Tally Prime 5.1 vs. 5.0 – A leap forward in the latest accounting software

Managing a business is no easy feat. Whether you are looking to simplify to boost your efficiency or improve the evolving changes, regulations etc.? In order to achieve this, Tally has introduced their latest software, TallyPrime 5.1, – This update includes new features and enhancements specifically aimed at assisting accountants and business owners in simplifying their tasks.

In this blog, we will discuss the newest key updates to TallyPrime 5.1 and compare it to 5.0.

Tally Prime

It is an adaptable business management software that simplifies accounting, inventory management, payroll and taxation. It’s a go-to-software solution for small and medium-sized enterprises. TallyPrime is renowned for its ease of use, speed, flexibility and reliability.  It’s a trademark for Tally products. With the latest updated TallyPrime, you will experience a whole new level of managing business much smoother.

Key differences & Highlights of Tally Prime 5.0 vs. 5.1

Tally Prime 5.0

• Effortless VAT Compliance

Simplified VAT Compliance

Stay ahead with Tally Prime’s latest VAT features. File returns, manage e-invoicing, and track VAT effortlessly with automated tools.

Learn More About VAT Features


• Arabic Language Support
• Automated TDS Compliance
• Tally plug- In Management
• Stripe view for enhanced readability
• Faster Bulk Data processing
• Enhanced notifications
• Bills sorting and payment management

Tally Prime 5.1

• Complete multilingual experience
• Effortless Arabic-English switching
• Simultaneous working in any language
• Bills sorting, page optimization, stripe view
• Navigate to any report from any screen to menu
• Multi-tasking is possible with Tally prime UAE.
• Manage Simple and advanced Transaction’s
• Access enhanced Browser report with lots of features.

Why upgrade from TallyPrime 5.0 to 5.1?

• Simple to learn, easier to use – Simple and easy to use by anyone. Anyone can set up the software application in less than a minute and get started with invoicing even faster.
• Insightful, actionable & customizable reports – TallyPrime comes with a diverse set a readily available business reports with powerful and actionable in-sights, helping you make informed

Multi-Currency Support

Expand globally with Tally Prime’s seamless multi-currency capabilities. Manage forex transactions with accurate conversions and reports.

Discover Multi-Currency Features


• Anywhere, anytime and secure access – easy access from web browser wherever you are, with a promising data to make your usage much smoother.

Who should upgrade to Tally Prime 5.1?

To handle complex accounting tasks, TallyPrime 5.1 is a must have for accountant or business owners. The advanced feature are particularly beneficial for;

• Business operating with scope of VAT regulations
• Small and medium enterprises seeking to simplify their compliance procedures.
• Accountants handling high transaction volumes
• Multi-location business requiring consolidated reporting

How to get started with TallyPrime 5.1?

Switching to TallyPrime 5.1 is a simple procedure that can be easily accomplished. To start with TallyPrime, constant training is required to aim in accounting, inventory management and taxation roles. Tally accounting software is used widely in UAE with the latest VAT regulations. It has released a new and improved version of Tally.ERP 9 called TallyPrime 5.1.

TallyPrime Gold (Unlimited Users) & TallyPrime Silver (Single User)

TallyPrime Gold aims several users for multiple PCs using a local area network. Gold and silver editions are in the same in features and functions expect that many users can work at the same time in Tally Gold.

TallyPrime Silver is for a single user. This edition comes with all the features and skills of Tally. ERP 9. It also involves services like remote access. Both versions have same functions but only runs on a single single.

What’s’ new in TallyPrime 5.1

• Automatically updates distance value
• Ensures accurate records without manual edits
• Saves time and eliminates data discrepancies

VAT in Tally ERP

The built in tools of Tally ERP can efficiently manage and compute VAT, which is tax imposed on the increases in value of goods and services at every stage of production or distribution.

Tally Prime 5.1 serves at its best without interrupting the business. It’s a powerful tool that addresses the evolving needs of modern accounting professionals.

Just a call away –

With over 15+ years of experience as a reliable Tally Solutions partner, our team experts at penieltech in UAE, Oman and India is well versed in Tally Prime and can provide the best solutions for implementation, troubleshooting and advanced features by upgrading your business operations.

At penieltech – No.1 Complete Accounting Software; we are the only Tally Gold partner in UAE and MENA region with expertise in customizing 3,000+ modules to various business requirements, helps easily integrate with CRM for better efficiency and access tally remotely anytime and from anywhere.

Don’t let the outdated systems hold you back, Unlock the power of Tally 5.1 today by give us a call at +971 4 239 8571.

FAQs

What is TallyPrime?

Tally Prime is a business management software that takes care of your accounting sales, purchase, receivables, payables tracking, inventory management, inventory tracking, bank transactions etc.

Is Tally used in Dubai?

Yes, Tally is used widely in Dubai and across other emirates in UAE by various companies and organizations.

In which field is TallyPrime used?

TallyPrime is used for all types of accounting fields. But mainly used in trading companies.

Does Tally support VAT in UAE?

Yes, Tally supports VAT as per the guidelines and rules of UAE.

What are the main features of Tally?

Tally ERP 9 stands for Tally Enterprise Resource Planning 9.