Upgrade to Tally.ERP 9 Release 6.6.1

Upgrade to Tally.ERP 9 Release 6.6.1

Upgrading to Tally.ERP 9 Release 6.6.1 is fairly simple. We urge you to go through the FAQ section before you upgrade!

Install Tally.ERP 9 Release 6.6.1

  • Renew your TSS Subscription (for Tally.ERP 9 users whose TSS has expired). Users with a valid TSS Subscription will be able to use the licensed version of Tally.ERP 9 Release 6.6.1.
  • Buy an upgrade (for Tally 9 and lower version users) to start using the licensed version of Tally.ERP 9 Release 6.6.1.
  • Download and install Tally.ERP 9 Release 6.6.1. Users currently using any version of Tally.ERP 9 and having a valid TSS Subscription can directly upgrade to Release 6.6.1.

You can also upgrade directly to the latest release from the product.

Note: Be sure to back up your current data in a different location using Gateway of Tally > Alt + F3 > Backup. To view your backed-up data, restore your backup to a different folder using Gateway of Tally > Alt + F3 > Restore.

It is best to install Release 6.6.1 in a location different from your previous installation.

After Installing

After upgrading to Release 6.6.1, you can choose to start working with Tally.ERP 9 in one of the following ways:

Open your existing company in Release 6.6.1 and continue your business as usual

This is the simplest option. Open your company in Tally.ERP 9 Release 6.6.1 and follow the on-screen instructions. Once the data is converted, get started with GST (for India) or get started with GCC VAT (for Gulf countries) as required.

  • For Tally 7.2 or lower, download the tool Tally72migration.exe, and migrate your data using this tool. After the upgrade, you can open your data in Release 6.6.1.

Open your existing company in Release 6.6.1 and split your company

Open your company in Tally.ERP 9 Release 6.6.1 and follow the on-screen instructions. Then, split your company.

  • For Tally 7.2 or lower, download the tool Tally72migration.exe, and migrate your data using this tool. After the upgrade, you can open your data in Release 6.6, and split the company.

Create a new company in Release 6.6.1 and start afresh for GST or GCC VAT

  • Go to Company Info. > Create Company. Create all the required masters.

Or

  • Export the masters from your company in the older version of Tally.ERP 9 with the closing balances, as applicable. In the new company in Release 6.6, import these masters. Once the masters are imported, you can get started with GST or GCC VAT.

Enjoy your journey with Tally.ERP 9!

FAQ

  1. How do I migrate a group company that is created in Tally 7.2 to Tally.ERP 9?

A group company created in Tally 7.2 cannot be opened directly in Tally.ERP 9. We recommend that you open individual companies in Tally.ERP 9 ( migrate  data from Tally 7.2 before opening in Release 6.6.1), and then group them together once again at the end. Always remember to back up the data and restore at a different location.

  1. I am using Tally 8.1. Can I continue to use these versions after moving to Release 6.6.1? Can my licenses co-exist?

No, the licenses for Tally 8.1 and Tally 9 will not co-exist with Tally.ERP 9 Release 6.6.1.

  1. What happens to my synchronisation setup?

Everything will work as usual as long as you ensure that Tally.ERP 9 has been upgraded to Tally.ERP 9 Release 6.6.1 at all your locations.

  1. My existing customisation fails in Tally.ERP 9 Release 6.6.1 What do I do?

Ensure that the customisation or Account TDL used in Tally.ERP 9 is compatible with Release 6.6.1 If you find that your customisation or Account TDL is not compatible with Release 6.6.1, do either of the following:

  • Contact your partner to upgrade the solutions to Release 6.6.1.
  • Disable the customisations and proceed until the customisations are made compatible with the release.

To disable the customisation

For local TDL/TCP:

  1. Go to F12: Configure > Product & Features.
  2. Click F4: Manage Local TDL.
  3. Set the option Set TDL Files on startup to No, or remove the attached TDL or TCP from the TDL Configuration window.

For account TDL/Addon:

  1. Log in to the Control Centre.
  2. Identify the TDL tagged to the Account ID.
  3. Disable the TDL and update the license.

For customers in India

  1. Do I need to create different masters for GST? How can I manage the split between GST and VAT?

With Tally.ERP 9, it is pretty easy to manage two different tax regimes. You can create a whole new set of masters, voucher types, tax ledgers (Central Tax, State/UT Tax, Integrated Tax), and start cleanly with GST.

  1. I am using Tally 9 and I have enabled Dealer Excise. Should I follow different steps for moving to Release 6.6.1?

Yes. See the topic Migrating Dealer Excise Data.

  1. I want to view my earlier statutory data in my older product release and GST-related data in the latest release. How do I do this?

Once you have upgraded to the latest release, you can view and access all your statutory data in this release. However, if you want to view your earlier statutory data using your old product version:

  1. Make a copy of your company data in the folder where you have installed the latest Tally.ERP 9 release.
  2. Configure your existing license for the latest release.
  3. Continue to access your earlier statutory data using the older release and use the copied data in the latest release to create your GST-related transactions.
Upgrade to Tally.ERP 9 Release 6.6

Upgrade to Tally.ERP 9 Release 6.6

Upgrading to Tally.ERP 9 Release 6.6 is fairly simple. We urge you to go through the FAQ section before you upgrade!

Install Tally.ERP 9 Release 6.6

  • Renew your TSS Subscription (for Tally.ERP 9 users whose TSS has expired). Users with a valid TSS Subscription will be able to use the licensed version of Tally.ERP 9 Release 6.6.
  • Buy an upgrade (for Tally 9 and lower version users) to start using the licensed version of Tally.ERP 9 Release 6.6.
  • Download and install Tally.ERP 9 Release 6.6. Users currently using any version of Tally.ERP 9 and having a valid TSS Subscription can directly upgrade to Release 6.6.

You can also upgrade directly to the latest release from the product.

Note: Be sure to back up your current data in a different location using Gateway of Tally > Alt + F3 > Backup. To view your backed-up data, restore your backup to a different folder using Gateway of Tally > Alt + F3 > Restore.

It is best to install Release 6.6 in a location different from your previous installation. For more information, refer to upgrade to the latest release in a single-user environment and upgrade to the latest release in a multi-user Environment.

After Installing

After upgrading to Release 6.6, you can choose to start working with Tally.ERP 9 in one of the following ways:

Open your existing company in Release 6.6 and continue your business as usual

This is the simplest option. Open your company in Tally.ERP 9 Release 6.6 and follow the on-screen instructions. Once the data is converted, get started with GST (for India) or get started with GCC VAT (for Gulf countries) as required.

  • For Tally 7.2 or lower, download the tool Tally72migration.exe, and migrate your data using this tool. After the upgrade, you can open your data in Release 6.6.

Open your existing company in Release 6.6 and split your company

Open your company in Tally.ERP 9 Release 6.6 and follow the on-screen instructions. Then, split your company.

  • For Tally 7.2 or lower, download the tool Tally72migration.exe, and migrate your data using this tool. After the upgrade, you can open your data in Release 6.6, and split the company.

Create a new company in Release 6.6 and start afresh for GST or GCC VAT

  • Go to Company Info. > Create Company. Create all the required masters.

Or

  • Export the masters from your company in the older version of Tally.ERP 9 with the closing balances, as applicable. In the new company in Release 6.6, import these masters. Once the masters are imported, you can get started with GST or GCC VAT.

Enjoy your journey with Tally.ERP 9!

FAQ

  1. How do I migrate a group company that is created in Tally 7.2 to Tally.ERP 9?

A group company created in Tally 7.2 cannot be opened directly in Tally.ERP 9. We recommend that you open individual companies in Tally.ERP 9 (migrate data from Tally 7.2 before opening in Release 6.6), and then group them together once again at the end. Always remember to back up the data and restore at a different location.

  1. I am using Tally 8.1. Can I continue to use these versions after moving to Release 6.6? Can my licenses co-exist?

No, the licenses for Tally 8.1 and Tally 9 will not co-exist with Tally.ERP 9 Release 6.6.

  1. What happens to my synchronisation setup?

Everything will work as usual as long as you ensure that Tally.ERP 9 has been upgraded to Tally.ERP 9 Release 6.6 at all your locations.

  1. My existing customisation fails in Tally.ERP 9 Release 6.6. What do I do?

Ensure that the customisation or Account TDL used in Tally.ERP 9 is compatible with Release 6.6. If you find that your customisation or Account TDL is not compatible with Release 6.6, do either of the following:

  • Contact your partner to upgrade the solutions to Release 6.6.
  • Disable the customisations and proceed until the customisations are made compatible with the release.

To disable the customization

For local TDL/TCP

  1. Go to F12: Configure > Product & Features.
  2. Click F4: Manage Local TDL.
  3. Set the option Set TDL Files on Startup to No, or remove the attached TDL or TCP from the TDL Configuration window.

For account TDL/Addon

  • Log in to the Control Centre.
  • Identify the TDL tagged to the Account ID.
  • Disable the TDL and update the license.

For customers in India

  1. Do I need to create different masters for GST? How can I manage the split between GST and VAT?

With Tally.ERP 9, it is pretty easy to manage two different tax regimes. You can create a whole new set of masters, voucher types, tax ledgers (Central Tax, State/UT Tax, Integrated Tax), and start cleanly with GST.

  1. I am using Tally 9 and I have enabled Dealer Excise. Should I follow different steps for moving to Release 6.6?

Yes. See the topic Migrating Dealer Excise Data.

  1. I want to view my earlier statutory data in my older product release and GST-related data in the latest release. How do I do this?

Once you have upgraded to the latest release, you can view and access all your statutory data in this release. However, if you want to view your earlier statutory data using your old product version:

Make a copy of your company data in the folder where you have installed the latest Tally.ERP 9 release.

Configure your existing license for the latest release.

Continue to access your earlier statutory data using the older release and use the copied data in the latest release to create your GST-related transactions.

payroll-management-system-in-tally

Payroll System in Tally.ERP 9 Software

All businesses with more than one employee must have a payroll system. It not only affects the morale of employees, but also reflects the financial stability of the company. It is also a requirement to comply with federal and state laws.

Although this is a complex process, having an effective system helps to streamline and centralize the payroll method.

Basically, the payroll management process refers to the management of an employee’s financial records, including salaries, wages, premiums, deductions and net payments.

No matter, what’s the size of the organization, managing the payroll system is crucial. Company with fewer employees can use the single writing system.

New business owners who are not knowledgeable in the process may find the procedure challenging because of the various laws requirements that must be complied with.

To succeed in a world with greater time demands and leaner profit margins, we must find alternatives to the way we do our business.

Tally.ERP 9 is packed with a secured, flexible & built-in Payroll management feature. This feature helps you manage simplify payroll accounting, salary processing, attendance management and payroll statutory forms.

Statutory compliance: All legal deductions, such as EPF, TDS, ESI, are deducted from the payroll. The company then remits the amount to the respective government agencies. The frequency can vary depending on the type of the payments.

In most cases, dues are paid through the challan. After all dues are paid return/report are filed. For example, ECR is generated and filed to fill the PF return.

Payroll accounting: Each organization maintains a record of all financial transactions. The paid salary is one of the important operating costs that must be reported in the books. As part of the payroll management, it is important to check that all salary and reimbursement data are properly fed into the accounting / ERP system.

Payment: You can pay salary by cash, cheque or bank transfer. Usually organizations offer employees a bank salary account. After completing the payroll, you must make sure that the bank account of the company has sufficient balance to pay the salary.

Then you must send a salary bank recommendation notice to the relevant branch. This statement is issued with particulars like employee ID, bank account number, salary amount, etc.

Reporting: When you complete the payslip for a certain month, the finance and high management team will ask of reports such as the cost of employees on a departmental basis, employee costs on a location basis, and so on. Get the necessary information and share the reports.

Upgrade to Tally.ERP 9 Release 6.5.5

Upgrade to Tally.ERP 9 Latest Release 6.5.5

Upgrading to Tally.ERP 9 Release 6.5.5 is fairly simple. We urge you to go through the FAQ section before you upgrade!

Install Tally.ERP 9 Release 6.5.5

  • Renew your TSS Subscription (for Tally.ERP 9 users whose TSS has expired). Users with a valid TSS Subscription will be able to use the licensed version of Tally.ERP 9 Release 6.5.5.
  • Buy an upgrade (for Tally 9 and lower version users) to start using the licensed version of Tally.ERP 9 Release 6.5.5.
  • Download and install Tally.ERP 9 Release 6.5.5. Users currently using any version of Tally.ERP 9 and having a valid TSS Subscription can directly upgrade to Release 6.5.5.

You can also upgrade directly to the latest release from the product.

Note: Be sure to back up your current data in a different location using Gateway of Tally -> Alt + F3 -> Backup. To view your backed-up data, restore your backup to a different folder using Gateway of Tally -> Alt + F3 -> Restore.

It is best to install Release 6.5.5 in a location different from your previous installation. For more information, refer to upgrade to the latest release in a single-user environment and upgrade to the latest release in a multi-user Environment.

After Installing

After upgrading to Release 6.5.5, you can choose to start working with Tally.ERP 9 in one of the following ways:

Open your existing company in Release 6.5.5 and continue your business as usual

This is the simplest option. Open your company in Tally.ERP 9 Release 6.5.5 and follow the on-screen instructions. Once the data is converted, get started with GCC VAT (for Gulf countries) as required.

  • For Tally 7.2 or lower, download the tool Tally72migration.exe, and migrate your data using this tool. After the upgrade, you can open your data in Release 6.5.5.

Open your existing company in Release 6.5.5 and split your company

Open your company in Tally.ERP 9 Release 6.5.5 and follow the on-screen instructions. Then, split your company.

  • For Tally 7.2 or lower, download the tool Tally72migration.exe, and migrate your data using this tool. After the upgrade, you can open your data in Release 6.5.5 and split the company.

Create a new company in Release 6.5.5 and start afresh for GST or GCC VAT

  • Go to Company Info. -> Create Company. Create all the required masters.

Or

  • Export the masters from your company in the older version of Tally.ERP 9 with the closing balances, as applicable. In the new company in Release 6.5.5, import these masters. Once the masters are imported, you can get started with GST or GCC VAT.

Enjoy your journey with Tally.ERP 9!

FAQ:

  1. How do I migrate a group company that is created in Tally 7.2 to Tally.ERP 9?

A group company created in Tally 7.2 cannot be opened directly in Tally.ERP 9. We recommend that you open individual companies in Tally.ERP 9 ( migrate  data from Tally 7.2 before opening in Release 6.5.5), and then group them together once again at the end. Always remember to back up the data and restore at a different location.

  1. I am using Tally 8.1. Can I continue to use these versions after moving to Release 6.5.5? Can my licenses co-exist?

No, the licenses for Tally 8.1 and Tally 9 will not co-exist with Tally.ERP 9 Release 6.5.5.

  1. What happens to my synchronisation setup?

Everything will work as usual as long as you ensure that Tally.ERP 9 has been upgraded to Tally.ERP 9 Release 6.5.5 at all your locations.

  1. My existing customisation fails in Tally.ERP 9 Release 6.5.5. What do I do?

Ensure that the customisation or Account TDL used in Tally.ERP 9 is compatible with Release 6.5.5.

If you find that your customisation or Account TDL is not compatible with Release 6.5.5, do either of the following:

  • Contact your partner to upgrade the solutions to Release 6.5.5.
  • Disable the customisations and proceed until the customisations are made compatible with the release.

To disable the customisation

For local TDL/TCP

  1. Go to F12: Configure > Product & Features.
  2. Click F4: Manage Local TDL.
  3. Set the option Set TDL Files on startup to No, or remove the attached TDL or TCP from the TDL Configuration window.

For account TDL/Addon

  1. Log in to the Control Centre.
  2. Identify the TDL tagged to the Account ID.
  3. Disable the TDL and update the license.
saudi-vat-law

VAT Payment on import of goods under Saudi VAT Law

When the goods are imported by a person residing in the KSA, buyers are liable to pay taxes by reverse payment to General Authority of Zakat & Tax (GAZT).

Let us understand the methods to be used by both registered and unregistered enterprises to pay VAT on imports in kingdom of Saudi Arabia.

  1. Import by VAT registered enterprise in Saudi Arabia

When a Saudi VAT registered business imports goods from a non-GCC country, it is obliged to pay VAT to the Customs Department upon arrival of the imported goods to the KSA.

Furthermore, when a registered company imports goods from a GCC country but fails to prove that VAT is paid in the country origin, then the business needs to pay VAT to the Customs Department for the goods imported in KSA.

Businesses with high imports may apply to pay VAT for the imports of normal tax returns, rather than being charged by customs duties. Certain conditions have been established for businesses to be eligible for this:

  1. Business uses monthly tax period and plans to import goods at least on monthly basis.
  2. The business organization may prove that all tax returns have been submitted and that tax payments have been made on time in the previous 12 months.
  3. Sufficient evidence is provided of the person’s continuing financial stability.

Note that the VAT Authority in Saudi Arabia may refuse such an application if the General Authority for Zakat and Taxation (GAZT) believes that it is at risk of non-payment of VAT or has any unpaid obligations to the individual.

GAZT may also revoke an existing authorization which it considers to be no longer permitted or at the request of the person that it is not eligible.

After the authorization of the import VAT payment for regular tax returns is approved by GAZT, the taxable person must notify the approval customs authority before making the next import declaration.

  1. Import by unregistered businesses under Saudi VAT Law

When an unregistered business or private person imports SAR 10,000 goods from another GCC country and fails to prove that VAT has been paid in the country of origin, the person must pay VAT in KSA.

For this reason, VAT on imports of goods should generally be paid to the Customs Department by registered and unregistered persons at the time of import.

However, in the case of a registered business with a high amount of imports, a provision has been made for the payment of import VAT at the time of application for returns.

Benefits of using VAT Software

What are the benefits of using VAT Software?

In Saudi Arabia, most businesses are comfortable in manually maintaining their business accounts and records. Until the introduction of VAT on January 18th, the need to automate your business processes was not really a priority. Each business followed its own process for invoicing and maintaining business records. However, with the introduction of VAT, a change is needed.

Compliance requirements under VAT are standard and defined. Each business should now take into account and prepare the additional compliance activities required. In this regard, using Tally software can greatly simplify your VAT compliance activities.

Understand the benefits of using VAT software in your business:

Quickly billing of VAT invoices

According to VAT, every detail should be specified in a VAT invoice. Registered businesses must ensure that the invoices provided contain the necessary information. The invoice issued by a supplier also affects the buyer because the buyer’s input tax credit is linked to the invoice. Using a VAT accounting software provides the ability to preconfigure most of the details required in the invoice, minimizing the possibility of incorrect entries. Automatic calculations also ensure that calculation errors are avoided. All this leads to the creation of VAT invoices quickly and easily because of the minimum level of manual labor.

Faults or Detection of Errors

VAT compliance requires the correct details to be stated on the invoices. Even a small business should consider many aspects of the VAT law to ensure that compliance activities are carried out correctly. Tally.ERP 9 is a VAT software that provides the flexibility to configure and adjust most details, minimizing the possibility of errors. Calculation errors are also eliminated when you use Tally for VAT solutions. In addition, important feature of Tally software is to detect errors according to the VAT rules. Even an invoice that appears correct may be missing in terms of return filing. The VAT accounting software allows you to create accurate invoices and get results.

Ease in generating VAT returns

Filling returns is often a terrible compliance activity for many businesses. Businesses holding manual records usually need 2-3 days for a single return. As a business owner, that is a loss of 2-3 days spends on your core business activities. When using Tally, VAT return is much simpler process. A large portion of your refund will be automatically filled in based on the invoices you have recorded during the month as part of your daily activities. In fact, your returns will be updated in real time based on the invoices you enter into the software. Any errors or missing information will be highlighted for your action. Once these are resolved, your return is ready to be filed.

Always stay up to date with changes in the law

As an owner, you have a lot to do with your business. It will be difficult for you to keep track of changes in VAT rules and regulations. However, errors in compatibility can be very expensive. When VAT rules are changed and made, you can be sure that they are included in the VAT software to ensure that your compliance activities are always accurate.

Safe maintenance of your data

The VAT law requires you to keep your VAT records for at least 5 years. This period is even more in the records of capital assets. Therefore, it is extremely important that you keep your records in a safe place. It should also be easily accessible for quick reference at any time. Maintaining your VAT records with Tally.ERP 9 Software provides a safer way to store your records. Tally allows you to back up your data frequently, and it also allows you to easily access your previous data at any time.

For this reason, it is useful for businesses in Saudi Arabia to evaluate and use Tally software as their VAT solution for every requirement. The benefits of VAT in Tally software greatly reduce the cost. It’s time to use technology to simplify your tasks and ensure proper compliance under VAT.

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