific Fields

18.6. Configure Results Display

18.7. Find Using AND, OR, NOT

18.8. Find Names with Equal To and Not Equal To

18.9. Find Numbers or Dates with Greater Than

19.  Cancel e-Way Bill & e-Invoice and Cancel or Delete Voucher in TallyPrime

New Powers for E-Way Bills & E-Invoices

19.1. Cancel e-Way Bill, e-Invoice, & Voucher

Scenario 1: The 24-hours’ time limit has not exceeded for e-Way Bill and e-Invoice.

Scenario 2: The 24-hours time limit has exceeded for e-Way Bill and e-Invoice

Scenario 3: The 24-hours time limit has exceeded for e-Invoice and not for e-Way Bill

19.2. Cancel e-Way Bill, e-Invoice, & Delete Voucher

Scenario 1: The 24-hours time limit has not exceeded for e-Way Bill and e-Invoice.

Scenario 2: The 24-hours time limit has exceeded for e-Way Bill and e-Invoice

Scenario 3: The 24-hours time limit has exceeded for e-Invoice and not for e-Way Bill

19.3. Cancel e-Way Bill & e-Invoice and Retain the Voucher Using More Details

Scenario 1: The 24-hours time limit has not exceeded for e-Way Bill and e-Invoice.

Scenario 2: The 24-hours time limit has exceeded for e-Way Bill and e-Invoice.

Scenario 3: The 24-hours time limit has exceeded for e-Invoice and not for e-Way Bill.

20.  Invoice Management System (IMS) in TallyPrime 7

21.1. Download IMS Inward Invoices

Automatically Accept Reconciled Vouchers in IMS

20.2. View IMS Inward Invoices

20.2.1. IMS Default View

20.2.2. IMS Reconciliation View

20.2.3. IMS Action View

20.3. Accept, Reject, or Keep ITC Pending | Set IMS Action Status

20.3.1.  Change the GSTR Effective Date

20.3.2.  Exclude Invoices from GSTR-3B

21.  Upload IMS Inward Invoices

22.  IMS – ITC Summary

23.  Reset IMS Inward Action Status

24. Refresh GST Status of Vouchers