Release Notes for TallyPrime 6.1

Release Notes for TallyPrime and TallyPrime Edit Log Release 6.0 | What’s New!

Launched with TallyPrime 6.1, the Invoice Management System (IMS) streamlines ITC tracking with features like GSTR-2B recomputation, action status updates, consolidated invoice views, and IMS-ITC Summary.
You also receive a number of wonderful products in addition to IMS, like better bank reconciliation, GST enhancements, MSME form changes, and a full Edit Log Summary. 

Stay on Top of Your ITC with IMS

TallyPrime's IMS gives you total control over your ITC. Within your normal accounting flow, you can confidently define statuses, file taxes, and reconcile invoices with the help of clear reports and action-based procedures. 

Easy invoice review: View supplier invoices in a thorough IMS Inward Supplies report () according to the GST portal. Indicate which invoices are missing, mismatched, and matched.

Set Action Status: Depending on the reconciliation, mark bills as Accepted, Rejected, Pending, or No Action. Make sure that GSTR-2B and GSTR-3B only take into account legitimate ITC.

ITC tracking without concern: To obtain a combined view of your Available, Pending, and Rejected ITC, use IMS – ITC Summary(). Prior to filing returns, make data-driven judgments.

Recalculate GSTR-2B with a single click: Using the actions specified in IMS, view the most recent ITC in GSTR-2B(). Make sure you have the most recent and accurate GSTR-3B filing.

Add a note to ensure audits are clear: For easy tracking or future reference, make notes on your invoices. Examine these comments in various reports, then export them to Excel for auditing or review.

Comprehensive Edit Log Summary

The Edit Log Summary gives you a comprehensive view of all the modifications made to your vouchers and masters.

All Inclusive Summery : For modified, unaltered, and erased vouchers () and masters (), keep track of the numbers and versions.
Ease to navigation: To find out what has changed between versions, start with the general overview and work your way down to specific vouchers and masters.
Flexiable filters: You can filter reports by users, version period, or activity type. You can also choose to display all or just the modified data, as well as switch between configured and all versions.

Tracking users and activities : You can observe who performed what modifications to vouchers and masters when security is enabled. 

Enhanced MSME Experience

Updated MSME Form 1: TallyPrime now offers supplier-wise summaries for the updated MSME Form 1 Annexure ().

Details of the PAN and bill: View your MSME parties' PAN information () and the bills that have been paid and those that are still pending within 45 days.

Simple setup: View supplier summaries, add filters, and customize the report to satisfy compliance and internal audit requirements.

Smooth export and upload: Easily upload the file to the MCA portal by exporting data straight into the Excel template.

Banking Enhancements

Convenient split: Opening BRS will now show all of the unreconciled transactions in the split firm.

Bank Reconciliation Made Easier by Hand

Add transactions that have been manually reconciled.
View the most recent values for the transactions that were reconciled within the next period.

Improved Bank Reconciliation Experience

The Find Match and Modify Match panels present the potential match setup.
View the Bank Date even for the book transactions that have been reconciled by linking in the Reconciled report.

Reverse File for Payment

You can import the Payment Reverse File into TallyPrime from any location.
A thorough breakdown based on Payment Status is now included in the Import Summary.

Smooth sync: During synchronization, override the destination company's manual transaction status.

GST Enhancements

Simpler reconciliation: Even if the taxable amount differs between the information in your books and the portal, reconcile GST transactions.
Improved GSTR-1 submission: Use CSV (.csv) and MS Excel (.xlsx) files to upload GSTR-1 data offline. For offline filing, this offers more convenience and flexibility.

Improvements in accordance with IMS

Section for Rejected Invoices: In GSTR-2B, view the invoices that were rejected in IMS Inward Supplies in a different section. You can inspect these transactions at any time, but they are not included in the ITC or return file.

IMS auto-reconciliation: You may now activate IMS auto-reconciliation under Company GST Details. The reconciled vouchers will be immediately marked as accepted in IMS Inward Supplies as a result.