||All businesses need to connect with their banks. Today, even small businesses will have thousands of banking transactions per month and these are usually carried out on a daily basis. Tally.ERP 9 ensures a seamless banking experience.
The banking feature of Tally.ERP 9 gets all bank - related chores to your fingertips.
Multiple Instrument and Mode of Transaction Details in a Single Voucher
Record and monitor multiple transaction types (like Inter-Bank Transfer, Cheque, DD, etc.) in a single voucher using this amazing feature. While the old system captured dates of transactions, this renewed version allows you to monitor transactions based on type, amount, date, instrument number etc. This caters to more clarity. Another plus is the ability to identify payment modes in the system and separate dates for each instrument. This, for sure eases out the bank reconciliation process.
With the new banking feature, you can now reconcile your bank entries at the click of a button. Download your bank statement from your bank's online portal and import the same onto Tally.ERP 9. Your bank statements will then automatically reconcile your company accounts (payment, receipt and contra vouchers) with your bank statements by checking if the instrument numbers matches with the amount. In case if a match is not found, it allows for easy reconciliation by suggesting a possible match. More than 100 bank statement formats are already enabled for Auto Bank Reconciliation Statement (BRS).* (Powered by TSS)
Reconciliation can be done for each instrument rather than the entire voucher. The instrument details (number, date, etc.) are displayed for easier reconciliation. Unseen items such as bank charges, interest paid etc., can be captured in a new voucher without discarding the BRS in progress. The option for creating a voucher by selecting the transaction is provided in the same screen, with pre-filled narration.
You can manually record or automatically carry forward any un-reconciled bank transactions from the current year to the subsequent year (as opening BRS). These can then be reconciled in the subsequent year.
You get to maintain multiple cheque books with cheque range and use it to auto-increment cheque number during voucher entry. This, along with duplicate cheque number validation, will reduce manual error and increase the speed of data entry.
Other than this, you also get to manage cheques through their life-cycle - from issue to reconciliation - with the help of the cheque register. This is that feature which shows the status of all cheques, along with a quick search for instant validation. You also have other conveniences like issuing blank cheque and cheque cancellation.
It is not just cheque management, you can also print your cheques without doing any manual configuration. Simply select your cheque format by viewing its image and print. Its that simple! There are more than 350 cheque formats that are currently available. * (Powered by TSS)
In the banking section, you have a separate cheque printing report. This has been introduced to let you print multiple cheques easily. The best part is you get to know if a cheque has been printed or not by a simple Yes or No that can be found against each cheque.
Payment Advice Printing
A system-generated payment advice (covering letter for payments) can be printed for both single and multiple vouchers.
Printing Deposit Slips
Deposit slips can be printed for cash or for single/multiple cheques.
• Saves time
• Reduces errors
• Simplifies banking
• Improves productivity
• Improves traceability