Tally is one of the pioneers in the field of business accounting, we can say Tally has created its monopoly in the accounting software industry. But this did not happen by chance. Tally has put years of experience and continuous efforts to make their product perfect day to day.
Tally has created a dependency for businesses for their accounting needs and to fulfill them Tally introduced new innovations over the period of time in terms of software services. Web Reports, Data Synchronisation, Remote Access, E-waybill, etc are a few of them. These are called Tally Software Services, there are also known as TSS.
These services are not free to use, you have to pay a yearly subscription fee for it which is called Tally renewal or TSS renewal.
So to continue to use these services we need to renew our Tally yearly.
Today we are going to discuss what comes with renewal and what we missed if we don’t renew our Tally.
Tally software is a combination of Tally software itself and a bunch of value-added services known as Tally software services.
When we buy a New Tally license, it comes with a lifetime use license for the software and a yearly license for its value-added services. These value-added services are called Tally software services[TSS].
As per the software license, we are allowed to use software for a lifetime without any restrictions, but we have to pay for the use of added services. That means if you don’t want the added services, we can use Tally software for a lifetime without any renewal.
If you can manage your business without these services then you don’t have a need to renew it, but most of us are dependent on these services, so we can’t think about Tally without these services.
After talking a lot about Tally software and renewal, let me explain what are the benefits of Tally renewal.
Tally Renewal Benefits
Tally renewal gives us access to value-added services which we are going to explain one by one below.
Stay Updated
Tally always works to enhance the software performance and adds new features to stay ahead of the competition in its latest release. These Tally’s latest released versions are only available for active TSS license users only.
So if you need the latest Tally version then get your Tally renewed today.
E-way Bill and E-invoice
If you are into a product-based business, where goods are transferred from one state to another state then an e-way bill is a must for you. You can’t even think about business without an e-way bill.
I know you can generate e-way bills using third-party resources. But when you have the option to make it with a single click why not save time and extra effort with Tally?
So need an e-way bill with a click to get your Tally renewal today.
Web Reports
Tally web reports are a useful service. You can access your business data reports on the go on your mobile even without installing any extra app. It can be accessed from the mobile browser directly.
With the help of the web, reports feature you can share invoices and ledger with your clients via WhatsApp and email which is a very useful feature for a business owner to recover their outstanding payments. You can also monitor your outstanding in real-time and follow them accordingly.
We know you will find a better option in the market as a third-party tool to get more of what the Tally web report offers. But web report is an inbuilt service that does not demand any extra configuration. Whereas third-party tools cost you extra money and need to configure them also.
If you still don’t want to use web reports, you can contact us for third-party tools. We can provide you with a discounted price.
Remote Access
Remote access is the feature used to access Tally data from another computer. You can access your Tally data from anywhere without any destruction and additional cost.
You can give access to your staff with access rights, who are working from different locations such as factories, warehouses or work from home. You can share access with your CA to access your tally data in real time.
Data Synchronisation
Data synchronisation helps in synchronising Tally data from all locations like your branch office, factory and warehouse to your head office.
Tally set up a client-server environment for data synchronisation. Data can be synced from client to server and vice versa.
It helps to generate consolidated data reports across different locations without connecting to each other.
Email Feature
With the help of an email feature, you can now send bills to your party directly from Tally. You can even send an auto email for a sale voucher.
You can send an outstanding statement to your client. An outstanding reminder and confirmation of accounts email are also possible with the Tally email feature.
Bank Reconciliation
Tally Prime has one of the key features called the bank reconciliation feature, which plays a crucial role in ensuring the accuracy and integrity of financial records. Bank reconciliation is an essential process for any organization, as it helps in identifying discrepancies between the bank statement and the company’s books.
To continue the use of this feature you must have an active license of the Tally.
Updated with Tax Law
Every business is bound to follow some tax rules and laws made by the Central Government and state government. These rules change from time to time and state to state. Staying up to date with the tax law is a hectic task.
But an active Tally TSS license makes it easy and helps you to stay up to date with your business with the latest tax laws.
Conclusion
As per the above-detailed discussion about Tally benefits we have tried to give the best of our knowledge. Now it’s up to you, you have to decide whether you have use of these services or not.
If you feel you can manage your business without Tally software services then you can use Tally software for life without any restriction.
Staying up-to-date in business is today’s demand business. Please share your feedback about what you think about it.
FAQ’s
Is Tally renewal necessary?
Absolutely not, you can access your Tally without value-added services as long as you want.
What happens if I don’t renew Tally?
Tally will work as it is. But you will not receive any new updates and not be able to use value-added services like e-way bill, data synchronisation, remote access, etc.
What is the benefit of TSS renewal in Tally?
With TSS renewal you can stay up to date with all the latest features and latest releases of Tally software along with all the value-added services Tally has provided.
What is the Tally renewal fee?
For Tally single user[silver], the renewal will cost Rs 4248 Indian rupee and for the multi-user Tally [Gold], the renewal will be 3 times of a single user, which means you have to pay Rs 12744 Indian rupee.
