TallyPrime 6.0 represented the biggest update to banking workflows in Tally's history. Building on the Connected GST capabilities of TallyPrime 5.0, this release introduced Connected Banking, enabling businesses to link their bank accounts directly to TallyPrime for real-time balance monitoring, automated statement imports, and intelligent reconciliation.
For businesses that previously spent hours downloading bank statements, manually entering transactions, and reconciling accounts, TallyPrime 6.0 was a game-changer. Let us walk through every feature in this comprehensive guide.
What's New in TallyPrime 6.0
TallyPrime 6.0 centered on a single transformative theme: bridging the gap between your bank and your books. Connected Banking brought real-time connectivity to over 225 banks worldwide. Complementing this was a suite of reconciliation and voucher automation tools that dramatically reduced manual data entry. The release also included an enhanced Data Split feature, profile management improvements, and updated tax compliance for the Finance Bill 2025-26.
Connected Banking: Link Your Accounts to TallyPrime
Connected Banking is the centerpiece of TallyPrime 6.0. Through a secure Tally.NET connection, you can link your company's bank accounts directly to TallyPrime and interact with banking data without leaving the application.
Extensive Bank Support
TallyPrime 6.0 supports over 145 Indian banks and 80+ international banks, covering virtually every financial institution your business might use. Whether you bank with SBI, HDFC, ICICI, Axis, or a regional cooperative bank, Connected Banking has you covered.
Real-Time Balance Monitoring
Once linked, your bank account balances appear directly in TallyPrime. No more logging into net banking portals to check available funds before making payments. The dashboard shows current balances across all linked accounts, giving you an instant cash position overview.
Automatic Statement Import
Bank statements are imported automatically into TallyPrime. New transactions appear as they are processed by your bank, keeping your books synchronized with minimal delay. This eliminates the tedious process of downloading CSV files from net banking and importing them manually.
Enhanced Bank Reconciliation
TallyPrime 6.0 completely overhauled the bank reconciliation process, introducing multiple levels of automated and semi-automated matching.
Automatic Exact-Match Reconciliation
During bank statement import, TallyPrime automatically matches bank transactions with existing vouchers where the amount, date, and party details align exactly. These transactions are reconciled instantly without any manual intervention.
Configurable Potential Match Rules
For transactions that do not match exactly, TallyPrime suggests potential matches based on configurable rules. You can set tolerance levels for date differences, partial amount matching, and reference number patterns. This catches transactions where minor discrepancies exist, such as a payment recorded a day before it clears in the bank.
Multi-Transaction Matching
A single bank transaction can be matched against multiple TallyPrime vouchers, and vice versa. This handles common scenarios like a single bank transfer covering multiple invoices, or a batch deposit containing several customer payments.
Opening BRS Setup
For businesses adopting Connected Banking mid-year, TallyPrime 6.0 provides tools to set up your opening Bank Reconciliation Statement. You can import unreconciled transactions from the beginning of the financial year and establish a clean starting point.
Automated Voucher Creation from Bank Statements
One of the most time-saving features in TallyPrime 6.0 is the ability to create vouchers directly from imported bank statements. Instead of manually recording every bank transaction, TallyPrime can generate the corresponding vouchers automatically.
Key Capabilities
- Common or separate ledgers: Choose whether to use a single ledger for similar transactions or maintain separate ledgers for granular tracking.
- Transaction merging: Multiple related bank transactions can be merged into a single voucher when appropriate, such as combining daily card settlement deposits into one receipt.
- Auto-populated details: Narration text and instrument numbers are automatically populated from the bank statement data, maintaining a complete audit trail.
- Flexible mapping: Set up rules to map recurring bank transactions to specific ledgers, so similar transactions are always categorized correctly.
Need help setting up Connected Banking? Our certified consultants at Mark IT Solutions configure Connected Banking for your specific bank accounts and set up reconciliation rules tailored to your transaction patterns. Contact us for a free consultation.
New Banking Reports
TallyPrime 6.0 added dedicated banking reports to give you better visibility into your banking activity.
- Activity Dashboard: A visual overview of banking activity across all linked accounts, showing inflows, outflows, and net movement over configurable time periods.
- Bank Statement Analysis: Detailed analysis of imported bank statements with categorization, trend identification, and exception highlighting for unusual transactions.
Enhanced Data Split
The Data Split feature, used to archive historical data and keep your working company file lean, received significant improvements in TallyPrime 6.0.
- Single company option: Split data for an individual company without affecting others in a multi-company setup.
- Pre-split verification: TallyPrime runs integrity checks before splitting to ensure no data inconsistencies will affect the split process.
- Progress tracking: A progress indicator shows the split status in real time, with estimated completion time for large datasets.
- Enhanced verification: Post-split verification confirms that all data was preserved correctly in both the archived and active datasets.
Profile Management
TallyPrime 6.0 introduced profile management capabilities that allow you to update contact details linked to your serial number. This is useful when your business changes its registered address, phone number, or email. The system sends twice-yearly reminders to verify and update your profile information, ensuring your account details stay current.
GST and TDS Improvements
The compliance features in TallyPrime 6.0 were updated to reflect the latest regulatory changes.
- Latest Income Tax slabs: Updated for the Finance Bill 2025-26, ensuring TDS calculations and salary computations use the current rates.
- Phase III HSN Summary: The HSN Summary in GSTR-1 now includes a B2B/B2C breakup as required under Phase III of HSN reporting. This is automatically generated from your voucher data. You can verify tax computations using our free GST calculator.
How to Upgrade to TallyPrime 6.0
Upgrading to TallyPrime 6.0 requires an active Tally Software Services (TSS) subscription. Follow these steps:
- Open TallyPrime and navigate to Help > Check for Updates
- Download version 6.0 when prompted
- Back up your company data before proceeding (TallyPrime prompts this automatically)
- Complete the installation and let TallyPrime migrate your data
- Set up Connected Banking by navigating to Banking > Connect Bank and following the bank linking process
If your TSS has expired, renew your subscription before updating.
What Came Next: TallyPrime 6.1 and Beyond
TallyPrime continued to evolve rapidly after version 6.0:
- TallyPrime 6.1 added the Invoice Management System (IMS), Edit Log for audit trails, and MSME compliance features.
- TallyPrime 7.0 brought TallyDrive cloud backup, SmartFind search, and further banking enhancements. See the complete TallyPrime 7.0 feature guide.
If you are on TallyPrime 6.0, upgrading to the latest version gives you access to IMS, cloud backup, and enhanced audit trail capabilities.
