What's New in TallyPrime 7.1

Discover powerful features designed to streamline your business

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Docs by Ira

Turn invoices automatically into TallyPrime entries with the power of AI by simply scanning or uploading them. Reduce manual effort, improve accuracy, and save up to 80% of processing time.

  • Scan or upload invoices
  • AI creates Tally entries automatically
  • Saves up to 80% processing time
  • You review before anything is saved
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Invoice Personalisation

Personalize invoices with your logo, watermark, address, terms & conditions, and more — tailored to your business needs. Access new pre-defined invoice templates with flexible customization options.

  • Add multiple logos, addresses, and signatures
  • Insert watermarks for enhanced branding
  • Replace headers with custom images
  • Create and map custom fields to existing Tally fields
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Schedule III Division I

Generate compliant financial statements for companies with net worth below ₹250 Cr using an easy-to-use Excel-based tool simplifying Schedule III Division I reporting.

  • For companies below ₹250 Cr net worth
  • Excel-based, easy to use
  • Simplifies Schedule III Division I reporting
  • ICAI-compliant
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Connected Banking with ICICI Bank

Connected banking and payments now extends to ICICI Bank — direct payments, real-time balances, and instant reconciliations, all within TallyPrime. Continues to support Axis Bank, State Bank of India, and Kotak Mahindra Bank.

  • ICICI Bank now supported
  • Direct payments from TallyPrime
  • Real-time balances & instant reconciliation
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HSN / SAC Validation

Ensure accuracy with online validation of HSN/SAC codes directly within TallyPrime, helping you stay GST compliant.

  • Online HSN/SAC validation
  • Works within TallyPrime
  • Accurate item & ledger masters
  • Fewer errors at return filing
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Additional Enhancements

Improved IMS reconciliation helps you track input tax credit in real time, while auto-wrap keeps long text clear across reports and printouts.

  • Improved IMS reconciliation
  • Real-time input tax credit tracking
  • Auto-wrap for long text in reports
  • Cleaner printouts across templates

Videos on TallyPrime

Learn how to get the most out of TallyPrime 7.1

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Add Watermarks to Invoice Print

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Add Headers & Footer Images to Invoice Print

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Update Terms & Conditions in the Invoice Print

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Fetch Party Name Using GSTIN/UIN in IMS Report

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Send Online Payments from ICICI Bank Accounts

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How to get started with Docs by Ira in TallyPrime

how-to-create-vouchers-in-tallyprime

How to Create Vouchers in TallyPrime Using TallyIra App | TallyHelp

how-to-create-vouchers-by-importing-documents

How to Create Vouchers by Importing Documents Using Docs by Ira in TallyPrime | TallyHelp

how-to-resolve-documents-and-create-vouchers

How to Resolve Documents and Create Vouchers in TallyPrime Using Docs by Ira | TallyHelp

Frequently Asked Questions

TallyPrime 7.1 brings AI-powered document automation, new invoice templates, Schedule III financial statements, ICICI Bank integration, and smarter GST compliance — all in one release.
Docs by Ira is an AI-powered capability that reads your invoices and automatically creates entries in TallyPrime. Just scan or upload — the AI does the rest.
It handles inward documents like purchase invoices, purchase orders, delivery challans, and credit/debit notes.
Yes — and that's by design. AI creates the entries, but you review and confirm before anything is saved in your books.
TallyPrime 7.1 includes eight new pre-defined invoice templates that you can personalise with your logo, watermark, address, terms & conditions, and more — no TDL knowledge required.
Yes. The new templates are built into the product, so upgrading is hassle-free with no compatibility issues.
It's an Excel-based tool that helps companies with net worth below ₹250 Cr generate ICAI-compliant Schedule III Division I financial statements quickly and accurately.
Please contact your Tally partner to enable access to the Schedule III feature.
TallyPrime 7.1 now supports ICICI Bank in addition to Axis Bank, State Bank of India, and Kotak Mahindra Bank.
You can make direct payments, check real-time balances, and reconcile transactions — all from within TallyPrime.
It's a built-in online validation of HSN/SAC codes directly within TallyPrime, ensuring your masters are accurate and your GST returns are error-free.
IMS reconciliation is improved for real-time Input Tax Credit tracking, and auto-wrap ensures long text displays cleanly across reports and printouts.