Monthly Archives: July 2008

Release Notes for Tally 9 Release 3.0 Beta

Going further with the success of Tally 9 Release 2.0, this amazing major release of Tally will take the product flexibility, performance and volume handling capacity to greater heights. The underlying philosophy of Tally has been to give our customers the best of speed and the latest technology with improved functionalities. They have incorporated major changes in the data processing capabilities to improve the overall performance and are proud to say that we have kept up this promise once again with the latest release.

 

There are many features it is almost 76 Pages of release notes and I am going through it and will keep you updated. The “WOW” factor is what I expect from this release.

 

I will keep on posting my comments on this Tally 9 Rel 3 Beta in coming days so keep coming and keep watching for news here.

 

Major Enhancements:
Size and Performance changes

Automatic caching based on system memory

 

Earlier, report generation involving large amount of data was always impeded by the problem of high memory usage. In Release 3.0, a new feature has been introduced to overcome this hurdle. The application now uses an automatic caching based on the memory of the system it is running on. This results in the usage of lesser memory even with higher data volumes. Reports which were running out of memory or consuming large amount of virtual memory on a 2GB system, will now respond even on a 1GB system. This can be observed by generating a report say a day book containing 50,000 to 100,000 vouchers on a 512MB machine using the last major release as well as this release.

 

Faster Data Entry

 

The data entry speed has been considerably increased in scenarios where there are a large number of ‘Tracking numbers’ and ‘list of pending orders’. In other words, the time taken to make a single entry has been reduced due To the faster retrieval and display of tables for selection of tracking numbers and pending orders.

 

 

Application size reduction by three-fourth

 

A faster, powerful and a SMALLER Tally application! The application has been modified and restructured to drastically reduce its size. The “exe” file of the application has been approximately reduced to three-fourth the size when compared to earlier versions. To be more precise, it is reduced from 10.7 MB to 1.96 MB. This will result in faster installation, loading, and opening of the application, thereby enhancing the overall user experience.

 

Tally DATA SIZE Reduction

Tally data size has been reduced in this release. Tally 9 Release 3.0 will effectively reduce the data size up to 40%. This data size reduction will help in enhancing the overall performance of the application.


RBI hikes interest rates and CRR

RBI Governor Y V Reddy hiked cash reserve ratio by 0.25 per cent to 8.75 per cent and the short-term lending (repo) rate by 0.50 pre cent to 9.00 per cent. This could instigate banks and other Institutions to increase the rates by 1 %

Consumers may have to fork out up to Rs 1,500 more every month for a home loan of Rs 20 lakh, as bankers say that interest rates could go up by 0.5-1 per cent after RBI’s hawkish policy aimed at containing inflation. Repayments may increase by over Rs 3.5 lakh (Rs 350,000) over a 20-year period on a Rs 20 lakh (Rs 2 million) home loan, if the bankers hike interest rates by up to 1 per cent.

So Guys be prepared to fork in more money.

 

Check this interesting Article http://www.rediff.com/money/2008/jul/29cred3.htm

Concurrent access of a single company’s data in Tally 9 Silver

Many businesses using two or more licenses of Tally 9 Silver (Rel.2.0) on their Local Area Network (LAN) would like to access a common data. This was not possible in the earlier versions of Tally 9 within a LAN. If one user was accessing the data of a company, then another user on the LAN would not be able to access the database of the same company. The database would be rendered inaccessible.

 

Tally 9 Silver (Rel.2.0) now comes with an enhanced feature, wherein more than one Tally 9 Silver license user can access the data of a single company concurrently on a LAN (within a single sub-net).

 

 

Scenario

Let us illustrate this with the help of a scenario. The company considered for this scenario is Universal Business Solutions, where we have the Chief Accountant Mr. Shrikanth and his deputy Mr. Kiran. Both of them are using Tally single user licenses on their systems and are connected on a LAN (within a single subnet). The Tally data folder is located on Mr. Shrikanth’s system. Mr. Shrikanth views certain reports, in this case the Balance Sheet for the year 2007-2008. Simultaneously Mr. Kiran is making a voucher entry into the same company whose data is on Mr. Shrikanth’s system,

 

At the Gateway of Tally press F1 to select a company. The following screen is displayed. The field Directory displays the default location of the folder Data. Select the company Universal Business Solutions from the drop down menu displaying a list of companies and press Enter. (Fig. 1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fig. 1

 

Then at the gateway of Tally, under Reports, click Balance Sheet and press

Alt+F1 to view a detailed report (Fig. 2).

 

Now this is the screen being viewed by Mr. Shrikanth.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fig. 2

 

At the same time Mr. Kiran needs to access the same company Universal Business Solutions for making a voucher entry. At the Gateway of Tally press F1 to select a company. The following screen is displayed. The field Directory displays the default location of the folder Data. Navigate to this field using the backspace key and enter the path of the shared folder Data, located on Mr. Shrikanth’s system – \\shrikanth\Data. Then Select the company Universal Business Solutions from the drop down menu displaying a list of companies and press Enter. (Fig. 3)

 

 

 

 

 

    
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fig. 3

 

At the gateway of Tally, under Transactions, click Accounting Vouchers. By default, the Payment voucher screen is displayed. Press F-6 to select Receipt. Mr. Kiran views the following screen. He can execute all the functions of Tally as if he was working with Tally on his local system. (Fig. 4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fig. 4

 

 

Accessing Data on system 2

We will now walk through the steps on how to access data on another system. In the folders section of the Explorer window, open the folder Tally 9. Right click on the sub-folder Data and then select Sharing and Security. (Fig. 5)

 

 


 

Fig. 5

 

A screen with the folder properties is displayed. Check the option Share this Folder. By default the name of the shared folder is the active folder, which in this instance is the folder Data. Under the parameter User Limit, select the option Maximum Allowed. (Fig. 6)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fig. 6

 

Once this is done, click on the tab Security. Under the list of Groups or User Names, select the required option and under Permissions – Allow, check all the options. This will facilitate the other users to carry out all functions for the shared folder. (Fig. 7)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fig. 7

 

On completing click the tab Apply to enable all these changes to take effect and then click OK to exit from this window. The users on a LAN can now start using Tally and simultaneously access the data of a single company.

 

At the Gateway of Tally, click F1 to select a company. The following screen with

a list of companies is displayed (Fig.8).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fig. 8

 

Use the backspace key to change the Directory. (Fig. 9)

 

 

 

 

 

 

 

 

 

Fig. 9

 

Type in the location of the shared folder Data as shown below. You can type in the system name where the shared Data folder is located. In this case the system name is “shrikanth” (Fig. 10)

 

 

 

 

 

 

 

 

 

 

Fig. 10

 

Alternatively, you can also define the location of the shared folder by typing in the

IP address of the system where it is located. (Fig. 11)

 

 

 

 

 

 

 

 

 

Fig. 11

 

If the company database has to be shared on a default basis, then the following changes have to be executed in the Tally.ini file. In the first instance the system name can be mentioned. (Fig.12)

 

 

 

 

 

 

 

 

 

 

Fig. 12

 

 

Alternatively, the system’s IP address can be mentioned as shown. (Fig. 13)

 

 

 

 

 

 

 

 

 

 

Fig. 13

 

 

Once the steps mentioned above are executed, Tally can be used in this LAN environment, wherein more than one user of Tally 9 Silver (Rel. 2.0) licenses can concurrently access the data of a single company. The important element is allowing access to the folder on the LAN.

Tally announces BAP program for chartered Accountants

The latest initiative of the CIT is to offer exposure to Business Advisory Services on Tally in association with M/s. Tally Solutions Pvt. Ltd. (TSPL). ICAI members would be able to join the Tally Business Advisory Program (BAP) to offer value added services to their clients, as a part of this initiative.

TallyNet services hosted by TSPL would provide technology updates and tools for professional accountants for Compliance Services (TDS/ FBT/ VAT) and IT Assisted Audit Services for Tally.

The first pilot training session was also conducted in Delhi. Further details will be made available soon from the company as well Institute of Chartered Accountants from india.

http://isaicai.org/Tally_BAP_workshop.pdf

How do I generate e-TDS / e-TCS Forms in Tally 9?

Procedure for generating e-TDS/e-TCS forms in Tally

To generate the above report, you need to have the “File Validation Utility” files. These files are available in the website of NSDL (National Securities Depository Limited) who has developed to verify whether the e-TDS return files prepared by the deductors / collectors conform to the prescribed format.
There are two separate files available for validating the e-TDS which can be downloaded from the site.
1. File Validation Utility for Quarterly Returns
2. File Validation Utility for Annual Returns
Note: The e-TDS/TCS FVU is a Java based utility.JRE (Java Run-time Environment),versions:
SUN JRE: http://java.sun.com/products/archive/j2se/1.4.2_03/index.html or
http://java.sun.com/products/archive/j2se/1.4.2_04/index.html or
http://java.sun.com/products/archive/j2se/1.4.2_02/index.html or
IBM JRE: http://www-128.ibm.com/developerworks/java/jdk/
should be installed on the computer where the e-TDS/TCS FVU is being installed. Java is freely
downloadable from : http://java.sun.com and
http://www.ibm.com/developerworks/java/jdk or
you can ask your vendor providing computer facilities (hardware) to install the same for you.
1. File Validation Utility for Quarterly Returns:
  Once you download the above file and execute the same, the following three files would be extracted, viz,
1. TDS FVU Readme.rtf:This file contains instructions for setup of the e-TDS FVU.
2. e-TDS FVU Setup.exe:This is a setup program for installation of FVU.
3. TDS_FVU_STANDALONE.jar:This is the FVU program file.
These files are required for installing the e-TDS/TCS FVU
Save the above three files in the Tally folder. Double click “TDS FVU Setup.exe” file > It will prompt with a message “Successfully created TDS_FVU.bat” and will create a batch file of the same name.
Steps to generate Quarterly e-TDS Returns:
1. Reconcile the TDS ledger(s). i.e., from Gateway of Tally go to Display > Statement of Accounts > TDS Outstandings > TDS Computations > Select a TDS ledger > Press Alt+F5 or Click on “F5 Challan Reconcile” button available on the right side.
2. Next, it will list the TDS payment voucher. Update the following fields for each payment made, i.e.,
 
Bank Challan No.
Challan Date.
Bank Name.
BSR Code.
3. Save the above updation. (Accept = Yes)
4. Next, Gateway of Tally > Display > Statutory Reports > TDS Reports > ETDS Forms > Report Generation (Export Screen) will appear.
5. Enter the details for the following fields:
6. Format: SDF (Fixed Width)
 
Output File Name : Tally.txt
Personal Responsible details: Fill in the same
Other Details: For e.g. if you are exporting for a quarter i.e., Apr to Jun,
Mention the period from: 1-4-2007 To: 30-6-2007
Challan Date: 7-7-2007 (E.g.)
Form Name: 26Q [Other forms that can be exported are Form 26, 27 & 27Q]
Enter Place & Date (E.g. Bangalore, 7-7-2007]
Upload Type: Regular
Export = Yes
7. Go to Tally folder > Open NSDL Utility file (i.e.,) Run the batch file ‘TDS_FVU.bat’ > a pop-up window will appear [see picture below] > Under “Input File Name with Path” mention the exported file name with path (for e.g. D:\Tally\tally.txt). Under “Error/Upload & Statistics Report File Path” mention the path of tally folder (e.g. D:\Tally\) 

 
 
8. Next highlight on “Validate” button and Click the same or press Enter. > If the information fed by you is correct > You will get a ‘success’ message (as per the picture below), and a file named ‘Tally.html’ will be generated in Tally folder. Open this file to view the e-TDS form.
 
9. If the information fed by you is not correct, you will get an error message stating the reason for failure (see, an e.g. error message picture below), and a file named ‘Tallyerr.html’ will be generated in tally folder. Open this file to view the details of error message and rectify accordingly.
 
  Please note that the following fields are mandatory (with valid data):
1. Company TAN No.
 
IT No.
Address (without special characters)
State
PIN
Telephone No.
E-mail ID
2. Party’s IT No.
 
Address (without special characters)
State
PIN
3. Person Responsible details in Export Configuration.
4. Challan Reconciliation with valid data in all columns (eg. If Cheque no. is 000012, then it has to be entered as same and not just 12)
5. Selection of proper Date range and Challan Till in the Export Configuration.


http://www.winjit.com/ Winjit technologies is an authorized service centre of Tally. We provide various services on Customization in Tally 7.2, 9.0.Please email tally@winjit.com

For all your customisations, Tally Customisations. Support Inquries, Call US