Automate Accounting Using Bank Statements

For the transactions that are available in the bank but not in the books, you can create vouchers without any data entry effort.

With the facility of automated voucher creation, you can create:

• Create single voucher.
• Create multiple vouchers with a common or separate ledgers.
• Merge multiple transactions to create a voucher with the consolidated amount.

The facility of automated voucher creation from Bank Statements is available for more than 145 banks.

Bank Reconciliation

Once you set up TallyPrime with a Bank Reconciliation Beginning date and auto-reconciliation configuration, you can ensure that your books are in sync with the bank.

TallyPrime supports Bank Reconciliation for more than 145 banks, offering the following facilities:

• Set or alter opening BRS for transactions dated prior to the Bank Reconciliation Beginning date.
• Make Bank Statements a part of your Company data securely by:
  • Importing Bank Statement files.
  • Getting Bank Statements through Connected Banking.
• Automatically reconcile book transactions:
  • With an exact match in bank entries.
  • By finding potential matches to the book transactions.
  • By finding a match.
  • With a partial match.
• Reconcile transactions manually.

Connected Banking

You can get all the benefits of Connected Banking once you complete the following:

• Link a mobile number to your Tally.NET ID.
• Change your Tally.NET password, if needed.
• Connect your Bank accounts.

Once you set up TallyPrime for Connected Banking, you can log in any time and do the following right from TallyPrime: 

• Get Bank Balance.
• Get Bank Statement. 

At any point in time, you can reconnect or disconnect Bank accounts from TallyPrime.

e-Payments

Once you configure e-Payments for the applicable transfer modes and bank-related requirements, you can:

• Record e-Payments with all the necessary details.
• Make secure bulk payments.  
• Reconcile e-Payments by importing the Payment Reverse File.

What’s more, TallyPrime has an e-Payments report that help you identify payments with different statuses.

TallyPrime supports e-Payments for 17 banks. You can contact your Bank to start using the of e-Payments feature in TallyPrime.

Payment Request

With Payment Request, you can ensure that your invoices have a payment link or QR code. For your buyers, making payments to you becomes an easy task.

Firstly, you need to create a payment merchant profile through Gateway or UPI, as needed. 

Once done, you can:

• Generate payment link or QR code
  • Using Payment Gateway or QR Code.
  • After recording the transaction.
  • For one or more transactions from Day Book and Ledger Vouchers/Ledger Outstandings.
• Print invoices & reports with Payment Link/QR Code.
• Export/e-mail invoices & reports with Payment Link/QR Code.
• Track Payment Links/QR Codes that are generated or pending to be generated.
• Reconcile Payment Gateway transactions.

Cheque Payments

TallyPrime provides you with a range of facilities to make payments through cheques. You can:

• Print cheque details in a payment voucher.
• Print a cheque to withdraw cash.
• View cheques to be printed.
• Record and track post-dated cheques.
• Record post-dated transactions with Notional Bank.

You also have the flexibility to specify cheque range and cheque format. Moreover, you can use predefined cheque format and user-defined cheque format, as needed.

Deposit Slips for Payments Received as Cash/Cheque

You can generate Deposit Slips for the cash, cheque, or DD received from the buyer that you need to deposit in your bank account.

Payment Advice for Payments

You can send Payment Advice to your sellers after the money is paid through cheques, cash, or e-Payments.