Tally Prime 5.1 New Update Explained: What's New?

Summary

This video introduces Tally's latest 5.1 update, highlighting its key feature—the auto-calculation of pin-to-pin distance for GST e-way bills. Viewers are guided through the process of upgrading Tally to version 5.1, activating TSS, and using the new e-way bill functionality. Additionally, the video offers a free 30-day Tally crash course to viewers, which can be accessed by following specific steps like sharing the video and commenting. The tutorial aims to help accountants and business owners leverage Tally's enhanced capabilities, ensuring smoother GST compliance and more efficient billing.

Takeaways

• 😀 Tally Prime 5.1 has introduced important updates for accountants, especially related to e-way bill processing.
• 😀 The update includes automatic calculation of Pin-to-Pin distance for e-way bills, making it easier to generate accurate bills.
• 😀 Users need an active TSS (Tally Software Subscription) to upgrade to Tally 5.1 and receive the latest features.
• 😀 The step-by-step upgrade process for Tally 5.1 involves checking the current version and upgrading through the 'Help' section.
• 😀 Tally Prime 5.1 enables automatic data verification for e-way bills, streamlining the process of bill creation.
• 😀 Users must fill in a form and share the video with five friends to access a free 30-day Tally crash course.
• 😀 The free Tally crash course offers daily lessons via email, and a certificate is awarded after completing the 30-day program.
• 😀 When creating a sales voucher, Tally will automatically prompt users to enable e-way bill if the transaction requires it.
• 😀 The e-way bill feature calculates distance based on Pin codes and displays this calculation directly in Tally.
• 😀 The script encourages viewers to subscribe to the channel for more Tally-related tutorials and accounting tips.
• 😀 Tally Prime's 5.1 update improves the workflow for accountants, making the software more efficient for handling GST-related tasks.

Q & A

What is the main purpose of this video?

The video aims to explain the latest update of Tally 5.1 for accountants, focusing on key features and how users can upgrade to this version.

What is the free offer mentioned in the video?

The video offers a 30-day Tally crash course for free. To access it, viewers need to enroll through a form provided in the pinned comment and share the video with at least five friends.

How can one activate the 30-day Tally crash course?

To activate the 30-day crash course, viewers must enroll via a form linked in the pinned comment and then write 'I want 30-day course' in the comments of the video.

What is the significance of the Tally 5.1 update?

Tally 5.1 brings crucial updates related to e-way bills, such as automatic calculation of the distance between pin codes for shipments and improvements in material in/out processes.

How does Tally 5.1 calculate the distance for e-way bills?

Tally 5.1 automatically calculates the pin-to-pin distance between the source and destination pin codes and verifies it through the e-way bill portal.

What happens when the distance is calculated using the e-way bill portal?

The e-way bill portal provides an estimated distance between two pin codes, which is then auto-verified and displayed within Tally when the user activates the 'Calculate Distance on Portal' option.

What is required for the Tally software to upgrade to 5.1?

The Tally software must be activated and the Tally Software Subscription (TSS) should be active to receive the 5.1 update. Users can upgrade to 5.1 directly through the help menu in Tally.

Why was a demo company created in the video?

A demo company, 'Dell International,' was created in the video to demonstrate the new features and updates of Tally 5.1, specifically for GST-related processes.

What happens if the Tally system is in Education Mode?

If Tally is in Education Mode, users cannot upgrade to the latest version. The system needs to be activated with a valid subscription to receive updates.

What other features were mentioned in Tally 5.1 besides the e-way bill update?

Other than the e-way bill update, Tally 5.1 also includes features such as data verification for distance, the ability to generate e-way bills for materials in/out, and enhanced functionality for creating and managing invoices.