10 Differences Between Tally ERP 9 and Tally Prime
Tally Prime has been introduced in order to establish the foundation of the next-generation product. It is further devised to accommodate the growing necessities of the customers. Tally Prime has the capability to empower business owners to access actionable insights & business reports remotely at any point in time with ultimate security, employing any device.
Introduction
A large number of business owners, accountants, and others have been making use of Tally for over three decades as it is the most compelling business management software. Within these years, Tally provided the assurance of delivering high-grade performance by releasing many Tally versions. These versions rendered significant modifications and enhancements. Later, Tally strived to initiate the transformation of business operations and released TallyPrime. It aimed to provide you with Tally aims to transform various business operations, providing you with the utmost flexibility and maximum efficiency.
Tally Prime has been introduced in order to establish the foundation of the next-generation product. It is further devised to accommodate the growing necessities of the customers. Tally Prime has the capability to empower business owners to access actionable insights & business reports remotely at any point in time with ultimate security, employing any device. Now Tally ERP 9 is Tally Prime which has the objective of making each day streamlined, and uncomplicated for you to manage your business more productively and effectively. In case you possess a valid TSS, you have the right to download Tally Prime at absolutely zero cost. On the other hand, if you do not have a subscription, you can purchase Tally Prime exactly at the same price as Tally ERP 9. Continue reading to acquire all the detailed insights into the difference between Tally ERP 9 and Tally Prime.
What is Tally Prime?
The latest Tally Prime serves as a smarter as well as sounder version of Tally.ERP 9. It enables you to acquire more intensified features while sustaining the simplicity of the Tallly.ERP 9 software. Further, these features let you enhance diverse functions that drive work excellent workflow and higher productivity. In the Tally ERP 9 vs Prime, the Tally Prime being a business administration & accounting software renders exhaustive business solutions to every enterprise from small to large in order to enable them to accommodate their advancing needs. Moreover, Tally Prime is the ideal, GST-ready ERP application. At the same time, it facilitates the streamlining of the business owners’ lives with its multi-task abilities. With Tally Prime, you can easily handle every necessity of your business from banking integration, inventory management, and regulatory compliance, to HR & payroll management. In addition to this, you obtain the possibility to cause quick decisions by delivering crucial reports on cash flow, cost center, financial & accounting, and inventory with others.
Do you know what is Tally on Cloud? With Tally on Cloud, you can access all your offline accounting data online at any time from anywhere in the world. Learn more about how you can install and configure Tally on Cloud and why it is better than tally-on-premise.
Tally Prime vs Tally ERP 9: Tabular Comparison
The below-mentioned table shows the comprehensive difference between tally ERP 9 and tally prime through their key features. Let’s take a glimpse at them to better understand the distinction between tally ERP 9 vs tally prime!
| Features | Tally ERP 9 | Tally Prime |
| Access Tally Data | In Tally.ERP 9, you are required to determine the path of the data in order to access the company’s data. | With TallyPrime, you get the freedom to access the data of company data from any path, drive, or even remotely. |
| Chart of Accounts | You are needed to make at least 3 clicks for launching an account in Tally.ERP 9. In Tally’s Gateway > Display > List of Accounts. | You can easily see all your masters on a single screen with TallyPrime. This involves groups, voucher types, ledgers, etc. |
| Multi-Tasking in Tally | In Tally.ERP 9, you can do multi-tasking by opening various instances. | In TallyPrime, you can easily multi-task or check open reports with the feature of GoTo. |
| Copy/Paste in Tally | You are required to employ Shortcut keys for copying & pasting in Tally.ERP 9.CTRL+ALT +C CTRL+ALT +V | For copying and pasting, TallyPrime providesGlobal keys.CTRL+C CTRL +V |
| Supplementary Details | In Tally.ERP 9, you are required to fill in the required Supplementary information every single time. | In TallyPrime, you can configure information as ‘permanent’ so you obtain only those details in Supplementary information. |
| Printing Invoice in Tally | There is a high cost of printing invoices in Tally.ERP 9. | With TallyPrime, you get the option of ‘optimizing printing to save paper.’ This helps you save money on printing, paper, & other costs. |
| Change Voucher Mode | This feature is accessible in 3 different locations, so navigation is complex. | TallyPrime renders three choices in sales vouchers or other vouchers – Item Invoice, Accounting Invoice, and As Invoice. |
| Update details in Transaction | To update the details of a specific item, you need to go through all the items in Tally.ERP 9. | With TallyPrime, you can readily update the details of a specific item by employing the ‘More Details’ functionality in Transactions. |
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Benefits of Tally Prime
The list of benefits you obtain with TallyPrime is vast. The following are some of the incredible advantages of TallyPrime you can go through –
Simplified Interface
Tally Prime provides a human-friendly interface. This helps you easily employ and manage it. Further, you can set up Tally Prime in a few minutes and get begun instantly.
GoTo & SwitchTo Feature
You obtain access to the GoTo feature. It is a powerful search bar that provides insights into current products and displays how every product can assist you. On the other side, the SwitchTo features allow you to implement multitasking. Consequently, you get the possibility to readily shift from one report to another while tracking your previous processes.
Access Business Data Online
Tally Prime software lets you have the authority to smoothly access your business data and track business reports online from a web browser. You can do this by being anywhere at any time.
Secured Data
TallyPrime ensures complete data safety and protection at every point in time. It renders features such as multiple-user access control, feature-based security, etc. This further lets you limit the data access within an organization as per your necessities. Also, you obtain a backup and restore choice with authorization at the level of the server.
e-Invoice with ‘QR Code’
The e-Invoices real-time generation forms a part of TallyPrime Release 1.1, you can now generate e-invoices in real-time. You can also generate e-Invoices in bulk at periodic intervals with this latest feature. Moreover, the feature permits you to print IRN as well as QR codes on the invoice. At the same time, it also gives you the option of managing e-invoices in offline mode.
e-Payments
You can easily connect with your bank relationship manager for activating the bulk upload facility in case your account requires it. When you activate this facility, you can facilitate TallyPrime under e-Payments for the respective bank. As of now, TallyPrime renders e-payment support for DBS, HDFC bank, Citi Bank, Tokyo & Mitsubishi (India), Standard Chartered Bank (India and UAE), ICICI, Kotak, YES Bank, and Bank of Baroda.
Invoicing & Accounting
With TallyPrime, you can construct as well as record invoices in no time. It provides a wide spectrum of features like multi-currency options, price levels, sales & purchase administration, and more.
GST/Taxation
The TallyPrime executes the ‘Prevention-Detection-Correction’ technology. This technology lets you always generate file-accurate returns. You can also obtain different kinds of GST invoices with automation – tax invoices & bills of supply. The technology further enables you to handle TDS, payroll statutory, and TCS.
Insightful Business Reports
While having above 400 business reports retaining powerful insights, you can effectively view as well as alter numerous parameters in the reports in a single click with the Tally Prime software.
Inventory Management
TallyPrime provides inventory management that incorporates godown administration, stock valuation, batch & expiry date, and much more. It also lets you acquire inventory reports, which further makes it an extremely flexible system.
Remote Access to data
TallyPrime allows its users to easily access financial data from the comfort of their residing locations with the usage of a single User ID & password.
Looking to Upgrade to Tally Prime? Read this article on Why and How to Upgrade Tally ERP 9 to Tally Prime on Cloud?
Summing Up
Tally Prime is considered your new business partner that makes sure to let you stay focused on your business purposes. It enables you to acquire all kinds of required reports that help you execute the right decision for your business as well as track the progress of your operations from time to time. All the Tally users from now accountants, CFO, and businesses to data entry operations and CA, can have the new age business management software, i.e., Tally Prime. They can easily attain maximum power & incredible experience while advancing the business. When it comes to apprehending the key difference between Tally ERP 9 and tally prime, Tally Prime facilitates you to have ease of usage, a simpler interface, more power & speed, better efficiency & reliability, and higher flexibility.
