The banking feature in TallyPrime, enables business owners to perform a host of bank-related activities, including payments to parties, bank reconciliation, and cheque management. Usage of this feature enhances and simplifies the banking experience significantly by saving time, reducing errors, improving productivity, and scaling up traceability.
It provides amazing banking capabilities for running your company. You can use its e-payments capability to make timely payments to your parties, manage cheques, reconcile bank statements, and others. TallyPrime’s banking feature supports the following major areas of your business operations.
Banking utilities in TallyPrime
In Daily business transactions, everyone wants specific bank to manage your transactions write, receiving and making payments. TallyPrime offers you a host of utilities including:
- Bank reconciliation
- Cheque management
- Cheque Register
- Cheque Printing
- Post-dated Summary
- E-payments
- Deposit Slip
Do the following entry.
Leader creation: –
- HDFC Bank
- Kotak Bank
Gateway of tally ——> Create ——> Ledgers
| Name | : | HDFC |
| Under | : | Bank Account |
| A/c holder’s name | : | Riya |
| A/c no. | : | 135427812564 |
| IFS code | : | AAAA0123456 |
| Bank name | : | HDFC |
| Branch | : | GOREGAON |
Set /Alter range for cheque books——> Yes
| From number | to number | Number of Cheque | Cheque book Name |
| 123456 | 123789 | 334 | RIYA |
Similarly, create Kotak Bank details as above, where some details are as follow.
| From number | to number | Number of Cheque | Cheque book Name |
| 741852 | 741963 | 112 | Priya |
Do the follow transaction in Contra voucher: –
| Date | Transaction |
| 1-4-2023 | HDFC & Kotak Bank has opening Bal. of Rs. 450000 and 600000 respectively. |
| 2-5-2023 | Cash Deposited to HDFC Bank Rs. 50000 /- |
| 5-6-2023 | Cash Deposited to Kotak Bank Rs. 60000 /- |
| 1-8-2023 | Transfer from Kotak to HDFC Bank Rs. 50000/- (Cheque no.741852) |
| 1-9-2023 | Transfer from HDFC to kotak Bank Rs.25000/- (Cheque no.123456) |
| 1-10-2023 | withdrawn Rs.10000/- from HDFC |
To View Cheque Deposit Slip
- Gateway of Tally —–> Banking —–>Cheque Deposit Slip
Do the following entry without Bill-wise details
Note: – To Prevent from doing bill-wise entry disable below option
Press F12(Configure) ———> Preallocate bills for payment/Receipt/Journal Voucher—-> No.
Payment Voucher: –
| Date | Transaction |
| 1/5/2023 | Paid salary 25,000 /- to employee by kotak bank (cheque no. 741950). |
| 2/6/2023 | Paid Rs 10,000/- for printing and stationery. |
| 1/7/2023 | Paid salary 35,000 /- to employee by HDFC bank (cheque no. 123780). |
| 1/9/2023 | Paid Rs 5,000 /- to Soni and sons Co. |
| 2/10/2023 | Paid Rs 15,000 /- to Novelty and Co. |
To view Payment transaction by bank
- Gateway of tally ——> Banking ——->Payment Advice
Receipt Voucher: –
| Date | Transaction |
| 1/5/2023 | Received commission Rs 5,000. |
| 1/6/2023 | Received from Supreme computer Rs 10,000. |
| 2/7/2023 | Received from Hindustan supplier Rs 15,000. |
| 2/9/2023 | Received from Vishakha traders Rs 9,000. |
| 1/10/2023 | Received from Unique traders Rs 12,000. |
To view Payment as well as receipt transaction by bank
- Gateway of tally ——> Display More ——->Account Book ——-> Cash/Bank (Book)
How to do bank reconciliation in tally?
- Gateway of tally ——> Banking ——->Bank Reconciliation—-> Select Bank
Finally input bank date as required
How many cheques has been reconcile /registered/unreconciled/cancel?
- Gateway of tally ——> Banking ——-> Check Register