What's New in TallyPrime 7.0

TallyPrime Release 7.0 brings a host of powerful enhancements designed to boost productivity and ensure compliance. Auto Backup keeps your data secure and easily accessible, while PrimeBanking Payments streamlines payment processing and reconciliation. With SmartFind, you can quickly search and locate information across masters and transactions. GST-related improvements include ITC reduction in IMS along with enhanced e-Invoice and e-Way Bill management. You’ll also experience faster company and report loading, smoother integration through JSON Data Exchange, and a more flexible migration process.

Key features

Auto Backup – Safe and Effortless

Automatically back up your data to TallyDrive or local storage at your preferred frequency. Your scheduled backups run even when TallyPrime is not open.

▪ TallyDrive – Cloud Backup Storage

Securely store your data on the cloud. You can also add an extra layer of protection by setting a Backup Password and Recovery Key for authorised restoration.

▪ Centralised Backup Management

Use the Schedule Backup report to view, create, edit, delete, or move schedules, and to take instant backups. With the Manage TallyDrive report, you can monitor storage, manage backups, and download them whenever needed.

▪ Flexible Restore

Restore your data from TallyDrive, a local drive, or any downloaded backup—including specific backup versions.

Easy PrimeBanking Payments

▪ Online Payments

Simplify your payment workflow with seamless online PrimeBanking payments.

▪ Set Transaction Limits

Maintain control by configuring single and daily transaction limits for online payments.

▪ Update Payment Status Online

Stay informed with real-time payment status updates, helping you understand which payments are completed or need attention.

▪ Automated Payment Advice

Improve communication with suppliers through automated payment advice sent upon successful payment.

▪ Refresh Bank Connection Status

View the real-time status of your bank connections for better tracking and confidence.

SmartFind – A Smarter Way to Locate

TallyPrime offers a powerful tool to instantly find your entered data.

With SmartFind, you can:

▪ Quickly locate information even if you don’t remember the exact name or spelling.

▪ Search across masters and transactions in all loaded companies, all without leaving your current screen.

Robust Migration Experience

Upgrading to the latest TallyPrime release is now smooth and hassle-free.

When migrating from TallyPrime 2.1 or earlier or Tally.ERP 9 Release 5.0 or later, you can :

▪ Pause and resume the migration anytime without starting over.

▪ Continue working in your previous release, with all updates automatically reflected in the migrated company.

Simplified GST Compliance

With TallyPrime, you can now:

▪ Cancel e-Way Bills, e-Invoices, and vouchers all at once.

▪ Export GSTR-3B for a return period in a single JSON or Excel file.

▪ Detect and correct duplicate vouchers in Uncertain Transactions across GST reports, including GSTR-1, GSTR-3B, GSTR-2A, GSTR-2B, e-Invoices, and e-Way Bills.

Simplified ITC Reduction in IMS

▪ Comprehensive Amendments

Record ITC reductions for B2BA, CDNRA, and B2BDNA invoices.

▪ Invoice-Level Clarity

Update ITC values individually for each invoice to ensure precise tracking.

▪ Live Portal Sync

Once uploaded, declared ITC values automatically sync with the GST portal and reflect in TallyPrime GST reports.

▪ Remarks for Transparency

Add remarks for pending or rejected invoices in IMS and share them with the portal for better clarity and tracking.

Effortless JSON Data Exchange

TallyPrime now lets you export and import data in JSON format, alongside Excel and XML.

This ensures seamless integration with external applications while maintaining accuracy, consistency, and reliability in your data exchange.

Optimized Company and Report Loading

▪ Faster Company Access

Load companies quickly and start working without any delay.

▪ Enhanced Report Performance

Experience faster report loading, printing, exporting, emailing, and sharing via WhatsApp.