TallyPrime Silver 7.1 – Overview
TallyPrime Silver 7.1 is the latest single-user edition of Tally's business management software, offering enhanced accounting, banking, GST compliance, invoicing, and financial reporting features. Release 7.1 focuses on improving business productivity through smarter automation, professional invoice design, and enhanced statutory compliance.
Overview
- Edition: Silver (Single-User License)
- Version: Release 7.1
- Ideal For: Small and medium businesses, accountants, traders, manufacturers, retailers, and service providers.
What's New in TallyPrime 7.1
Professional Invoice Print Templates
- Ready-to-use invoice templates.
- Add company logo, watermark, header, footer, custom fonts, and colours.
- Create professional and branded invoices.
Enhanced IMS (Invoice Management System) Reconciliation
- Compare supplier invoices with books of accounts.
- Identify matched, mismatched, pending, and action-required transactions.
- Simplifies GST reconciliation and compliance.
Schedule III Financial Statements
- Generate financial statements as per Schedule III (Division I) requirements.
- Useful for companies preparing statutory financial reports.
ICICI Connected Banking
- Initiate vendor payments directly from TallyPrime.
- Faster payment processing with reduced manual intervention.
- Improved banking workflow for ICICI Bank customers.
Improved Bank Reconciliation
- Potential Match Summary for quicker reconciliation.
- Better voucher creation with bill-wise transaction details.
- Reduced manual matching effort.
Auto Wrap Text
- Automatically wraps long narration and descriptions.
- Improves readability in vouchers, reports, printouts, exports, and invoices.
Enhanced GST Compliance
- Improved HSN/SAC validation.
- Better e-Way Bill handling.
- GST return effective-date controls.
- Improved GST reconciliation workflow.
Latest e-TDS & e-TCS Returns
- Support for updated e-TDS and e-TCS return formats.
- Helps maintain compliance with the latest statutory requirements.
Secure Emailing (OAuth)
- Send invoices and reports using secure OAuth authentication.
- Compatible with modern email security standards.
Existing Features Continued
- Auto Bank Reconciliation
- Voucher Import from Bank Statements
- Cloud Backup with TallyDrive
- WhatsApp Sharing
- Reports Dashboard
- Inventory Management
- Auto Backup
- PrimeBanking Integration
Benefits
- Faster GST reconciliation with IMS support.
- Professional invoice printing with customizable templates.
- Improved banking and payment processing.
- Better financial reporting through Schedule III statements.
- Enhanced compliance with the latest GST, e-TDS, and e-TCS requirements.
- Improved readability and user experience with Auto Wrap Text.
- Secure communication through OAuth-based email integration.
- Ideal for businesses seeking a complete, compliant, and efficient accounting solution.