Cheque Payments in TallyPrime
While more advanced modes of payment such as e-payments and UPI are used in the market, for some businesses, cheques remain an authentic and necessary method of payment and receipts. This holds true especially for larger transactions between businesses.
TallyPrime helps you handle cheques in a simple and efficient way. With TallyPrime, you can:
- Print cheques directly from your payment transactions.
The relevant values get printed in the corresponding fields of the cheque, once you provide the cheque number and amount in the transaction. - Use cheque formats, based on your bank’s needs.
- Maintain the cheque numbers provided by your bank in your bank ledger.
So, while entering transactions, cheque numbers are automatically updated. - Use blank cheques when the amount is not known yet.
- Track all your cheques easily, whether they are pending, printed, unreconciled or cancelled.
- Handle post-dated cheques for the future transactions.
These features save time, reduce mistakes and make your accounting process smoother. With TallyPrime, managing cheques becomes a simple part of your daily work.
Quick and One-time Set Up for Cheque Payments
TallyPrime ensures that you have all the facilities to manage your cheque books with a one-time setup, which involves:
- Specify cheque range and format in bank ledger and use the cheque format for future transactions.
As a result of specifying cheque range, cheque numbers get automatically assigned, based on the last used number. - Alter predefined cheque dimensions, if needed.
- Specify user-defined cheque format, which enables you to have a personalised cheque format, based on your bank’s requirements.
- Print amount in lakhs/millions on cheques, based on the country of origin of your supplier.
- Disable Company name in the pre-printed cheques, in case you don’t want your Company name to be displayed in the cheque.
Cheque Printing
In TallyPrime, you can configure bank ledger for cheque printing.
Thereafter, you can print cheques directly while recording payment vouchers or contra entries for:
- Payments to vendors or parties.
- Cash withdrawals from the bank.
- Post-dated cheque payments (PDCs).
TallyPrime also provides you with the facility to print cheques in such a way that the relevant values get printed in the corresponding fields in the cheque. You can:
- Print selected cheques.
- Print all bank cheques at once.
- Print a cheque without date and update it while issuing cheques.
- Print cheque from payment voucher.
- Print cheque details in payment voucher.
- Print a cheque to withdraw cash.
Easy Tracking of Cheques
In TallyPrime, you have Cheque Printing report and Cheque Register with which you can have the cheque statuses at your fingertips. You can identify:
- Cheques pending for printing.
- Cheques already issued to suppliers.
- Cheques available for future payments.
- Blank cheques that you can use.
- Unreconciled and reconciled cheques.
- View cheques for status for specific banks.
- View cheques based on range.
