Export to Excel
With new release now you would get one more options while exporting data. One added format option is Excel format.
If you export in this format then file would be saved in xls format. More over if you put Excel formating option to Yes then tally would automatically format the data in presentable format. Tally would automatically bold the headlines and main fields for you and format data in a good way. Take a look at excel snapshot of balance sheet exported from Tally.
The special thing here is that you can do the calculation on any amount figure or any row or column, which was earlier not possible. The only drawback which i could find was that amount figures are not right aligned which is must for numbers for easy calculation, although you can do it by selecting the amount figures and putting them right aligned.