Release Notes for TallyPrime 7.1

TallyPrime 7.1 | What’s New!

Docs by IRA – AI-Powered Invoice Processing

Convert invoices into TallyPrime entries automatically with the power of AI. Simply scan or upload your invoices, and Docs by IRA extracts the data to create accurate voucher entries—reducing manual work and saving up to 80% of processing time.

Key Benefits

✔️Scan or upload invoices instantly
✔️AI creates TallyPrime entries automatically
✔️Save up to 80% processing time
✔️Review and approve before saving
✔️Improve accuracy and reduce manual errors

Simplify your accounting with faster, smarter, and AI-driven invoice processin

Invoice Personalisation

Create professional, branded invoices that reflect your business identity. Customize invoices with your logo, watermark, addresses, signatures, and more using flexible templates in TallyPrime.

Key Features

✔️Add multiple logos, addresses, and signatures
✔️Insert watermarks for enhanced branding
✔️Replace invoice headers with custom images
✔️Create and map custom fields to existing Tally fields

Schedule III Division I – Simplified Financial Reporting

Prepare ICAI-compliant Schedule III Division I financial statements with ease using our Excel-based solution. Designed for companies with a net worth below ₹250 crore, it simplifies financial reporting while ensuring accuracy and compliance.

Key Benefits
✔️Designed for companies below ₹250 Cr net worth
✔️ Easy-to-use Excel-based tool
✔️ Simplifies Schedule III Division I reporting
✔️ ICAI-compliant financial statements

Connected Banking with ICICI Bank

Manage your banking and payments directly from TallyPrime with Connected Banking. Now with ICICI Bank support, you can make payments, view real-time bank balances, and reconcile transactions instantly—without leaving TallyPrime.

Key Benefits

✔️Now supports ICICI Bank
✔️Make direct payments from TallyPrime
✔️View real-time bank balances
✔️Instant bank reconciliation
✔️Also supports Axis Bank, SBI, and Kotak Mahindra Bank

HSN / SAC Validation

Validate HSN/SAC codes online directly within TallyPrime to ensure accurate item and ledger masters while staying GST compliant. Reduce manual errors and simplify GST return filing with real-time validation.

Key Benefits

✔️Online HSN/SAC code validation
✔️Works seamlessly within TallyPrime
✔️Accurate item & ledger masters
✔️Fewer errors during GST return filing

Additional Enhancements

Boost efficiency with smarter features in TallyPrime. Improved IMS reconciliation helps you track Input Tax Credit (ITC) in real time, while auto-wrap ensures long text is displayed clearly in reports and printouts.

Key Benefits

✔️Improved IMS reconciliation
✔️Real-time Input Tax Credit tracking
✔️Auto-wrap for long text in reports
✔️Cleaner and more readable printouts

Ready to Experience the Latest TallyPrime Features?
Upgrade today and streamline your accounting, GST compliance, and business operations with the newest TallyPrime enhancements.

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