Benefits of Tally Renewal – Tally TSS Benefits

Any Tally TSS benefits? What are the benefits of Tally renewal? Why should you renew your Tally Software Services? What are the benefits of Tally TNS? Will my Tally stop working if I don’t do my Tally ERP 9 renewal? These are frequently asked questions. This post is an attempt to explain all of these and provide an insight into why you should renew and the benefits of doing so.

Tally Software Services (Tally TSS)

Tally Software Services or TSS as it is popularly referred to, was earlier known as Tally Dot Net Subscription or TNS.

First thing. You should know that the Tally license that you have purchased is a lifetime license, i.e. even if you do not renew the TSS, your Tally will continue working as it is in the same version. You will lose access to many important features and will not be able to update your Tally. But the current version will continue working. That said, we will now see if the benefits of Tally renewal are significant and if the number of services you get in that amount is worth as compared to what you are paying for.

Like all other software, Tally also releases regular updates. These could be statutory updates or related to change in laws and last but not the least, technology updates.

Nearly all software sold all over, charge for product and technology upgrades. There are two most common methods of charging. One is you charge every time there is a major upgrade and two, charge a small yearly fee and provide all upgrades under that. Tally has gone with the second option.

Many users feel that they have purchased the software and now why they should further pay for upgrades? It is important to understand the Tally TSS benefits.

With TSS, users get a range of services that can be broadly classified under Tally Business Convenience Capabilities, Tally Infrastructure Capabilities, Tally Compliance Capabilities, Tally Support and Tally Product Upgrades.

Tally TSS Benefits

• Remote Access
• Data Synchronization
• Free access to all Tally product updates and upgrades including
• Statutory Updates
• Technology updates
• Banking and Payment Services
• Able to use helper button at TDS Statutory Master Creation screen
• Web Reports
• Tally Priority Support Services

Remote Access

Remote access feature is one of the most versatile features of Tally Course and is one of the most outstanding benefit of Tally renewal. A multitude of companies, regularly use it in a wide variety of ways. Some most common examples are:

• You have a single user and another person needs to access Tally in office and you do not want to make an additional investment in an additional license. Simple and Free Solution – use remote access.
• Any person on the field can access real-time product, price, stock position & customer outstanding information to quickly book orders and print invoices anywhere.
• The owner can manage cash flows, bank accounts, stock positions or manufacturing timelines sitting anywhere in the world.
• Your CA can also use audit services using Tally.NET.

It is pertinent to note: Your business data always stays locally on your computer only. Tally’s servers never store your data, even for use for remote access, web reports etc.

Data Synchronization

Data synchronization is the single most important feature for any company having multiple locations and multiple licenses. Remote access is one method used, to access Tally from multiple locations. But data sync is for efficient working. With this, you can consolidate your data from across branches in the head office without any manual intervention.

It significantly improves the decision-making process by giving complete visibility of all business locations. In minutes, you can generate consolidated reports such as Balance Sheet, P&L, and Outstanding etc. You can configure this data sync as one or two way as required. Also, you can decide what all information should be shared with the other location. If you have multiple Tally licenses this is the most important Tally TSS renewal benefit

Product Updates and Upgrades

This is the single most important benefit of Tally ERP 9 renewal for all users. Tally regularly releases new product updates and upgrades. Mainly these updates can be classified as Statutory updates and Technology updates. Regular product updates ensure that your Tally caters to your ever-changing business requirements. Many times, updates are released within 15 days of each other

Statutory Updates

As and when the government deems it fit, it changes the applicable laws of the country. Earlier you used to have changes in VAT, Excise etc. whereas nowadays you have changes in GST and e-way bill. These changes have to be accommodated in the prevalent software for which an update is required. Changes to e-way bill format as well as its rules have taken place on a near regular basis. Tally, today provides complete compliance for GST, VAT, Service Tax, TDS and Excise with ease of use, up to date statutory compliance and a very simplified e-filing process.

For all such changes, Tally comes up with a new release. So, the next time, you see a new release of Tally, there is a high probability some something has changed in some law and which needs an update.

Technology updates

As earlier mentioned, your Tally licence is permanent. But technologies change very fast and software must keep up with it. You do not use Windows 95 or Windows 2000 anymore and you also cannot use Windows 10 on a Pentium 4 processor-based computer.

It is the same with Tally. It is wrong to expect Tally 7.2 or Tally 9 to perform and fulfil all your current day requirements. Tally has also upgraded significantly over a period of time to now support newer technologies like accessing your reports on the web etc. The day is not far when you will be able to do entries on your mobile and they get saved in your office directly.

Both, Statutory and Technology updates are a part of Tally ERP 9 renewal.

Banking & Payment Experience

• Receive updates for all the latest cheque formats of banks available in your Tally to enable a smooth cheque printing experience as a benefit of Tally TNS.
• Do an automatic reconciliation your books with your bank statements in excel format. Else, you will not be able to configure your bank ledger properly for auto bank reconciliation and will have to spend time doing it manually.
• An updated list of all available banks is automatically populated while passing receipt entries, allowing you to simply select bank name.

All the above features require a valid TSS to work.

TDS Master Creation Helper Tool

To configure TDS in Tally, you need to know the various sections and percentages of TDS to be deducted. It is very easy to make a hash of it all with one mistake. Tally provides you with a helper tool in the master configuration screen. This helper tool is also a part of TSS renewal.

Tally Reports in Browser

Tally web reports are the revolutionary new feature introduced by Tally in Feb 2020. With is you can view your reports, invoices and much more on any web browser anywhere, at a client place or on vacation…just a normal internet connection along with access to a browser is needed. This can be on any device. You can read about this in more detail here. These web reports work only if your TSS is active. This, in the coming days might become one of the main benefits of Tally renewal

Priority Support Services

As an added benefit of TSS renewal, Tally provides priority support via a separate specialized help-desk to all customers with a valid TSS.

As you can see from the above points, the main benefit of Tally renewal is that it ensures that your business will always remain up to date with the latest developments in technology and statutory laws.

Internet connectivity driven functionalities such as continuous upgrades & updates, central consolidation of branch data, ability to access your Tally from anywhere and much more, enhance your business performance by leaps and bounds.

In conclusion, Tally TSS or TNS is an annual subscription for a range of services that has many benefits and adds significant value to your Tally by providing many additional features that significantly improve working efficiency. Though not compulsory, it is strongly recommended that you always keep your subscription valid as the Tally TSS benefits are much more than the amount charged.