Dinesh Lodhi in Tally Prime

Tally Prime Download, Installation, Upgrade & Activation

As we all know Tally has launched a new version of its software on 9 November 2020, but this time it’s not a release change. It’s a completely different software, which works similarly to Tally ERP 9 but is more efficient and full of features. So here I am guiding you about the Tally Prime Installation, Upgradations and Activation.

As it’s a completely new software, it can run standalone. It has no dependency on its previous version Tally ERP 9.

I know you have so many questions about this Tally Prime like,
If you already have a valid Tally ERP 9 license then how to activate it for Tally Prime?
If you are a student and want to activate its Education version or you want to try Tally Prime before purchasing it.

We are going to cover all these here. Even if you want to run both versions simultaneously then we are going to help you.

If you are new to Tally Prime, then I strongly recommend you to visit our detailed article about Tally Prime’s new features and differences from Tally ERP 9.

Table of Contents

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Tally Prime Download

Till now, ERP 9 gave us an inbuilt feature by which we can easily update to the new version of Tally without even downloading the main setup file. But the Tally Prime case is different, as Tally Prime is completely new software, so we can’t update it from Tally ERP 9 inbuilt feature.

For Tally Prime full version free download, just visit here. After downloading, you will get a setup.exe file in your download folder. This is the main setup that we are going to use for Tally Prime Installation.

Tally Prime Installation

Once you double-click on the setup file, it opens the Tally Prime setup Manager with details of the application installation path. It has three buttons at the bottom C: Configure, O: More Actions and U: Update/I: Install.

U: Update: if you already have Tally ERP installed on your computer.

I: Install: if no Tally is installed on your computer.

This is a very important step in the installation of Tally Prime because here you will decide whether you want to upgrade it and overwrite your Tally ERP 9 or want to install a fresh copy.

Update Tally ERP 9 to Tally Prime

If you already using Tally ERP 9 and want to update it, then just press the “U: Update” button and your license will automatically upgrade/migrate to Tally Prime.

NOTE: I personally recommend you first use Tally Prime for a few days just to build confidence. Whenever you become familiar and feel confident then you will migrate your license to Tally Prime.

It’s a migration, not an upgrade, which means if you migrate your license to Tally Prime then your Tally ERP 9 will stop working with immediate effect.

So I suggest you just install a fresh copy of the Tally Prime Education version on a different path. Tally Prime Education mode is completely free and didn’t affect your ERP 9 data. This way you can run both old Tally ERP 9 as well as Tally Prime simultaneously.

Tally Prime Fresh Installation

If you see the I: Install button instead of U: Update in Tally Prime Setup Manager that means you are good to go for a fresh installation. Like this:

But if you see U: Update in place of I: Install that means you need to change the installation path(will guide you about this in a later part of the article.). After the change of path U: Update will automatically change into I: Install and you can proceed with the installation.

After this click on the I: Install button. It will start the actual installation of the Tally Prime on your computer.

Once installation is complete, it will show this success message. Now you have to click on S: Start TallyPrime to start the Tally Prime.

Window Firewall show this message, click on allow access.

After this, it will ask for the activation of Tally Prime. Will guide you about that in the later part of the article.

How to change Installation Path

Change path is not needed in case of upgradation, it’s only needed for the fresh installation.

To change the path, click on C: Configure button then click on the application path and it allows you to change the path.

But if you don’t find the application path in the configure box that means you have selected the upgrade option. To change upgradations to the new installation, click on O: More Actions then click on the “Install New” option and close the box.

After this you will see the U: Update button changed into I: Install. Now click on Install and follow the instructions.

Now set whatever path you want then click OK.

Tally Prime Activation

For the activation, Tally Prime gives you 4 options

T: Continue In Education Mode
U: Use license From Network
R: Reactivate Existing License
A: Active New License

Tally Prime Education Mode Activation

To activate Tally Prime Education Mode you need to click on T: Continue In Education Mode this will show you this kind of screen and it’s ready. Same as Tally ERP 9 you can change only 1, 2 and the 31 days of the month in this.

Now you can create a new company and start work, but if you want to use ERP 9 company into Tally Prime it requires migration.

Before starting the migration, I strongly suggest you to take a backup of all your valuable Tally data. Although when you start migration it will ask for backup.

You can click C: Configure to change the backup setting. Otherwise click on R: Migrate.

NOTE: Once you migrate a company to Tally Prime, it will not be accessible from the previous version. If you still try to open it, it will show this kind of error.

If you again want to use the same company in the old Tally, you need to press Ctrl + Alt + R to rewrite it and it will again become compatible with the old Tally ERP 9. But now you again tried to open it in Tally Prime, this time it shows an error for restart.

So my recommendation is don’t migrate before having complete knowledge about Tally Prime.

Tally Prime Upgrade from Tally ERP 9

If you already using Tally ERP 9 with a valid license, you can choose R: Reactivate Existing License.

It will ask for your Tally.Net ID and Password, to make sure the internet is connected. After entering all details, it will show you this screen.

After activation, you can cross verify it by the logo of Tally Prime. It will show whether your license is SILVER or GOLD like this.

If you want more information about your license then you can click on the logo and get details like this.

NOTE: If you activate your Tally Prime License that means your license is successfully migrated from ERP 9. If you try to use the old Tally, it will now open in Education mode and show a “License is compromised” message. But if you want, you can revert back this activation by just activating Tally ERP 9 with the same Tally.net ID and Password.

Conclusion

Tally Prime is a new software that works similar to Tally ERP 9 and the same license can be migrated to Tally Prime.

It’s easy to install and upgrade, but don’t upgrade it before knowing about Tally Prime, because if you want to return back to Tally ERP 9 after moving Tally Prime, you have to again migrate your license from Prime to ERP 9.

Rest core features are mostly same as ERP 9, even Education mode is exactly the same.

Next Read: Tally Prime Data Migration & Backup from Tally ERP 9 »

Dinesh Lodhi: I am an IT Professional since 2009. From that time, I was working only for my clients and my dream to create my own digital assets is dying day by day. But one day I finally decide to start taking action and this website has born. Since that day, my motto with this website is to share Tally related knowledge in the simplest form possible.