tally notes

🔽Bank reconciliation🔽

Bank reconciliation explains the difference between the bank balance shown in an organization's bank statement and the corresponding amount shown in the organization's accounting records, on a particular date.

To reconcile the bank statement

Go to 'Gateway of Tally > Banking > Bank Reconciliation'

Select the name of the required bank

The 'Bank Reconciliation' screen appears:

Match every transaction with the bank statement and record the transaction date in the 'Bank Date' field.
Accept the screen to reconcile the bank ledgers as per the corresponding banking statement.

🔽TRAIL BALANCE
🔽PROFIT AND LOSS ACCOUNT

BALANCE SHEET
🔽COST CATEGORY IN TALLY


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