FAQ-4 (Bank Reconciliation Statement):

How to Reconcile Bank Reconciliation - Opening balance ?

Method of reconciliation for Opening balances.

  1. For a New company where the opening balances are manually keyed in for the current financial year
    In this case, the opening balances cannot be reconciled, as the opening balance is entered as per the company books and not as per the bank book. A manual reconciliation statement has to be maintained for the same.
     Bank reconciliation can be done for the transactions which are entered and form a part of the selected company.
  2. For a Company with more than one financial years data
    In this case, to reconcile the vouchers,
    • Go to Gateway of Tally > Display > Account Book > Cash/Bank Book > Select the Bank
    • Drill down to the voucher register
    • Press F5 or click F5: Reconcile, the unreconciled vouchers of the previous year will also be displayed here.
    • Key in the date of realisation as per the bank statement in the column "Bank Date" and accept the screen.
  • It is always suggested that you reconcile the first month and then go for second, third, and so on. That is, if the data base has the data from April 2009 till March 2010, reconcile the vouchers for April 2009 first and then May 2009 and so on.
Company Information @ Tally.ERP9
Group & Ledger
Advanced Inventory / Stock
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
Disclaimer :

The names of Companies and persons used in this Website have been used for illustrative purposes only.
The visitors may visit www.tallysolutions.com , the web site of Tally Solutions Pvt. Ltd. for resolving their doubts or for clarifications

Trademark :

Tally,Tally GST,TallyERP9 GST, Tally9, Tally.ERP, Tally.ERP –9, Tally.Server 9, Tally.NET & Power of Simplicity are either registered trademarks or trademarks of Tally Solutions Pvt. Ltd. in India and/or other countries. All other trademarks are properties of their respective owners. This Website is not associated with any product or vendor mentioned in this Website.

Mandal Bagicha, Hemkapada,
Sunhat, Balasore-756002 ( Odisha )-India
eMail ID : tallyerp9bookorder@gmail.com
Web : www.tallyerp9book.com
Mob : 09437264738
Get Updated ...