Cloud-based Tally Software

All you have to know about Cloud-based Tally Software!

All you have to know about Cloud-based Tally Software!

Tally Accounting software has been used by many businesses today. It has made
business and accounting processes simpler than ever! Tally software handles your
business’s accounting and tax management, inventory management, purchase
management, sales management, invoicing, payroll, etc.

Cloud-based Tally Software

With technology playing a vital role, businesses should derive tech-savvy solutions that
yield more benefits for better functioning. Cloud technology has been one of the
extensive technology solutions for businesses. It has facilitated organizations with easy
solutions for storage, networking, and remote access and developed virtual locations at
ease.

Let’s take a look at the top 7 reasons why you need to use Tally on a cloud server:

  1. Access from Anywhere: Tally hosted in secured Data Centers can be accessed
    anytime, anywhere.
  2. Any Device: Tally on the cloud comes with RDP (Remote Desk) protocol and you can access it using any device OS – Windows, Mac, Linux, and iOS devices.
  3. Say goodbye to local hardware: You don’t have to worry about system updates, failures, maintenance, etc. No matter what, your Tally Data on the cloud will always be stored and available for you.
  4. Super secured: Your data will be safe and secure with security measures in place to keep your critical data safe from all threats and malicious files.
  5. Own your data: You will be entitled to own the data hosted in your Tally on Cloud with XcellHost Cloud. No one can access your confidential data other than you.
  6. Local Printing: Tally Cloud allows you to print hard copies of your data from your printer.
  7. No CapEx: No physical assets are needed! You can now save your capital expenditure for more important aspects of your business.

Both TallyPrime and Tally ERP types of software have cloud-based features. Let’s take
a look at the features of Tally on the cloud:

Secure Infrastructure and Accessibility

Being ISO 270001 certified with Multi-tier security infrastructure, Tally on cloud hosts in
tier 4 Datacenters. Your Tally Data is safe and secured with our server as we assure you
that your tally account is accessible only to authorized users. It supports all versions of

The tally from Tally erp6x to Tallyerp 9 and TallyPrime is also accessible from any
device be it a laptop, PC, iOS device, and even mobile phone.

Automated Backups along with real-time syncing

Tally on Cloud assists you with fully customizable automated backups at regular
intervals and also maintains real-time syncing of all the entries and transactions
recorded from different locations.

Virtual Firewall

Next-generation firewalls combine application awareness and deep packet inspection
to give organizations more control over applications while also detecting and blocking
malicious threats.

Endpoint & Multi-layer Security

Tally on the cloud allows you to block cyber threats before they compromise your system
through its traffic filtering capability. Also, with cloud EDR you can prevent ransomware
attacks and threats that are estimated. You are also availed of encrypted backups at
regular intervals. With an enhanced anti-DDoS solution & multiple ISO/IEC
certifications, we cover every aspect of security and business continuity.

Best performance with 99% up-time SLA

Tally on Cloud provides close to 99% up-time SLA which ensures the smooth functioning
of your tally account when used in different locations. We guarantee that all critical
infrastructure components will be available 100% of the time in a given month,
excluding scheduled maintenance.

Protected VPN

Tally on the cloud allows remote users to access Web applications, client-server apps, and
internal network utilities. IPsec security method is used to create an encrypted tunnel
from one customer network to the remote site of the customer.

With these features, Tally on Cloud comes with amazing benefits that supersede itself
Tally on-premises. cloud solutions like Tally on the cloud could turn out to be a major players in today’s business functions. Tally on cloud prices is reasonable with these

efficient features it offers, being a game changer for your organization’s practices.
Let’s take a look at how Tally on Cloud can boost your business spectrum:

  • You can centralize the data and your business operation without the need for synchronization.
  • Get rid of slow performance, data corruption, data rewrite, malicious threats, etc
    without any stress or tension.
  • Every three hours, your data will be backed up automatically.
  • You can use your own configurations or customization files.
  • The data that you upload will be under your control. You can upload and
    download it whenever you want.
  • You can also create and maintain unlimited companies and users in Tally.
  • You can export any tally report to your local hard disk anytime, anywhere.

Start using Tally on the cloud from today and get its universal benefits for better
productivity and functioning of your business!

Start today. Start Now.

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Tally ERP 9 to TallyPrime

Tally ERP 9 to TallyPrime

Tally ERP 9 to TallyPrime – Upgrade to better functioning!

Are you using Tally software or beginning to think of using it for your Business Accounting practices? Then this blog is just for you! Tally software has upgraded its features from Tally ERP9 to TallyPrime – a much more powerful business management software with advanced features and accounting, inventory, banking, taxation, and payroll with remote access capabilities. For beginners who are thinking to start using Tally software for their business, here’s a brief introduction to Tally software and how it’s efficient for your organization.

Tally ERP 9 to TallyPrime

Tally accounting software provides a complete solution to all the problems that real businesses have to encounter. It is designed to simplify complexities and manage the day-to-day activities associated with an organization. It provides the best usability interface for inventory management, outsourcing payroll, stock management, invoicing, purchase order management, discounting, stock valuation methodology, etc. When using Tally, you can track every transaction detail and maintain an accurate classification of accounting details. You will be able to manage finances from any part of the world using its respective currency hassle-free. Thus, Tally software is flexible, affordable, reliable, secure, and easy to use.

One of the popular versions of Tally software is Tally ERP9, used by various business owners across the globe. Some of the critical features of Tally ERP9 are,

  1. It is also called multi-lingual software as it supports multi-languages for users. All of your accounts can be maintained in one language and reports can be viewed in another language as per your
  2. You can create and maintain accounts for up to 99,999
  3. With the payroll feature, you can automate employee records
  4. You can generate consolidated financial statements as per the needs of your

And many more!

With the recent update in the Tally ERP 9 software, the introduction of TallyPrime to the business world has created a huge impact on the user experience, adaptability aspects, and functioning. Let’s take a look at the difference in features between Tally ERP 9 and TallyPrime software to help you choose the best for your practices.

 

Tally ERP 9

TallyPíime
You can view reports with only menu based navigation option You can navigate to any report from any screen using ‘Go to’’, which acts as a powerful tool to search and discover
Switching modes might be time-consuming You can slice and dice your reports and look at them the way you want using the ‘Change Mode’ and ‘Basis of Value’ option
You can view the exceptional details for pre-defined reports available under the ‘Exception reports’ section You can view reports in TallyPrime under the option of ‘Exception Reports’ which highlights the details that stand out
The Flow-based data entry system will enable you to run through every field to update occasional details related to Ledger/Stock Item, etc. ‘More Details’ in TallyPrime makes it easy to update the occasional details without disturbing your regular flow of data entry
You can Copy Paste using: Ctrl + Alt + C & Ctrl + Alt + V You can Copy and Paste either using:

Ctrl + Alt + C & Ctrl + Alt + V or using Ctrl + C & Ctrl + V
You can renew your license by

Go to Gateway of Tally > F12: Configure > Licensing > Renew TSS

 You can renew your license by

Press F1 (Help) > Settings > License > Manage License
You need to open multiple instances of Tally ERP 9 to multi-task You can multitask without opening multiple instances without losing or stuck in between any progress

 

With these specific features under tally ERP9 and TallyPrime, you get to choose which type of software would suffice with the right benefits as per your requirements and your company functions.

We all know that most businesses today want to leverage cloud accounting or computing space that facilitates access to data and applications on the go. With this in mind, TallyPrime software also indulges cloud accounting and can be accessed anywhere using client applications too.

Take a look at the benefits of TallyPrime on the cloud.

TallyPíime on Cloud – Benefits

  1. Remote Access – You can enable remote access of TallyPrime 24/7, from anywhere with a computer or any device using
  2. No Dependency – There’s no dependency on location, or time, or You can access or work on TallyPrime at any time.
  3. Centíalize the Data – Centralize the data and your business operations without the need for
  4. Tally peífoímance – The performance will be improved more than ’
  5. Risk Management – Get rid of risks like computer crashes and system
By Team 0 Comments
5 Things To Know About Corporate Tax UAE

5 Things To Know About Corporate Tax UAE

UAE Corporate Tax Defined

Corporate tax in UAE is a federal tax imposed on the profits earned by companies operating in the country. The tax is currently set at a rate of 5% on the taxable profits of companies, with some exceptions for certain industries and government-owned companies.

5 Things To Know About Corporate Tax UAE

Companies that are required to pay corporate tax in UAE include those that are tax residents in the country, meaning they are either incorporated in UAE or have their management and control based in the country. Non-resident companies may also be subject to tax if they have a permanent establishment in the country.

The taxable profits of a company are calculated by deducting allowable expenses and losses from its gross income. The allowable expenses include items such as salaries, rent, and depreciation, while the allowable losses may include bad debts and inventory write-downs.

Companies that are liable to pay corporate tax in UAE must register for tax, obtain a Tax Registration Number (TRN), and file their tax returns annually. Failure to comply with tax regulations can result in penalties and fines.

It is important for companies operating in UAE to seek professional advice to ensure compliance with tax laws and to properly manage their tax liabilities.

Registration for UAE corporate tax

Companies that are required to register for corporate tax in UAE should follow these steps:

  1. Obtain a Tax Registration Number (TRN): Companies that are liable to pay corporate tax in UAE must first obtain a TRN. The application can be submitted through the Federal Tax Authority (FTA) website, and the TRN is typically issued within a few days.
  2. Register for tax: Once the TRN is obtained, the company must register for tax with the FTA. The registration process can be completed online through the FTA’s e-services portal.
  3. Maintain records: Companies must maintain records of their financial transactions and tax-related documents for a period of at least 5 years. The records should be accurate, complete, and in compliance with the tax regulations in UAE.
  4. Submit tax returns: Companies must submit their tax returns annually through the FTA’s e-services portal. The tax returns should be filed within 4 months from the end of the financial year.
  5. Pay tax: Companies must pay their corporate tax liabilities within 30 days from the date of the tax assessment. The payment can be made online through the FTA’s e-services portal or through other designated channels.

It is important to note that failure to register for corporate tax or comply with the tax regulations in UAE can result in penalties and fines. Companies should seek professional advice to ensure compliance with the tax laws in UAE.

5 Things To Know About Corporate Tax UAE

  1. Tax system: UAE has a federal tax system, where each Emirate is responsible for implementing its own taxation policies. However, in 2017, the UAE introduced a federal corporate tax of 5% on the profits of all companies operating in the country, with some exceptions.
  2. Exceptions: The federal corporate tax in UAE does not apply to companies engaged in certain activities such as oil and gas production, and companies that are at least 51% owned by the federal or local government.
  3. Tax residency: In order to determine the tax liability of a company in UAE, the concept of tax residency is used. A company is considered tax resident in UAE if it has been incorporated in the country or if its management and control are based in the country.
  4. Tax returns: Companies in UAE are required to file their tax returns annually, even if they have not generated any profits in the country. The tax returns should be filed within 4 months from the end of the financial year.
  5. Penalties: Failure to comply with the tax regulations in UAE can result in penalties and fines. For example, failure to file tax returns on time can result in a penalty of AED 1,000 for the first month, followed by AED 100 for each subsequent day of delay. Additionally, intentional tax evasion can result in a penalty of up to AED 50,000 and imprisonment for up to five years.

Faq’s:

Q: Which companies are exempt from corporate tax in UAE?

A: Companies engaged in certain activities such as oil and gas production, and companies that are at least 51% owned by the federal or local government are exempt from corporate tax in UAE.

Q: How is a corporate tax in UAE calculated?

A: Corporate tax in UAE is calculated on the taxable profits of a company, which is determined by deducting allowable expenses and losses from its gross income. The tax rate is currently set at 5%.

Q: When are corporate tax returns due in UAE?

A: Corporate tax returns in UAE must be filed annually within 4 months from the end of the financial year.

Q: What are the penalties for non-compliance with corporate tax regulations in UAE?

A: Non-compliance with corporate tax regulations in UAE can result in penalties and fines. For example, failure to file tax returns on time can result in a penalty of AED 1,000 for the first month, followed by AED 100 for each subsequent day of delay. Intentional tax evasion can result in a penalty of up to AED 50,000 and imprisonment for up to five years.

Q: Can companies offset losses against their tax liability in UAE?

A: Yes, companies in UAE can offset their losses against their taxable profits for up to 5 years, subject to certain conditions and limitations.

 

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Tally Prime

Equip your Business game with Tally’s Latest version – Tally Prime!

Equip your Business game with Tally’s Latest version – Tally Prime!

Tally Prime

Are you still using the old version of Tally software for your organization’s accounting and financial management needs? Then, you should switch to TallyPrime, the latest business management software solution with much more advanced features that enables you to drive your business performance at its best, effortlessly.

TallyPrime is the upgraded version of Tally ERP9 software that aids in the management of Tally features of inventory, accounting, payroll, bank transactions, statutory compliance, and other functions. This software benefits your organization by providing smooth running of operations and effective decision-making to enhance your business practices.

Why TallyPrime?

The key objective of TallyPrime is to offer up-to-date and cutting-edge software that supports users to boost their experience in systemizing copious processes comprising all the main functions that your business has to take charge of.

TallyPrime gives you,

  • A better User Interface with better functioning and appearance
  • Simple and seamless management of complex transactions
  • Secured connected services
  • Instant report generation with improved detailing in Tally reports
  • Improved Data Security
  • Enhanced Navigation mechanism for better user experience
  • Using TallyPrime on Cloud over Tally ERP, you get a more flexible and future-equipped solution to your practice.

What are the features of TallyPrime?

VAT-enabled TallyPrime

 With the simplicity and ease of Tally ERP9, TallyPrime facilitates boosting the productivity of the processes deriving efficient and quicker results. Using this software you can grow your business practices without any sudden pullovers. The software works according to your business model and provides the right solution to your concerns. You can create professional-looking VAT-compliant invoices within seconds. All the VAT entries that you enter can be adjusted and recorded in a breeze.

Robust Inventory Management

Whether you follow different sales or purchase cycles from different parties or one party or, want to follow a complete order of purchase/sales cycles and create payment/receipt, TallyPrime is the right software for you. It is designed to give you overall flexibility to choose different sales and purchase processes and keeps your data and records up to date.

Dynamic Invoicing & Accounting

The features of TallyPrime make the process of creating and recording invoices hassle-free and simple. It adapts to your organization with optimized invoice components, a customization host, countless billing models, and other features. It’s an advanced accounting system because of its extensive feature set.

Profound Business Reports

Tally prime offers multitudinous business reports that provide powerful insights for enterprises to make the right decisions. You can segment your reports the way you like to present and organize them according to your business priorities.

Multi-currency support

With TallyPrime, you can record invoices, quotations, and orders, accept payments and receive bills in foreign currency. It also helps you to optimize your cash and credit flow and enables various billing formats to meet your company’s basics. TallyPrime’s forecast report of cash flow helps you to arrange your investments or expenditures while keeping the predicted inflow in mind. You can also set maximum credit limits based on the credibility of the customer to ensure better credit management.

Multi-Task Capabilities

TallyPrime encourages multi-tasking and helps you to handle daily interruptions without getting clustered or stuck. If you wanna record any new sales when you are already in the middle of sales invoicing or making payment entries but want to recheck the outstanding report before proceeding further, this software enables you to multitask these works. You will be able to switch between multiple instances of Tally without getting worried about losing your progress.

Benefits of Banking Utilities

TallyPrime also provides banking features and utilities to manage your banking needs efficiently. The features such as reconciling bank statements, cheque management, predefined formats, online payments, etc provokes banking to be an effortless task. You can also track and manage post-dated cheques trouble-free.

Secure & Access Data

Every business owner’s top priority is to keep the business data safe and secure. By encrypting data with Tally Vault, you can maintain the confidentiality of your data information. You can also create multiple security levels, define user-level rights and assign specific access to users concerning their roles and responsibilities.

 Why is TallyPrime better than Tally ERP9?

TallyPrime beats Tally ERP9 in being the most practical accounting software with ingenious features. The advantages you get are,

  • Save time by altering data entering fields for easy process
  • Speed up accounting, audits, and data input activities with quicker navigation and shortcuts
  • Improved invoice printing
  • Multitask activities through a single window

Don’t waste time using an outdated version of tally software with restricted features for your business. Start using TallyPrime today to upgrade and refine your organization’s practices!

Start Now! Start with us!

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TallyPrime Gold plan for your Business Management

TallyPrime Gold plan for your Business Management

TallyPrime Gold plan for your Business Management

TallyPrime Gold plan for your Business Management

Are you looking for a Tally alternative for your business to increase efficiency in
performance and growth? Then this blog is just for you! Tally Prime is the latest Tally
software with many upgraded features compared to Tally ERP9. By using this feature,
you can enhance the overall functioning of your company and simplify your business
processes with insightful reports, accurate accounting & bookkeeping, ingenious
inventory & payroll management, and more. Being an all-in-one software, TallyPrime
doesn’t require you to have any prior training on how to use it so that you can focus on
other important aspects of your business. Chaturvedi Software House LLC from Dubai,
UAE offers the best solution to your business’s financial complexities. We offer suitable
VAT-ready solutions in 4 plans according to your needs and requirements and transition
your organization’s performance in the best way possible.

The 4 plans that we offer are,

● TallyPrime Silver
● TallyPrime Gold
● Tally Server
● Support Contract

In this blog, let’s focus on one of ‘the most preferred plans – TallyPrime Gold’ by our
customers across all sectors.

Features of TallyPrime Gold

TallyPrime Gold is the perpetual license for multiple computer systems in LAN. Let’s
dive into the features of TallyPrime Gold.

Invoicing and Accounting

The TallyPrime Gold plan allows you to create and record professional-looking invoices
and tailor them according to your business requirements. It’s pioneering accounting
the software comes with multiple features like sales & purchase management, price levels,
multi-currency support, a flexible order processing system, flawless payable and
receivable management, and much more.

Simplified Interface

TallyPrime gold provides an excellent user-friendly and intuitive interface that requires
zero training to use and manage. Our top VAT-ready professionals ensure you
never find it difficult to get stuck in the process.

Ingenious Inventory & Payroll Management

Managing inventory is the key aspect for all types of businesses. TallyPrime gold plan’s
inventory management includes stock valuation, batch, and expiry date, godown
management, and more. You can organize your stock into limitless stock groups and
categories such as product type, brand size, etc., and manage multiple warehouses. We
provide insightful reports on stock aging analysis, movement analysis, record levels,
and more.
With payroll management, you can manage employee payroll efficiently, process
error-free salary records, etc.

GST/Taxation

TallyPrime gold also gives you a comprehensive GST solution that enables you to
generate GST-compliant invoices, e-bills and file accurate returns, etc and manage
TDS, TCS, and payroll statutory. With TallyPrime’s ‘Prevention-detection-correction’
technology, you can always ensure that all the records are accurate and correct.

User Management and Security

Another key aspect that every business focuses on is keeping all the data and
information safe and secure. TallyPrime software enables you to create multiple
security levels, define user-level rights, provide specific access to certain employees,
deactivate users, and more. It also offers a backup and restores option at the server
level with authorization to avoid losing important data.

Business Reports

You can access nearly 400+ insightful and customizable reports from TallyPrime
software to improvise your decision-making for your business. It also allows you to
view and modify various parameters in the reports in just one click.

Remote Access

Accessing business data all the time becomes crucial sometimes in the most wanted
situations. But with TallyPrime software, you and your employees can access business
reports online anywhere, from any device all the while keeping your data and
information safe and secure.

Multi-tasking with ease

Get the freedom of flexibility to multitask with multiple reports at ease and prioritize
according to your requirements.
Get ready to switch to TallyPrime ‘Gold’ plan from us and get exceptional support from
our talented professionals! Click here to know more about the details of TallyPrime
Gold pricing and contact us to get more insights on the features.

Grow your business with us!

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