{"id":17603,"date":"2020-06-16T19:20:07","date_gmt":"2020-06-16T13:50:07","guid":{"rendered":"https:\/\/www.techjockey.com\/blog\/?p=17603"},"modified":"2024-10-04T18:44:34","modified_gmt":"2024-10-04T13:14:34","slug":"how-to-perform-bank-reconciliation-in-tally","status":"publish","type":"post","link":"https:\/\/www.techjockey.com\/blog\/how-to-perform-bank-reconciliation-in-tally","title":{"rendered":"BRS in Tally: How to Perform Bank Reconciliation in Tally"},"content":{"rendered":"\n

A bank reconciliation statement is an important financial document which compares the amount on a company\u2019s balance sheet with the number mentioned in its bank statement. <\/p>\n\n\n\n

<\/span>What is a Bank Reconciliation Statement and Why is it Needed? <\/span><\/h2>\n\n\n\n

By performing bank reconciliation\nstatement in Tally, it is ensured that the cash entries made by the company are\ncorrect. Bank reconciliation statements are a secure way of preventing cash fraud\nand misreporting of funds. <\/p>\n\n\n\n

In this article we will be going over\nsome of the ways to perform bank reconciliation in Tally ERP 9.<\/p>\n\n\n\n

What is Tally ERP 9?<\/strong><\/p>\n\n\n\n

It is a resource planning software\ncompatible with windows which is used for payroll management, banking,\naccounting and many more financial needs of your business. <\/p>\n\n\n\n

Businesses can also carry out BRS in Tally ERP 9<\/strong><\/a> to monitor that their account books are maintained correctly.<\/p>\n\n\n\n

Tally ERP 9 helps businesses focus on\ntheir long term goal by working on cost centres, multi currency, order process\netc. Auto bank reconciliation in Tally has also the added feature that by\npurchasing a multi-user license it supports unlimited users and transactions. <\/p>\n\n\n\n

<\/span>Perform Bank Reconciliation in Tally \u2013 A Step by Step Guide<\/span><\/h2>\n\n\n\n

Bank reconciliation statement in Tally\nERP 9 is an important activity that should be carried out by businesses to have\nbetter control as well as transparency regarding their money. Below we list the\ndifferent steps involved in performing bank reconciliation in Tally ERP 9:<\/p>\n\n\n\n