Bank Reconciliation is an important, time-consuming activity for businesses with large volumes of cheque receipts and payments.

Until now, Tally users have to manually reconcile the bank a/c by looking up each and every cheque no. in the Bank's statement and then filling up the Bank Date column in Tally with the date in the Bank's statement.

This process can now be automated by the Automatic Bank Reconciliation module. All you need is to request your bank to give the statement in Excel format. Many banks already do this.

You can configure the Automatic Bank Reconciliation module to work with ANY bank's Excel statement. What is more, this module can also indicate where the cheque no. matches but the amount does not match, indicating an error in data entry in Tally.

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