13 September 2011

Tally.ERP9 rel.3.2 with many Audit features: How to get one.

Recently released Tally.ERP9 rel 3.2 is having many updated features for Audit. One of the main feature added is of working notes. During Audits an auditor has to take a note and write it somewhere related to masters, voucher types etc. Now Tally.ERP9 rel 3.2 has this feature.

Working Notes
If F5 of audit features if we put Enable audit feature to Yes then working notes can be taken anywhere, i.e. in accounts master, in voucher types while verification of accounts etc. More interesting things is that we can do working notes for previous years masters and can compare with the current year masters too.
In Audit and analysis dashboard of Statutory Analysis the work Note feature can be used with various tools like verification of Chart of Account , stock items, balances, pending documents etc.

Audit Working Papers
Audit working papers can be generated by the working notes entered during auditing. These working papers are of three types names company notes, Master notes and voucher notes. more over the working papers can be filtered according the the type of notes entered.

I addition to this some general and functional enhancements related to licencing, banking and excise manufacturing has also been done. You can refer to release notes for full details.

How to get Tally.ERP9 auditor's edition?
One has to follow a definite procedure to get Auditors edition of Tally. The procedure is simple. One ha to be auditor for getting Auditor's edition. A requisition form is needed to be filled on Auditor's letter head which has details related to the CA's firm his number etc. and then after that an approval is made and a sr. nos is release from Tally which is licensed for Auditing.
The best part about Auditor's version of Tally is the price. While the normal Tally. multi user version cost around 40,000/- the auditor's edition is available in just Rs. 8100/- and its a multi user version.

What's next
Just download this form for registration, get it printed on your CA firm's letter head , fill in the details with own handwriting, sign and stamp it and then scan it and send it to my email address with a subject auditor's edition request. ApniTally would get your request approved and send you the registered version via mail.

04 September 2011

Anna's effect on Tally.

Anna Hazare's effect on Tally
During past few months I was away from Tally. Infact I was away from ApniTally also. I have felt a clear relationship that when ever I am with Tally I am with ApniTally also. If I am doing some work on Tally then I am also doing something on ApniTally also. During this period India went through a very critical phase of self introspect and deep thinking and this also got effect on my writings. Where we are going? Where India's corruption is taking us?

I write about Tally and Tally is a software which keeps track of our money. It also keeps track of what our govt. collects from us as we do business, the Taxes. In my one of the recent posts I have mentioned how much taxes we are paying. And this clutter of taxes is so much that Govt is imposing taxes and then taxes on taxes in form of surcharges and still it is having deficit budget. How much taxes should be raised so that we do not have deficit budget? Is there any solution. As the complications of taxes increase so is the complicity of Tally. More and more people would need Tally for their tax work. And Tally's business would flourish more then ever.

I have no objection to Tally's flourishing business as I am also one of the beneficiary of this flourishing business. Tally is just a solution. Solutions with a simplicity. More complex things become more simply the solutions would be in the hands of people in form of Tally. But question remains the same, where this would end? Soon govt is planning GST and Tally is going to play a big role in this. I went through the interview of Bharat Goenka which says that Tally has a target of becoming $100 million company by this year end. and By 2015 $ 1 Billion company. Tally is on its way to achieve its target but how Anna's effect would leave it's impact?

Anna's Effect
Let me explain the Anna's effect. As I have earlier said where this would end. We are heading towards more and more complex system of Taxation. But I would like to draw readers attention that the corruption of the system is the root cause of all maladies. If we see way back in 1973 in Hong Kong corruption was at its height and it was way of life. Even nurses, police etc were involved in bribery. People's anger spurted and they have their Independent Commission Against Corruption (ICAC), just like what we are trying to achieve by Jan Lokpal draft. It was not achieved very easily. When youth of Hong Kong came out against this system on the streets only then this commission was set up. Now they have one of the most honest administration in the world.
The effect is that now Hong Kong has now world's lowest taxing country. This page tells us that Hong Kong has
No Sales Tax
No capital Gain Tax

Income tax is much simpler. It's lower limit is 2% and highest % is 20% .
Profit Tax maximum upto 16%

Reason is simple they don't have corruption. There is accountability, that's why they have honesty.
If this is achieved in India through Anna's movement and total transparency is achieve then we don't have to put deficit budget. All the money which is being consumed in corruption would be used for betterment of Indian's and Govt would perhaps need no money from taxation. That would be Anna's effect.

In the light of Anna's effect Tally would be changed to something more simpler. We may see some cut in options like VAT TDS etc. from Tally.

This should happen in India? Please let me know how this can be achieved.