Other Enhancements of Tally.ERP 9 Series A Release 1.61

Functional Enhancements

For parties without PAN details, TDS deduction @ 20%
In case of TDS eligible payments Finance Act (2) of 2009 makes PAN compulsory , failing which tax should be deducted at the higher rate i.e. 20% effective from 1st April 2010. For deductees who have not produced PAN to the Deductor, Provision to Deduct TDS @ 20% (w.e.f. 1-4-2010) is now available.

VAT
Quick Setup displayed in Tax Ledger Setup screen for the following:

• Regular VAT enabled Company, with the Type of Tax - Cess on VAT is introduced as a Method of Calculation for selecting the same in States where Cess is charged on sales and purchases.

• Composite VAT enabled Company, the Type of Tax - Displaying VAT Composition in Type of Duty/Tax list in the Tax Ledger Setup.

In Voucher Type Setup section of Quick Setup, the options - F8 is for Sales and F7 to Activate Adjustment Flags in Journal are provided for easy access and configuration of the user.

The option Used in VAT Returns in case of Composite VAT enabled company, will be displayed in ledger masters grouped under Indirect Expenses or Indirect Incomes to facilitate selection of VAT or Tax Class in the ledger creation or alteration mode.

Accounting Vouchers

• The Buyer is replaced by Customer if company has been created where Country details is set as International, then while printing Invoices the applicable change will be made.

• Now the Item Part No is printed in a separate column while printing Invoices by enabling the option 'Print Part No' in F12 Print Configuration.
  

Auditors’ Edition

Statutory Audit
Auditing

• Under Forex Transactions an additional option 'Show Bill wise details' has also been provided in the Forex Vouchers report. It will help the Auditor to view the complete information of the related Forex Vouchers.

• Related Party Transactions – To display the Bill Wise and On Account transaction Ledger details, vouchers report has been modified for better clarity and to form the opinion.

• When the options 'Show Audit Status' and 'Show Audit Note' are set to No at Configuration( F12 )under Verification of Vouchers the Enter Key is inactivated in all the drill down reports.

• When more than one Party and more than one Currency are involved, the Forex Vouchers report has been enhanced to display the Vouchers in detailed mode to show all parties and exchange rates used by default.
  

• The Grand Total for all the Transactions are also displayed in the reports. In the Employee Vouchers screen from Salary or Wages Payments report, F2 i.e Period button has been provided in order to display the Payroll Vouchers for the selected Employee, for a selected period.

• During the remote access performance has been improved for all the reports available under Verification of Vouchers .

Financial Statements

• The Debit & Credit amount column will be printed in single column while printing Schedule Summary of Financial Statement (Schedule-VI Balance Sheet and Profit & Loss A/c).

• The Company Name will not be printed in the Amount column while printing the drill down reports from Financial Statements (Schedule-VI Balance Sheet and Profit & Loss A/c)

TDL Enhancements

Reducing Table Search Enhancement

• Previously it was only possible to search the items in a table based on text which was matched from the starting characters of the item names and search was restricted to the first column of the table only but now it has been enhanced to Reducing Table Search.

It allows the user to narrow down the table and select item based on search criteria. The search text is matched with all part of the item names and also applies to all columns of the table.

Using the above capability the users have been delivered this product with the functionality of applying the above search technique to all the tables available in the default product. This functions availability while working will be of course found only if the configurations is properly set.