Tally Prime 5.0 introduces several new features designed to enhance user experience and streamline business processes.
Tally Prime Default TDL
A new feature of Tally Prime Developer Release 5.0 is the addition of Connected GST code. Progress Bar has been enhanced and Stripe View has been included as a new feature to enable the related GST feature. With Tally Prime Release 5.0, partners and developers can create new, customized options with the assistance of the updated code of Tally Prime's default TDL.
Dictionary Manager
Dictionary Manager 5.0 introduces strong new features for exporting and importing data, as well as better filtering and sorting capabilities.
TDL Enhancements in Tally Prime Release 5.0
Release 5.0 provides more TDL capabilities, allowing developers to personalize its features. Furthermore, the Progress Bar and Stripe View features greatly improve the user experience.
Progress Bar
Release 5.0 adds several types of new TDL capabilities, allowing developers to significantly change its features. The new Progress Bar UI improves user understanding of each step involved in completing GST returns. This functionality can also be used in customizations to improve clarity for multi-step processes.
Stripe View
With the Stripe View capability in Tally Prime, you can now view data in reports and vouchers with stripes. Reports and vouchers with stripes make the data easier to read overall by allowing you to see each row's data clearly.
Sort Pending Bills to Manage Payments Effectively
Tally Prime Release 5.0 provides an effective payment management solution that allows you to sort through your pending payments. Make payments on time and in the order of due dates, with the oldest bill paid first, to reduce the possibility of late fees and penalties. You can also sort the bills by other factors such as Bill Date, Balances, and so on, depending on your business procedures.
Instant Notifications with the new Bell icon
Tally Prime 5.0 introduces the Notifications report and the Bell icon, which improve the notification structure. The report is intended to remind you of key duties such as GST uploads/downloads and return filing (for Indian users), TSS renewals, license management, and Tally Prime upgrades. You can now do:
• Get timely notifications for multiple activities in a single report to remain on top of business responsibilities.
• Use the Notifications report to perform appropriate actions without switching between screens or modules.
• Set up the Bell icon indicator to get notifications how you want them to.
Master Your Accounting & Compliance Needs with Connected GST
Balancing your books with GST regulations has never been easier, and it all happens within Tally Prime's existing flow.
Features
Simpler Uploads & Downloads: Upload GSTR-1, GSTR-3B, and CMP-08 from Tally Prime to the GST portal. GSTR-1, GSTR-3B, GSTR-2A, and GSTR-2B can all be downloaded in only a few clicks.
Effortless Filing: You can file your GSTR-1 immediately from Tally Prime without entering the portal. Select a filing technique, like DSC or EVC.
Real-Time Party Information: Use the portal's real-time data to quickly generate and validate party ledgers. No more manually entering party information. Simply enter the GSTIN/UIN of the party.
Key Insights on ITC: Bills Payable allows you to accurately track your ITC at risk for one or hundreds of suppliers. Similarly, in Bills Receivable, you may follow the status of invoice uploads against a party's pending bills. Gain more insight with specific reports like Ledger Vouchers - GST and Ledger Outstanding - GST, as well as other predefined saved views.
Benefits
Easily resolve mismatches and rejections for smooth filing, uploading, and downloading.
Automate operations like upload, download, and party validation to save time and connect securely to the GST site.
Real-time visibility into financial activities and compliance is made possible by Tally Prime.
Minimize compliance efforts, freeing up time for business growth.
AIAT INSTITUTE
Address: AIAT Institute, 15 Bhande Plot Umred Road Nagpur.
Website: www.aiatindia.com
Which new feature in Tally Prime 5.0 enhances the user interface by adding a visual indicator of progress in tasks like completing GST returns
Answer: B) Progress Bar
A) Stripe View
B) Progress Bar
C) Dictionary Manager
D) Bell Icon
What does the new Stripe View feature in Tally Prime 5.0 help with?
Answer: B) Viewing data in reports and vouchers with stripes for easier readability
A) Sorting data alphabetically
B) Viewing data in reports and vouchers with stripes for easier readability
C) Importing and exporting data
D) Managing notifications
What is the purpose of the new Bell Icon introduced in Tally Prime 5.0?
Answer: B) To provide instant notifications
A) To enable GST code
B) To provide instant notifications
C) To manage dictionary exports
D) To view reports with stripes
How does the new Dictionary Manager 5.0 enhance data handling in Tally Prime?
Answer: A) By providing better filtering and sorting capabilities
A) By providing better filtering and sorting capabilities
B) By adding a Progress Bar UI
C) By managing payment sorting
D) By introducing the Bell Icon
Which feature allows developers to significantly personalize Tally Prime's functions and features?
Answer: C) Enhanced TDL capabilities
A) Progress Bar
B) Stripe View
C) Enhanced TDL capabilities
D) Bell Icon
What benefit does the 'Sort Pending Bills' feature offer in Tally Prime 5.0?
Answer: B) Manages payments effectively by sorting bills
A) Automates GST uploads
B) Manages payments effectively by sorting bills
C) Provides instant notifications
D) Enhances data viewing with stripes
What does the Connected GST feature in Tally Prime 5.0 facilitate?
Answer: A) Real-time party information and automated GST uploads/downloads
A) Real-time party information and automated GST uploads/downloads
B) Filtering and sorting data
C) Instant notifications
D) Viewing reports with stripes
Which of the following can be directly filed from Tally Prime without accessing the GST portal?
Answer: B) GSTR-1
A) GSTR-2A
B) GSTR-1
C) CMP-08
D) GSTR-2B
What key insights does the Bills Payable feature provide regarding ITC?
Answer: B) Accurate tracking of ITC at risk for suppliers
A) Real-time notifications on party information
B) Accurate tracking of ITC at risk for suppliers
C) Enhanced data filtering
D) Sorting pending bills by due date
Which of the following is a benefit of using Tally Prime 5.0 for GST compliance?
Answer: B) Minimized compliance efforts and increased time for business growth
A) Manual entry of party information
B) Minimized compliance efforts and increased time for business growth
C) Viewing data without stripes
D) Delayed notification of business responsibilities