AUTO BANK RECONCILIATION IN TALLY ERP 9

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bank reconciliation in tally

ABOUT BANK RECONCILIATION

Bank Reconciliation in tally is a unique and essential process through which you can sync your company’s own book of account with bank pass book for cross verification and legal documentation.

And to do that all you have to do is to enable the feature of Bank reconciliation in tally software and upload the E-Statement of your account given by your bank .
After uploading it your bank statement and company account statement will be cross verified automatically and if there is any mistake or error found then it will give you the notification such that you can correct it systematically

NEED OF  AUTO BANK RECONCILIATION IN TALLy

It will be very hectic if you have two statements containing a list of thousands of transactions to cross verify or merely impossible. Manually it can take a couple of hours, Proper focus, and uniform concentration. But what if we tell you that you can do it in a swish. just all you have to do is to upload your e-statement in your tally software and it will do the rest.

Not only this its also notify you whenever any unaccounted for transactions, like Bank Charges or Bank Interests, between the bank statement and
company’s books found.

HOW TO DO TALLY AUTO BANK RECONCILIATION

First of all, you have to save your E-statement given to you by your profiling bank.
after that

Open the bank ledger as shown in the fig in alteration mode

auto bank reconciliation in tally

After that click on ‘YES’ to set Banking configurations to Alter


Choose you desired bank

auto bank reconciliation in tally

Choose ‘yes’ to ‘Enable Auto Reconciliation’ as below

auto bank reconciliation in tally

Accept the Screen

NOTE : Authentic Tally.NET Subscription and Internet connection are required for Tally 9 Auto Bank Reconciliation.

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