In today’s fast-paced business environment, managing finances efficiently is crucial for smooth operations. TallyPrime 6.0 brings a game-changing feature: Connected Banking, designed to automate your banking tasks and reduce manual efforts. With this feature, businesses can seamlessly handle bank transactions, reconcile accounts, and make payments directly from TallyPrime. Let’s explore how Connected Banking in TallyPrime 6.0 can enhance your financial processes.

Connected Banking in TallyPrime 6.0 is an intelligent banking integration that enables companies to link their bank accounts directly with Tally. It does away with manual data entry and provides real-time, secure, and trouble-free financial transactions.

Automated Bank Reconciliation – Seamlessly reconcile your ledger entries with bank statements.

Direct Payments to Vendors & Employees – Make payments from TallyPrime without having to log in to your bank portal.

Secure and Trustworthy Transactions – Utilizes bank-authorized encryption techniques for secure transactions.

Auto Import and Reconciliation of Statements – Import and reconcile statements through automated means.

Multi-Bank Connectivity – Associate several bank accounts for convenient banking activities.

1. Bank Reconciliation with Automation

Automated reconciliation prevents tedious manual entry and the attendant risks of data discrepancies. Companies can easily automatically import bank statements and reconcile these with ledger posts using TallyPrime 6.0.

2. Effortless Payment Processing

Rather than entering beneficiary information manually and making payments through online banking websites, Connected Banking facilitates direct payments to vendors and employees using TallyPrime. Just choose the payee and confirm the transaction securely.

3. Instant Bank Statement Import

The days of downloading and uploading bank statements independently are over. With real-time statement import, users can fetch transactions from the bank and reconcile them easily with Tally entries.

4. Safe Transactions with Bank Validation

Safety is an utmost concern. TallyPrime 6.0’s Connected Banking provides complete safety with secure encryption and payment processing through reputable banking networks to eliminate the dangers of fraud.

5. Multi-Bank Transactions Made Easy

For companies working on several accounts, changing sites is tiresome. Connected Banking provides for attaching and managing a variety of banks on TallyPrime, keeping operations easy and quick.

Go to Features → Enable Connected Banking under Banking Settings.

Choose Your Bank from the list of banks supported.

Authenticate & Connect your bank securely.

Begin initiating payments, reconciling statements, and automating transactions with ease!

✔️ Time-Saving – Minimizes manual effort in banking transactions.

✔️ Error-Free Reconciliation – Automatic matching lowers discrepancies.

✔️ Better Security – Bank-approved encryption provides secure payments.

✔️ Smooth Workflow – Link several accounts in a single platform.

✔️ Enhanced Financial Management – Receive real-time cash flow and expense updates.