In Accounting terms, when bank balance as per cash book and bank balance as per pass book does not match then in that case, reconciliation is required which will identify the difference in bank balances and will identify reasons or transactions affecting bank balance as per cash book
TallyPrime has useful feature as auto bank reconciliation which will help user to reconcile bulk transactions in few minutes and also will help to import bank transactions for any period within few seconds without using any TDL.
That means this is inbuilt feature of TallyPrime which will help user to further simplify his work.
- Prerequisites of Auto bank import and reconciliation
- Net banking
- Soft copy of bank statement in TallyPrime supported formats i.e. Excel, CSV, Delimited
- Valid Tally TSS subscription
- With this feature of tally user can save time on…..
- Separate Bank reconciliation work
- Passing bank entries as with this feature user can import all bank transactions if he have not passed bank entries.
- Writing Narration
Please check Detail demo video on this so that user can implement it in TallyPrime
Get ready for this and start importing you bank entries with TallyPrime