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? Bank Plugin For Tally

The Bank Plugin for Tally integrates Tally ERP software with banking functions for ICICI Bank customers, allowing users to manage payments, reconciliation, and account management directly within Tally. Key features include auto reconciliation, real-time bank balance access, and multi-bank account management, which streamline accounting processes and reduce manual errors. This solution is ideal for SMEs and corporates seeking efficient banking integration with their accounting systems.

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Dolly Sen
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97 views3 pages

? Bank Plugin For Tally

The Bank Plugin for Tally integrates Tally ERP software with banking functions for ICICI Bank customers, allowing users to manage payments, reconciliation, and account management directly within Tally. Key features include auto reconciliation, real-time bank balance access, and multi-bank account management, which streamline accounting processes and reduce manual errors. This solution is ideal for SMEs and corporates seeking efficient banking integration with their accounting systems.

Uploaded by

Dolly Sen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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🧾 Bank Plugin for Tally – Detailed Report

🏢 What is Bank Plugin?

Bank Plugin is the industry’s first solution that integrates desktop-based accounting ERP software
like Tally with banking functions, particularly for ICICI Bank customers. It enables users to handle
payments, reconciliation, and account management directly within Tally ERP or TallyPrime—
ensuring seamless synchronization between banking and accounting.

✅ Key Functional Features

1. Direct Payments from ERP with Auto Reconciliation

 Payments made from the ERP using the Bank Plugin are auto-linked to respective party
ledgers.

 Eliminates manual data entry and improves accuracy in accounting.

2. Bank Reconciliation Statement (BRS)

 ICICI Bank statement is fetched directly into ERP.

 Pre-filled details in the voucher entry help users perform quick BRS without manual
matching.

3. Fetch Bank Balance & Statement

 Real-time access to ICICI Bank current account balances and transactions inside ERP.

4. Multi-Bank Account Access & Reconciliation

 View and reconcile current/savings accounts from multiple banks.

 Enables cross-bank reconciliation without switching platforms.

💡 Advantages of Using Bank Plugin

Feature Benefit

Account Aggregator View & reconcile multiple bank accounts

Unified Platform Manage both accounting & banking from ERP

MOP-based Approvals Complies with bank’s Mode of Operation

DIY Integration Quick setup in 4 simple steps

Secure Transactions OTP verification ensures safety

Time & Cost Saving Reduces manual effort and accounting errors

🔍 Advanced Features
 Real-Time Reconciliation Window: Monitor company and bank book from one place.

 Reconciliation Statuses:

o "Reconciled with Tally/BUSY"

o "Match not found"

o "Fully Matched / Partially Matched"

 Auto-filled Bank Vouchers: Fetches exact bank details into ERP vouchers.

 Adhoc Beneficiary Payments: Make instant payments without prior registration.

 Auto Voucher Creation: Based on payment data.

 Real-Time Dashboard: For payment status tracking and reconciliation.

 Instant Alerts: Send payment advice via email or WhatsApp to vendors, clients, or
employees.

How It Works: Integration Steps

Step Description

1. Register Sign up on Bank Plugin portal using your ERP license number.

2. Download Access and download the plugin from your dashboard.

3. Configure Install and integrate the plugin into your desktop ERP system.

4. Approve Register and link your ICICI Bank current account.

🔁 Once done, you can begin transacting and reconciling within minutes.

📈 Why It’s a Game-Changer

 Eliminates need for internet banking portal access for every transaction.

 Automates manual tasks, reducing financial team workload.

 Improves audit readiness with cleaner, reconciled books.

 Provides a digital trail of every transaction initiated from ERP.

🎯 Who Should Use This?

 SMEs, Corporates, or any business using:

o Tally ERP 9 / TallyPrime

o ICICI Bank current accounts

o Desiring faster, safer, and automated banking within ERP

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