Creating a Bank Ledger

In Tally.ERP 9, bank ledgers have to be created under the group Bank Accounts/Bank OCC Account/Bank OD Account. All required configurations for Cheque Register, Cheque Printing, Bank Reconciliation have to be made in the ledger master only.

To create a bank ledger, follow the steps shown:

Go to Gateway of Tally > Accounts Info. > Ledgers > Create

In the Ledger Creation that screen appears,

1. Enter the name of the bank, for which a Bank ledger needs to be created, in the Name field.

2. Three types of Bank Accounts are supported in Tally.ERP 9 - Saving Account (Bank Account), Over Draft account ( Bank OD), Cash Credit account (Bank OCC). In the field Under , select Bank Accounts/Bank OCC/Bank OD from the List of Groups displayed.

3. The Books Beginning date is pre-filled in Effective Date for Reconciliation field.

4. Enable the option Set/Alter Bank Details to Yes. The Bank Details screen appears.

In the Banking Configuration screen provide details as given below:

1. • In the Select your Bank? field, choose Kotak Mahindra from the List of Banks displayed

Note: The List of Banks get displayed only when there is active Tally.NET subscription and internet connectivity.

General Configuration

1. • Set the option Set Cheque Books to Yes. The configure Cheque Book Management screen appears. Enter details of the Cheque Range as shown below:

1. • Enable the option Set Cheque Printing Configuration? to configure Cheque Printing

Note: In case where the cheque printing feature is not enabled in F11: Accounting Features the error message - Enable Cheque Printing from F11 Accounting Features will be displayed while setting the option - Set/Alter Cheque Printing Configuration to Yes in the bank ledger master.

Bank Specific Configuration

1. • Activate Auto Reconciliation: Enable this option to reconcile the bank accounts by importing the bank statements.

   • Alter Location of Bank Statement Files: Enabling this option, opens the Location of Bank Statements screen. Specify the path for New Bank Statements and Imported Bank Statements

Account Information

• A/c No.: Enter Bank Account Number in this field

• A/c Holder Name: Enter the name of the account holder in this field

• Branch Name: Enter the bank branch name in this field

• BSR Code:  Enter BSR Code of the branch in this field.  Basic Statistical Returns (BSR) code is a 7 digit number allotted by Reserve Bank of India (RBI) to a bank branch

• IFS Code: Enter the IFSC code of the branch in this field. Indian Financial System Code (IFS Code), is a 11 character code assigned by the Reserve Bank of India (RBI) to a bank branch

• Client Code: Enter the code assigned to you by the Bank.

The completed Bank Details screen is as shown below:

5. Press Enter to go to the Ledger Creation screen

6. Enter Name, Address, State and Pin Code in the Mailing Details section

Note: To display the Mailing details section in the Bank Ledger Creation screen, enable the option Use ADDRESSES for Ledger Accounts by pressing F12 key or by clicking the F12: Configure button.

The completed Bank Ledger Creation is displayed as shown:

7. Press Enter or Y to accept

Note: The button B: Set Cheque Books in the Ledger Alteration screen can be  clicked to open the Cheque Book Management screen

The button S: Set Cheque Printing in the Voucher Alteration screen can be clicked to open the Cheque Format Selection screen