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TALLY TUTORIAL
 
Reconciling the Company's
Bank Accounts with the Bank Statement is a fundamental and regular task of
accounting.
At the end of this
unit you will able to reconcile the company's bank accounts with your
banker's statement.
Tally Walk-through on
reconciling bank accounts
- Your current account
bank has sent you a bank statement for the week ended 7 May 1998
showing the following entries
Bank
Statement of J C Computer Supplies
- Current Account
| Date |
Particulars |
Deposits |
Withdrawals |
Balance |
| 1-5-98 |
Balance
b/f |
|
|
35000.00 |
| 4-5-98 |
Cheque
12789 ref Employee Wages |
|
600.00 |
34400.00 |
| 4-5-98 |
Cheque
12790 ref R N lyer |
|
500.00 |
33900.00 |
| 7-5-98 |
Balance
c/f |
|
|
33900.00 |
-
Bring
up the monthly summary of Current Account. (Display/Account Books/Bank
Books and select the account).
- Bring your cursor to May
and enter. This brings up
the vouchers for the month of May l998.
Since you want to reconcile the statement for the period 1-5-98
to 75-98, change display dates to reflect the same period. (Hint -
press F2).
- It is helpful to see the
Narration as that contains cheque numbers and other details.
So press Fl2:Configure and activate Show Narration.
- Since this is a Bank
Account, an additional button F5: Reconcile will be visible on
the right. Click on F5.
- The display now becomes
an Edit screen in reconciliation mode. The primary components are :
- A column for the
Banker's Date
.
- The Reconciliation
at the button of the screen, showing:- Balance as per Company
Books amounts not reflected in Bank and Balance as per bank.
- Enter the bank date for
the two payment vouchers for 500.00 and 600.00. Note that you will
find the change at the bottom for each and every voucher reconciled.
Leave the dates blank for other vouchers by press Enter and accept the
screen.
- The next time you come
for reconciliation, you will be presented with only those vouchers,
which remain unreconciled. You are taken back to the ledger display of
the account.
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