What’s New in Tally.ERP 9 Series A Release 3.0?

What's New in Tally.ERP 9 Series A Release 3.0?

Tally.ERP 9 is a popular and comprehensive business management software that helps you manage your accounting, inventory, taxation, payroll, banking, and more. Tally.ERP 9 Series A Release 3.0 is the latest version of this software that comes with many new and improved features. Here are some of the highlights of this release:

  • New Rupee Symbol and Inter-Currency Conversion: Tally.ERP 9 Series A Release 3.0 has introduced the usage of the new rupee symbol and enables its integration with all documents concerned with a business[^1^]. Tally also provides another interesting feature that facilitates ‘inter-currency’ conversion. Users can select a base currency (say INR) and convert the consolidated reports of all international branches of the business into the same. The user also has to feed in the current currency values into the system to enable this function[^1^].
  • New Banking Features: The old system enabled only the capturing of dates of transactions, but the new banking feature allows the user to record and monitor multiple transactions in a single voucher. A single bank amount can also be allocated to multiple transaction types such as cheque/DD, cash, electronic cheque, electronic DD/PO, inter-bank transfer, and same bank transfer, based on the requirement. The monitoring of transactions by amount, date, instrument number or modes (like NEFT, Cheque, DD, etc.) is now possible, thereby projecting a more complete picture[^1^].
  • Income Tax Calculation for Payroll: With the Income Tax feature, calculating tax and submitting returns are made easy for both the organisation and employees. This feature makes it possible to generate the income-tax computation sheet and IT returns and mail it to employees. In addition, it will provide quarterly and yearly returns. It is simple to configure and the predefined rules set by Income Tax Dept. will be updated as and when rules are changed. It provides forms 16, 16AA, 12BA plus quarterly 24Q and yearly 24 in hard copy plus ‘e’ formats[^1^].
  • Job Work Feature: The Job Work feature supports operations for the business that outsources a ‘job’ as well as businesses such as ancillary units that accept such orders. The functionality helps solve issues related to inventory tracking and profit assessment, for seamless operations. The Job Work module can create easier manufacturing workflows and simplify inventory management and makes order tracking, tracking of stages of Work-in-Progress or assessing the status of finished goods, easy. So jobs like stock evaluation, generating a profit analysis or finished goods or raising a bill of materials etc are made easy by Job Work feature in Tally[^1^].

Tally.ERP 9 Series A Release 3.0 is a powerful and user-friendly software that can help you streamline your business processes and enhance your productivity. To know more about this software or to download a free trial version, visit https://tallysolutions.com/.