Managing a business is not a small thing. To keep up with evolving changes, regulations, needs, and complexities - a reliable software is needed. For that Tally has released a new update TallyPrime Release 5.1, designed to simplify business management with a host of new features and improvements.
Whether it is a small business or large enterprise, TallyPrime 5.1 aims to streamline processes, improve compliance and boost efficiency. From managing GST and Generating E-Way Bills to handling Payroll, TallyPrime 5.1 has something for everyone.

TallyPrime Release 5.1 is available in two versions:

1. TallyPrime Release 5.1

2. TallyPrime Release 5.1 (Edit Log)

Here are New Updates In TallyPrime Release 5.1

1. Enhanced GST Management

   1. Simplified GST Conflict Resolution : Easily identify, resolve and track discrepancies related to GST in Masters and Transactions. This ensures data accuracy, maintains compliance and helps avoid costly mistakes.

Flexible Voucher Numbering And HSN/SAC Summary Configuration

When migrating from TallyPrime Release 2.1 (or earlier) to TallyPrime Release 5.1, voucher numbering and HSN/SAC configurations can be managed with ease.

1. Voucher Numbering

   1. Keep the current voucher numbering method.

   2. Apply it to specific voucher types, such as sales, or across all voucher types.

   3. Continue using the existing numbering system as needed.

Flexible Voucher Numbering And HSN/SAC Simplified E-Way bill Management

With the Release of TallyPrime 5.1 E-Way Bill Generations get a significant upgrade:

1. Automatic Distance Calculation for E-Way Bill
   Manually entering the distance between the origin and destination for E-Way Bill generation is no longer required. TallyPrime now automatically fills the distance of origin and destination pin codes in E-Way bill. This applies when the “Pin to Pin Distance as per portal” field is blank or missing.

Additional Enhancements In TallyPrime Release 5.1

1. Improved Display of Stock Item Additional Description
   Stock item descriptions are now displayed in a single line, improving readability in invoices.

2. Voucher Mismatch Issue Resolved
   Mismatch in vouchers no longer results in an incorrect "Uncertain Transaction" status. Vouchers are now recorded correctly without any change in status.

3. Accurate GST Calculation
   GST is now correctly calculated for Service Ledgers.

4. Bank Charges GST Exception Resolved
   GST errors in GSTR-2A, GSTR-2B, and GSTR-3B due to incorrect bank ledger registration type are fixed, with the option to resolve flagged transactions.

5. Better GST Compliance
   Now report missing invoices or claim ITC based on whichever occurs first:

   1. November of the following financial year

   2. 20 months from the start of the current year

   3. Filing of annual returns

   4. of the following financial year

   5. November of the following year

   6. Filing of annual returns

Conclusion :

These are the new features and enhancements from the latest release of TallyPrime Release 5.1
Upgrading to TallyPrime Release 5.1, equips businesses with advanced tools and features that streamline operations, improve compliance and ensure efficiency. Whether its managing GST, handling E-Way bills or simplifying payroll. TallyPrime Release 5.1 offers practical solutions that cater to business needs.
To get the most out of TallyPrime Release 5.1, it’s important to have the right support and guidance. At Antraweb Technologies , we are here to help your business make the most of TallyPrime - whether it is the need for assistance with migration, customization or training.

For more details to our website.

https://www.antraweb.com/blog/whats-new-in-tallyprime-5.1

For any enquiry mail us at

[email protected]