Bank Reconciliation

3- Bank Reconciliation @ Tally.ERP 9

The Bank Reconciliation option in the Banking menu allows the user to perform the following operations:

p Reconcile the Bank accounts.

p Create vouchers from the BRS screen itself.

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

p Alter the voucher by selecting the required transaction from the Bank Reconciliation screen.

p Filter the report to display transactions based on Amount, Bank Date, Instrument No, Instrument Date, Partyledger, etc.

Accessing Bank Reconciliation

To access Bank Reconciliation screen,

p Go to Gateway of Tally > Banking > Bank Reconciliation

The Select Bank screen displaying the List of Bank appears as shown:

p Select the required Bank account and press Enter.p The Bank Reconciliation screen of the selected Bank is displayed as shown:

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Bank Reconciliation @ Tally.ERP 9 :www.TallyERP9Book.Com http://www.tallyerp9book.com/Pages/Web-Page/Menu/Getting-Started/Banking/3-Bank-Reconciliatio...

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Note :

The Bank Reconciliation screen can also be accessed from Gateway of Tally > Display > Accounts Books > Cash/Bank Books >

Company Information @

Tally.ERP9

Introduction @ Tally.ERP 9

Tally.ERP 9 Start-Up

Tally.ERP 9 Screen Components

Mouse / Keyboard Conventions

Quitting Tally.ERP 9

Creating a New Companay

Opening (Loading ) of Tally.ERP 9

Modification of Company

Deletion of Company

Company Selection

Group & Ledger

• Introduction

1. THE GROUP

2. THE LEDGER

3. VOUCHERS TYPES

Advanced Inventory / Stock

Meaning

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

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Advanced Usage of Vouchers

Maintain Bill-wise Details

Cost Center and Cost Category

Interest Calculation

Reversing Journals

Post-Dated Voucher

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Select Bank Ledger > Select a month > F5: Reconcile.

p By default, the screen displays the period range from date specified in the Effective Date for Reconciliation in the Bank ledger mastertill the date of last entry.

p The Bank Date has be to be provided based on the Instrument Date and not on Voucher Date.

p F2: Period: Allows the user to change the period to display the Bank Reconciliation screen for the specified period.

p S: Set All Dates: Allows the user to specify the bank date to set for all the transactions at once.

p C: Create Voucher: Allows the user to create voucher from the reconciliation screen itself.

p U: Opening BRS: In Tally.ERP 9 Series A Release 3.0 onwards the user may provided opening BRS to theunreconciled transactions using this function

The opening BRS will be used in the following scenarios:

n The BRS feature was used in the middle of the financial year by setting Effective Date of Reconciliation in Bankledger master in Tally.ERP 9, or

n Accounting was started in Tally.ERP 9 in the middle of the financial year.

f Bank having unreconciled transactions brought forward to

Bank ledger created in Tally.ERP 9, or for other reasons.

In these cases the user had to manually have track of the unreconciled transaction until they are reconciled.

To provide Opening BRS:

n Click U: Opening BRSn The Opening Bank Allocation screen for the selected Bank is displayed as shown:

Memo (Memorandum) Voucher

Optional Voucher

Using Tracking Number

Tally.ERP9 Report

Unit Objectives1.

Modifying Reports (Options)2.

Balance Sheet3.

Profit & Loss Account4.

Stock Summary5.

Trial Balance6.

Day Book7.

Books of Accounts8.

Statement of Accounts9.

Inventory Books10.

Statutory Reports11.

List of Accounts ( Chart of

Accounts)

12.

Exception Reports13.

Printing Reports14.

Tally.ERP9 MIS and Other Reports

Receivable and Payable

Statement Report

Ageing Report

Godown wise Stock Report

Movement Analysis

Transaction wise Profitability

Analysis

Stock Summery

Bank Reconciliation

Stock Category wise Report

Statutory & Taxation

VAT ( Value Added Tax )

CST ( Central Sales Tax )-Inter State

Sales

Exempted Sales

Sale of ‘VAT on MRP’ Goods

TDS ( Tax Deducted at Source)

TCS ( Tax Collected at Source)

Excise for Dealer

Service Tax

FBT ( Frienge Benefit Tax )

n Opening balance o


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(Deposit/Withdrawal) as shown

Utilities & Others @ Tally.ERP9

Back Up / Restore

Split Company Data

Tally.ERP 9 Vault

Exporting Master Data

Importing Data

Consolidation of Accounts

Password or Security Control

Enabling Cheque Printing

Credit Limits

Bills of Materials (BOM)

Re-Order Levels and Re-Order

Quantity

Price Levels or

Price List

Interest

CalculationsVoucher Classes & Voucher Types

(Creations)

Point of Sale ( POS Invoicing )

Knowledge Base @ Tally.ERP9

Stock Items

Stock Groups

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Inventory Vouchers

Inventory Report Statements

Balance Sheet

Accounting Reports

Accounting Vouchers

Interest Calculation

VAT-Value Added Tax

Service Tax

TDS (Tax Deducted at Source)

n Provide the unreconciled transaction details based on the nature of transactions


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the screen.

n When the company data is split the unreconciled transactions will automatically get updated in the Opening BRS details.

n The Bank Reconciliation screen is displayed with opening BRS provided as shown:

Save


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n Provide the date of the realised transactions (the amount reflecting in the bank pass- book) in the Bank Date fieldprovided.

the Bank Reconciliation screen.

p Press Ctrl+Enter on the required transaction row to open the voucher in alteration mode.

p F12: Range: Allows to filter the Bank Reconciliation screen. The user may filter the transactions based on the

Amount, Bank Date, Date, Favouring Name, etc as shown:

n Save


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Printing Bank Reconciliation Statement

The user may print the Bank Reconciliation statement for the required Bank.

To Print Bank Reconciliation Statement:

p Go to Gateway of Tally > Banking > Bank Reconciliation.

p Select the required Bank account from List of Bank.

p The Bank Reconciliation screen is displayed.

p Click Print or Press Alt+P. The Print Report screen appears


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p Click No or Press N or Esc to set the following options:

n Select Vouchers to Show : By default this is selected as All Vouchers, select the required option from theLedger Entries list.

n Show Narrations also: Set this option to Yes to display the narration in the report.

n Show Remarks also: Set this option to Yes to display the remarks in the report.

n Show Forex details also: Set this option to Yes to display the forex details in the report.

n Show Forex Transactions only: Set this option to Yes to display the forex transactions only in the report

n Show Reconciled Transactions also: Set this option to Yes to display the reconciled vouchers also in the report.

n Show Payment Favouring/Received From: Set this option to Yes to display the Pay- ment Favouring/ReceivedFrom details in the report.

n Accept to Print.

The Bank Reconciliation Statement appears as shown :


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Configuring Bank Reconciliation

The user may configure the Bank Reconciliation screen based on his requirement. To configure,

Press F12: Configure, the Configuration screen is displayed as shown:

Select vouchers to show :

By default, all the vouchers are displayed. Select the required Ledger Entries type from the list.

Show Narrations also:

Set this option to Yes to display the narration in the Bank Reconciliation screen.

Show Remarks also:

Set this option to Yes to display the remarks in the Bank Reconciliation screen as shown:


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Set this option to Yes to display the forex details also in the report.

Show Forex Transactions only:

By default, this option is set to Yes. The cheque printing screen displays only the forex transaction

Show Reconciled Transactions also:

Set this option to Yes to display the reconciled transactions also in the Bank Reconciliation screen.

Show Forex details also:


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Allow Back dated Reconciliation:Set this option to Yes to allow reconciling back dated transactions also

Show Payment Favouring / Received From:

Reconciliation screen.

The Bank Reconciliation screen with Narration, Remarks and Payment Favouring/ReceivedFrom details is displayed, as shown:

Show all Unreconciled Transactions Till Date

Set this option to Yes to display all the Unreconciled Transactions till the given date, irrespec- tive of the From date set in theBank Reconciliation Statement

Set this option to Yes to display the Payment Favouring / Received From details in the Bank


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0

Appearance of Name:Select the required Display Name Style from the list to display in cheque printing screen

Body-1

GETTING STARTED @ Tally.ERP 9 QUESTIONS BASE @ Tally.ERP 9 REPORT GENERATES @ Tally.ERP 9 TIPS & TRICSK @ Tally.ERP 9

1 > with Tally.ERP 9 1 > Point of Sale (POS) 1 > Financial Statement Report 1 > Tips & Tricks @ Tally.ERP 9

2 > TDS ( Tax Deducted at Source) 2 > Central Sales Tax (CST) 2 > Accounts Book & Register Report 2 > FAQ's @ Tally.ERP 9

3 > Banking 3 > Value Added Tax (VAT) 3 > Stock Register / Reports 3 > Short Cut Keys @ Tally.ERP 9

4 > ER-1E-Return 4 > Service Tax 4 > Job Costing Reports 4 > Tips-Weekly Refresher @ Tally.ERP9

5 > Income Tax 5 > Pay Roll 5 > Pay Roll Register Reports

6 > Job Work 6 > Job Costing 6 > Point of Sale Register Reports

7 > SMS 7 > Excise - Dealer

8 > Excise - Manufacturer

9 > Technology / Utilities

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Bank Reconciliation

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Transcript of Bank Reconciliation