Example Bank Reconciliation Statement Tally Prime in Tamil

Bank reconciliation statement (BRS) involves the process of identifying the transactions individually and match it with the bank statement such that the closing balance of bank in books matches with the bank statement. The bank reconciliation statement helps to check the correctness of the entries recorded in the books of accounts and thereby, ensures the accuracy of bank balances.

Create Company

To get started with Tally Prime, you need to first create your company to keep a record of all your day-to-day business transactions. To create the company, you need the company name and financial year information. You can enter all other details such as contact information, security, while creating the company or any time later.

How to create a company in Tally Prime

In tally, after login double click on the create company option under company information.
Go to Top Menu -> Company -> Create -> Enter

Ledger in Tally Prime

Ledgers in Tally Prime The ledgers in Tally Prime or in the Books of Accounts affect assets, liabilities, income or expenses. Tally Prime can generate a Profit & Loss A/c and Balance Sheet immediately after a transaction has been entered. It can also generate a range of comprehensive financial statements and reports.

Create a single ledger

Press Alt+G (Go To) -> Create Master -> type or select Ledger and press Enter.
Alternatively, Gateway of Tally -> Create -> type or select Ledger and press Enter.

Enter the Name of the ledger account.
Duplicate names are not allowed.

Enter the alias of the ledger account, if required.
You can access the ledgers using the original name or the alias name

Select a group category from the List of Groups.

Enter the Opening Balance.
The opening balance is applicable when the ledger is an asset or a liability, and also if it has a balance in the account as on the books beginning date.

Press Ctrl + A to save, as always

Voucher in Tally Prime

There are 24 pre-defined voucher types in Tally Prime for accounting, inventory, payroll and orders. You can create more voucher types under these pre-defined voucher types as per your business needs.
For example, for cash payments and bank payments, the predefined voucher type is Payment Voucher. You can also have two or more sales voucher types in Tally Prime for different kinds of sales transactions. For example, credit sales, cash sales, and so on.

Payment Voucher in Tally Prime

A payment voucher is a way to record payments made to suppliers and maintain a history of payments that your business has made. Companies use vouchers to gather and file supporting documents that are required to approve and track payments of liabilities.A payment voucher is a way to record payments made to suppliers and maintain a history of payments that your business has made. Companies use vouchers to gather and file supporting documents that are required to approve and track payments of liabilities.

Payment voucher- It is also called a debit voucher. A payment voucher is used to keep a record of payments made in cash or through the bank.

Some of the instances when a payment voucher is prepared are:

Payment of expenses such as rent, security, operating expenses, printing and stationery, etc.
Payment for purchase of raw material

Payment of expenses such as rent, security, operating expenses, printing and stationery, etc.
Payment for purchase of raw material

How to Use Payment Voucher in Tally Prime

Gateway of Tally -> Voucher -> Payment Voucher(F5) or F10: Other Voucher -> Payment voucher

Create ->Secondary ledger press Alt +C

Select Dr Telephone Leder and Cr Indian bank ledger enter the Amount Enter Bank Allocation screen appears then Inst No Enter

Accept the screen. As always, press Ctrl+A to Save.

follow the above steps for following transaction.
Apr 2 Amount Paid To Mr. Win India Was Rs.5000 Against Bill. No. AC075. Ch.No. 25132
Apr 4 Month Salary Rs.10000 By Cheque Paid Ch.No.25133
Apr 10 Paid Rent By ChequeRs.4500 .Ch.No.25134
Apr 11 Amount Paid To Mr. Cool Dream Rs.7000 By Cheque Discount Received Rs.700 Ch.No.25135
Apr 15 Electric Charge Paid Cheque .Rs.1500 Ch.No.25136
Apr 20 Paid Trade Expenses By Cheque Rs.2500 Ch.No.25137
Apr 25 Paid To General Expenses Rs.6000 Ch.No.25138

Receipt Voucher in Tally Prime

The receipt is the act of receiving, or the fact of having been received while voucher is a piece of paper that entitles the holder to a discount, or that can be exchanged for goods and services.

Receipt voucher- It is also called a credit voucher. A receipt voucher is used to keep a record of cash or bank receipt.

Some of the instances when a receipt voucher is prepared are:

Cash sales, Customer advances received, Receipt of interest, rent, etc.Refund of tax

How to Use Receipt Voucher in Tally Prime

Gateway of Tally -> Voucher -> Receipt Voucher(F6) or F10: Other Voucher -> Receipt Voucher
Create ->Secondary ledger press Alt +C

Select cr Commission Received Leder and Dr Indian bank ledger enter the Amount Enter Bank Allocation screen appears then Inst No Enter

follow the above steps for following transaction.
Apr 5 Amount Received M/r.Five Star Rs.15000 By Cheque Discount allowed Rs.750.Ch.No.42678
Apr 6 Dividend Received Rs.29000 By Cheque .Ch.No.13555
Apr 16 Interest Received By Cheque Rs.2000 Ch.No.41596
Apr 17 Amount Received Mr. Lion Mark Was Rs.19000 Discount Allowed Rs.1000 By Cheque Ch.No.89576
Apr 19 Received Branch Income Rs. 25000 By Cheque .Ch.No. 89156
Apr 26 Received House Rent Rs.3000 Ch.No.695472

Contra Voucher in Tally Prime

Contra entry in tally is done when the transactions involve cash and a bank account. In other words, any entry that includes both cash and bank accounts of an entity is called a contra entry.

How to Use Contra Voucher in Tally Prime

Gateway of Tally -> Voucher -> Contra Voucher(F7) or F10: Other Voucher -> Contra Voucher
Create ->Secondary ledger press Alt +C

Select cr Commission Received Leder and Dr Indian bank ledger enter the Amount Enter Bank Allocation screen appears then Inst No Enter

Accept the screen. As always, press Ctrl+A to Save.

follow the above steps for following transaction.
Apr 30 Deposit To Bank Rs.9000

How to Use Bank Reconciliation in Tally Prime

Gateway of Tally -> Banking -> Bank Reconciliation -> Indian Bank Enter
Alternatively,Go To -> Banking Utilities -> Bank Reconciliation -> Indian Bank Enter
Create ->Bank Date for Bank Reconciliation press Enter

Accept the screen. As always, press Ctrl+A to Save.

Company Transaction
1-4-2022	Paid Telephone Charge Rs.2000 By Cheque [Vodafone] Ch.No.25131
2-4-2022	Amount Paid To Mr. Win India Was Rs.5000 Against Bill. No. AC075. Ch.No. 25132
3-4-2022	Commission Received By Cheque Rs.10000 Ch.No.75461
4-4-2022	Month Salary Rs.10000 By Cheque Paid Ch.No.25133
5-4-2022	Amount Received M/r.Five Star Rs.15000 By Cheque Discount allowed Rs.750.Ch.No.42678
6-4-2022	Dividend Received Rs.29000 By Cheque .Ch.No.13555
10-4-2022	Paid Rent By ChequeRs.4500 .Ch.No.25134
11-4-2022	Amount Paid To Mr. Cool Dream Rs.7000 By Cheque Discount Received Rs.700 Ch.No.25135
15-4-2022	Electric Charge Paid Cheque .Rs.1500 Ch.No.25136
16-4-2022	Interest Received By Cheque Rs.2000 Ch.No.41596
17-4-2022	Amount Received Mr. Lion Mark Was Rs.19000 Discount Allowed Rs.1000 By Cheque Ch.No.89576
19-4-2022	Received Branch Income Rs. 25000 By Cheque .Ch.No. 89156
20-4-2022	Paid Trade Expenses By Cheque Rs.2500 Ch.No.25137
25-4-2022	Paid To General Expenses Rs.6000 Ch.No.25138
26-4-2022	Received House Rent Rs.3000 Ch.No.695472
27-4-2022	With Draw From Bank Rs.7000 Ch.No.25139
30-4-2022	Deposit To Bank Rs.9000

Bank Statement
Date	Particular	Reference	Dr	Cr	Balance
1-4-2022	Balance B/d				300000
3-4- 2022	Win India	25132	5000		295000
3-4- 2022	Vodafone	25131	2000		293000
5-4- 2022	Commission	75461		10000	303000
6-4- 2022	Five star	42678		14250	317250
7-4- 2022	Salary	25133	10000		307250
9-4-2022	ATM 15:15:49		2000		305250
10-4- 2022	Dividend			3000	308250
12-4- 2022	Cash			10000	318250
15-4- 2022	Cool dream	25135	6300		311950
16-4- 2022	Interest	41596		2000	313950
17-4- 2022	EB charges	25136	1500		312450
19-4-2022	ATM 15:45:06		30000		282450
22-4-2022	Dividend	13555		29000	311450
25-4-2022	General exp	25138	6000		305450
25-4-2022	Guna	35486		15000	320450
27-4-2022	Nathan	25140	50000		270450
29-4-2022	Salary	65456		100000	370450
30-4-2022	Cash			90000	460450
30-4- 2022	Cash	25139	7000		453450
30-4-2022	Interest			1000	454450
30-4-2022	Travelling	25141	20000		434450
				Closing	434450

Missing Entry For Bank Statement

Follow the above steps for following transaction.

9-4-22 Cash withdraw from Bank Rs 2000

10-4-22 Dividend Received Rs 3000

12-4-22 Cash Deposit in Bank Rs 10000

19-4-22 Cash Withdraw from Bank Rs

25-4-22 Amount Received from Mr. Guna Rs. 15000

27-4-22 Amount Paid Nathan Rs 50000

29-4-22 Salary received from Rs 100000

30-4-22 Cash deposit in bank Rs 90000

30-4-22 Interest Received Rs 1000

30-4-22 Paid Travelling Expenses Rs 20000

Profit and Loss In TallyPrime

Profit and Loss A/c is one of the primary financial statements that you can use to monitor the health of your business. It summarizes the revenues, costs, and expenses for a specific period, such as a quarter or a year. Thus, you can easily gather the net result of the business operations.

Using the Profit and Loss A/c in Tally Prime, you can measure the ability of your business to generate profit. Accordingly, you can take various measures to increase revenue, reduce costs, and so on. What’s more, you can view the Profit and Loss A/c in the browser.

How to Use Profit and Loss in Tally Prime

Gateway of Tally -> Report -> Profit & Loss A/C (F1)

Balance Sheet In TallyPrime

Balance Sheet is one of topmost financial statement prepared by the businesses. The financial details of the balance sheet help you and the external stakeholders to evaluate the financial performance of the business on a given date. Before knowing the steps to prepare a balance sheet and reading the balance sheet, it is important to be familiar with the components and format of the balance sheet.

Gateway of Tally -> Report -> Balance Sheet (F1)

Report Bank Reconciliation in Tally Prime

Gateway of Tally -> Banking -> Bank Reconciliation -> Indian Bank Enter
Alternatively,Go To -> Banking Utilities -> Bank Reconciliation -> Indian Bank Enter