Introduction on Banking @ Tally.ERP9

The banking transactions can now be provided with bank allocation details such as the transac- tion type, instrument no, date, etc. A single bank amount can also be allocated to multiple transaction types such as cheque, Electronic Cheque, Electronic DD/PO, Inter Bank Transfer, Others and Same Bank Transfer based on the requirement.  

The BRS screen will now provide detailed information with regard to transaction types, instrument no., instrument date, cheque favouring, etc. The user can also provide opening BRS for unrecon- ciled transactions.

1. Features of Banking in Tally.ERP 9

The salient features of Banking in Tally.ERP 9 are as follows:

Cheque printing:

p         Allows the user to print the pending or already printed or the required cheques continuously from a single screen.

p         It also allows the user to update the cheque details and have track of cheques to be printed, of a selected or all banks.

Bank Reconciliation:

p      The BRS screen allows the user to reconcile the bank account.

p         This screen will now provide detailed information with regard to transaction types, instru- ment no., instrument date, cheque favouring, etc.

p      The user can also provide opening BRS for unreconciled transactions.

Deposit Slips:

p         The deposit slips for the selected Bank with complete details in-house may be generated through an automated system.

Payment Advice:

p         The payment advice sent to the suppliers / other parties along with the cheques/other instruments may be generated quickly from the voucher itself.

A separate chapter on each banking utility is available.

2. Migrating Banking Vouchers for Existing Data

When the existing users of Tally.ERP 9 access their company data using Tally.ERP 9 Release 3.0 for the first time, will migrate the Banking vouchers.

On completion of migration, the following has to be considered for Bank Reconciliation:

The Bank Reconciliation screen lists the transactions on the basis of each transaction type selected in the voucher.

Example: A single banking voucher having Cheque/DD and Electronic Cheque as Trans- action type will be considered as two transactions in the Bank Reconciliation screen.