Bank Reconciliation – Tally.ERP 9

Brijesh Yadav20 May 20231 Mins read

Bank Reconciliation

Tally.ERP 9 provides you the facility to reconcile the transactions of your Bank Book with the Bank Statement and instantly displays the Balance at Bank and as per the Bank Book, this facility sig- nificantly helps in planning your payouts. The reconciliation of bank transaction using the reconcile feature is very simple and easy to use, by simply entering the date of debit / credit of a particular transaction in the Bank.

To view Bank Reconciliation Statement:

Go to Gateway of Tally > Display > Account Books > Cash/Bank Book

Select the required Bank Account and press Enter on the required month (or F2 and specify the required period from which you want to reconcile your bank accounts)

Press F5: Reconcile

Enter the date of clearing (date on which the transaction is being debited / credited) from the Bank Statement.

After reconciliation, you may also toggle to other reports, by pressing the relevant buttons from the Button Bar.

You may also specify the effective date of reconciliation in the Bank Ledger Master to predefine the date of reconciliation for transaction starting from where you want to reconcile.