Banking in Tally.ERP 9


Banking_in_tally All businesses need to connect with their Banks. With even small businesses doing thousands of transactions per month, banking usually happens on a day-to-day basis. Presenting Banking in Tally.ERP 9 Release 3.0: powerful, new functionality with a powerful advantage for business managers. In fact, it’s so powerful that Banking gets its own new section within the product.Just what every business needs, the Bank allocation feature brings everyday bank- related chores right to your fingertips.



Multiple instrument and Mode of Transaction details in single voucher

Record and monitor multiple transactions in a single voucher using the new Banking feature. While the old system only captured the dates of transactions, this feature allows you to monitor transactions by Amount, Date, Instrument Number or mode (like NEFT, Cheque, DD, etc.), for a more complete picture. The ability to identify payment modes in the system and separate dates for each instrument eases bank reconciliation.

Instrument-wise reconciliation

Reconciliation can be done for each instrument rather than the entire voucher. The instrument details (number, date, etc.) are displayed for easier reconciliation.

In case of unseen items such as Bank charges, interest paid etc., these can be captured in a new voucher without discarding the BRS (Bank Reconciliation Statement) in progress. Further, existing vouchers can be altered in case of any discrepancy found during reconciliation.

Opening BRS

The new Banking feature allows you to manually record or automatically carry forward the un-reconciled bank transactions from the current year to the subsequent year (as Opening BRS). These can then be reconciled in the subsequent year.

Cheque printing configuration with Preview

Utilise the enhanced cheque printing configuration with print preview to reduce wastage. This has further been simplified to copy measurements from previous configurations.

Multiple cheque printing/capture

A separate “Cheque Printing” report (in the Banking section) has been introduced to let you print multiple cheque easily. This feature also lets you know if a cheque has been printed or not by a simple Yes or No against each cheque.

Since it is sometimes not possible to know which Amount/Favouring Name is going to be printed on which cheque leaf, cheque details can also be recorded after printing.

Payment advice printing

A system-generated payment advice (covering letter for payments) can be printed for a single or multiple vouchers.

Deposit slips printing

Deposit slips can be printed for a single cheque or multiple cheques, further simplifying Banking transactions.



  • Saves time
  • Reduces errors
  • Simplifies banking
  • Improves productivity
  • Improves traceability

Bank Reconciliation Statement (BRS)

Reconciling the companies bank accounts with the banker’s statement is a fundamental and routine task of Accounting. In Tally Reconciliation can be done for any company.
The process in Tally is linked to the information that is provided while creating bank ledger.
You will notice that the moment you select the ‘bank account’ group for a bank ledger, the field- “Effective Date for Reconciliation” appears. Normally this would be the ‘Book Beginning from’ date itself. You can also specify any other date reconciliation as per your needs.
It may be noted that any transaction prior to the ‘Effective Date for Reconciliation’ will not be considered for reconciliation purpose. After creating all bank accounts and passing the necessary transaction purpose. After creating all bank accounts and passing the necessary transactions with them you need to reconcile the Bank Book with the Bank Statement.

In order to that perform the following:
Gateway of Tally -> Display -> Accounts Books -> Cash/Bank Book(s).
Select the bank whose balance you want to reconcile. Select the month which the bank balance you want to reconcile.Press F5. Put the dates of clearing amount i.e. the date when the amount goes out of bank.