Difference Between Tally Prime and Tally ERP 9 (2024)

As one of the best business management software, Tally has been used by business owners, accountants, and other Tally users for over three decades. During these years, Tally has ensured to deliver optimal performance by releasing various versions of Tally that bring major innovations and improvements. So, with the new version – Tally Prime – Tally aims to transform various business operations, giving you greater flexibility and efficiency.

What is Tally Prime?

The all-new Tally Prime is a better and smarter version of Tally ERP 9. While it retains the simplicity of Tally ERP 9 software, it offers more advanced features to help you improve your operations, different dynamics, leading to more transparent and more productive workflows.

As a business management and accounting software, it provides comprehensive business solutions for small, medium and large businesses to manage their growing needs. This is a perfect ERP application and is GST ready.

Features and Benefits of Tally Prime

The list of features offered by Tally Prime is extensive.
For this read, let’s take a look at the key features of Tally Prime along with their many benefits.

• Simplified interface

Tally Prime’s intuitive and user-friendly interface makes it easy to use and manage. You can set it up in minutes and get started right away. Tally Prime’s intuitive interface allows users to navigate software maps, menus, charts, and icons. So you can easily manage your financial data and accounting processes accurately. With all the easy-to-use features available, there is no need for businesses to train their employees to become familiar with Tally Prime software.

• GoTo and SwitchTo Features

GoTo Features is a powerful search bar that gives you information about available products and shows you each how the product can help you. On the other hand, the SwitchTo feature allows you to multitask. So you can easily switch from one report to another while performing your previous actions.

• Access Business Data Online

Wherever you are, you can easily access your business data and view business reports online from your web browser using the latest Tally Prime software.

• Secured data

Tally Prime always protects your data. It provides features such as multi-user access control and feature-based security, ensuring that you can limit access to data within your organization if needed. It also provides server level backup and restore option with permission.

• E-invoices with “QR Codes”

As part of Tally Prime version 1.1, you can now generate e-invoices in real time or in bulk at regular intervals with this new feature. It allows you to print IRN and QR codes on invoices. It also gives you the option to manage e-way bills in offline mode.

• Electronic payments

Contact your relationship banking manager to enable bulk downloads for your account. Once activated, you can activate electronic payments in Tally Prime for the respective bank. Currently, Tally Prime supports electronic payments for DBS, Standard Chartered Bank (India and UAE), Kotak, YES Bank, ICICI, Tokyo & Mitsubishi (India), HDFC, Bank of Baroda and Citi Bank.

• Invoicing and Accounting

Tally Prime allows you to create and save invoices in seconds and offers a range of features such as sales and purchasing management, price levels, multi-currency options and more again.

• GST/Tax

With Tally Prime’s ‘Prevent-Detect-Fix’ technology, you can always create and submit accurate tax returns. It allows you to automatically generate different types of GST invoices – bill of materials, tax invoice. It also helps you manage TDS, TCS and statutory payroll.

• Insightful Business Reports

In addition to providing you with 400+ business reports with insights, Tally Prime also allows you to view and edit various report parameters with just one click.

• Inventory Management

Tally Prime Inventory management includes inventory pricing, expiration dates and shipments, inventory management and more. It also provides inventory reports, making it a very flexible system.

• Remote Data Access

Tally Prime provides employees with easy access to financial data from the comfort of their home using a single user ID and password. Remote access within the platform allows you to access data and files anytime, anywhere.

Enroll For Tally Course – Download Entri App!

Advanced Features

Tally Prime and Tally ERP 9 have advanced features and benefits for effective management of financial and accounting activities. However, each of these platforms has unique features that the others do not have.

Advanced Tally Prime features not available in Tally ERP 9 include:

Inventory management features to track and manage inventory more transparently and reduce the risk of overstock or understock.

GST compliance feature allows businesses to comply with GST regulations. Multi-Device Data Sync allows users to get financial and accounting data from any device on their hotspot.

Improved Performance:

The Tally Prime platform is designed as a faster and more efficient alternative to Tally ERP 9 for smooth counting performance. This will allow users to be consistent in their operations, experience less human error, and increase business productivity. Because the platform has unlimited capacity and scalability, devices will run smoothly without software crashes or slowdowns.

Cloud Integration:

Users can perform cloud integration with Tally Prime, allowing them to access their financial data from anywhere on any internet-connected smart device. Businesses can work more effectively in managing their finances and accounting regardless of time and location. This will help businesses rely less on physical storage devices and reduce any risk of data loss. Businesses that want more flexibility in data storage, remote access, and scalability will benefit from an accounting software solution.

Regular updates:

The best part of Tally Prime is having access to new features and improvements with every software update. It ensures that businesses have direct access to the latest technology features and integrations to make work more efficient and productive.

Additionally, regular updates allow users to access software with features and functionality that comply with ever-evolving tax laws and regulations. As the business sector becomes increasingly competitive, using updated Tally Prime software will help businesses stay proficient and productive.

Key differences between Tally ERP 9 and Tally Prime

There are many small differences between Tally ERP 9 and Tally Prime in terms of navigation, display, and keyboard shortcuts. However, the main difference is at the implementation level.

Tally ERP 9 is server-based accounting software and it can only be used in systems located inside premises using the same network.

Tally Prime is more flexible and scalable than Tally ERP 9, allowing for cloud-based deployment.

Tally Prime can be accessed remotely and this is the most significant difference between Tally ERP 9 and tally Prime.

Navigational Differences Between Tally Prime and Tally ERP 9

Enroll For Tally Course – Download Entri App!

Display Differences in Tally Prime vs Tally ERP 9

Shortcut Key Differences in Tally ERP 9 vs Tally Prime

How to migrate to Tally Prime from Tally ERP 9

Follow these steps to upgrade to Tally Prime from Tally ERP 9.

Step 1: To get started, open the Tally ERP 9 program.
Step 2: Find the company you want to move to, Tally Excellent. Remember the 5-digit file number.
Step 3: Now it’s time to access the Tally ERP 9 information folder on your computer. Next, navigate to the data folder and find the file we obtained in step 2. Copy the file now.
Step 4: Copy the document and paste it into the Tally Prime data folder.
Step 5: Launch Tally Prime and select the Business option. The company information you entered in step 4 will appear here.
Step 6: Options – Move requests related to the Company you pasted into Tally Prime will appear. To start the process, select a company.
Step 7: In the dialog box, you will see two alternatives: one for “Configuration” (which allows you to back up your data before migrating) and one for “Migration”. Select “Move” from the drop-down menu. If you haven’t backed up yet, go to Configuration options and select a backup path. The transfer will begin when the backup is complete.
Step 8: Open the trial balance summary and review current obligations and other statistics to complete the process. Also compare it with your Tally ERP 9 data.

Enroll For Tally Course – Download Entri App!

Advantages of Tally Prime

Tally Prime is the newest product from Tally Solutions. Tally Prime is currently the most convenient accounting software available in India. Here are some of the benefits of using Tally Prime.

• With faster navigation and keyboard shortcuts, accounting, auditing, and data entry activities are accelerated.
• You can easily modify data entry fields to save time.
• For easier navigation, make it mouse-friendly.
• Improved invoice printing options.
• Multitasking is possible through a single window.

Advantages of Tally ERP 9

Tally ERP 9 was chosen by accountants and company owners for a variety of reasons:

• All-in-one ERP software
• The UI is straightforward and intuitive to use.
• GST is ready to file and prepare. GSTR 1, GSTR 2, and GSTR 3 are three different types of tax returns.
• Bank reconciliations are simple.
• Ensures simple auditing with customised filtering and sorting capabilities in the stock control register for tracking and managing stock.

Disadvantages of Tally ERP 9

Tally ERP 9 is one of the best ERP systems available; however, it is not perfect. Tally ERP 9 has some disadvantages.

• One-stop shop does not allow multitasking.
• Data entry is made more difficult by keyboard navigation.
• When creating a ledger or general ledger, data fields cannot be edited.
• There is no way to edit a line during invoice/voucher creation.

Disadvantages of Tally prime

Tally prime has several significant drawbacks.

• The server deployment does not support Mac OS, and it is somewhat more expensive than its counterparts.
• It would have been preferable if the graphical depiction had been more accurate.

Enroll For Tally Course – Download Entri App!

Conclusion: Which One is Better, Tally ERP 9 or Tally Prime

In short, Tally Prime is a more flexible accounting solution for small and medium businesses. Tally Prime is more customizable than Tally ERP 9 because it allows users to select custom fields. In addition, Tally Prime has a better interface and simplifies the work of accountants.

As it allows users to specify custom fields, making it more customizable than Tally ERP 9. Tally Prime also offers a superior user interface that makes an accountant’s job easier. Therefore, we hope you understand the features of Tally Prime and the difference between the two.

Entri App now has startedTally Courses.Backed by experienced teams, Entri provides effective learning over a period of time to help you achieve your goal. The Entri App is a great place to start when it comes to preparing for the job you want.