Can tally be used in banks?

Asked by Last Modified  

Follow 1
Answer

Please enter your answer

C Language Faculty (Online Classes ) Having 10 Years Experience

TallyPrime supports e-Payments for certain banks, auto reconciliation of bank statements for a set of banks, and various cheque formats for many banks. You can find the features that are supported for your bank.
Comments

C Language Faculty (Online Classes ) Having 10 Years Experience

TallyPrime supports e-Payments for certain banks, auto reconciliation of bank statements for a set of banks, and various cheque formats for many banks. You can find the features that are supported for your bank.
Comments

"Rajesh Kumar N: Guiding Young Minds from 1 to 12 with Expertise and Care"

Yes, Tally can be used in banks for functions like: Account management: Managing customer accounts, creating ledgers, and recording deposits and withdrawals. Transaction processing: Recording bank transactions such as loans, interest, and bank fees. Reconciliation: Bank reconciliation to match...
read more
Yes, Tally can be used in banks for functions like: Account management: Managing customer accounts, creating ledgers, and recording deposits and withdrawals. Transaction processing: Recording bank transactions such as loans, interest, and bank fees. Reconciliation: Bank reconciliation to match the bank’s records with the company’s books. Financial reporting: Generating balance sheets, profit and loss statements, and other financial reports. However, Tally is not typically designed for the complex operations of large banks and is more suited for smaller banks or credit institutions. For larger, more specialized banking needs, banking-specific software is generally used. read less
Comments

View 1 more Answers

Related Questions

Does any training or cerification is required to learn Tally Software?
Absolutely No. You can speak instead Papers in Interview.
Profile Photo
Bhavesh
Why does balance sheet always tally?
Can you type your question again because I am not understanding what are you asking
Profile Photo
Muskan
0 0
View Comments6
How many type of account in tally?
Tally has 3 main account types: 1. Personal 2. Real 3. Nominal
Profile Photo
Ms
0 0
View Comments5
How can I display HSN code in tally ERP 9?
enable the relevant settings and then specify the HSN codes at different levels (company, stock group, stock item, or ledger).
Profile Photo
Franziska
0 0
View Comments5
How much time do we need to learn Tally?
It's depend on your practice
Profile Photo
Vivek
0 0
View Comments5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Goods & Services Tax: One Nation One Tax: For Everyone.
GST - Goods & Services Tax Benefits: To Create a unified Common national market. To boost economy: generate more employement. Reduction in Compliance costs. Multiple Record not required to maintain. Uniformity...
Profile Photo

Highlights Of Some Recent GST Council Meetings
Highlights of 22nd GST Council Meeting at New Delhi on 6 Oct. 2017 GST Council in its 22nd Meeting at New Delhi has recommended certain facilitative changes to ease the burden of compliance on small and...
Profile Photo

Basics of Accounting for Tally ERP 9.0 users
Finance Study of accounts, investments or treasury management. More over finance comes as synonym to Accounts or accounts related field but Finance in itself is a universal terminology that comprises...
V

Vaibhav R.

0 0
View Comments0

What Is The Objective Of Accounting?
Accounting operates within a broad socio-economic environment, and so, the knowledge required of the accountant cannot be sharply compartmentalized. It is therefore, difficult to discuss one area without...
Profile Photo

Error Code 2013
Error Code 2013: Invalid or incorrect Tally.NET ID or password This error occurs when you enter an incorrect or invalid Tally.NET ID, administrator e-mail ID, site administrator e-mail ID, or password. Solution You...
Profile Photo

Recommended Articles

Microsoft Excel is an electronic spreadsheet tool which is commonly used for financial and statistical data processing. It has been developed by Microsoft and forms a major component of the widely used Microsoft Office. From individual users to the top IT companies, Excel is used worldwide. Excel is one of the most important...

Read full article >

Almost all of us, inside the pocket, bag or on the table have a mobile phone, out of which 90% of us have a smartphone. The technology is advancing rapidly. When it comes to mobile phones, people today want much more than just making phone calls and playing games on the go. People now want instant access to all their business...

Read full article >

Software Development has been one of the most popular career trends since years. The reason behind this is the fact that software are being used almost everywhere today.  In all of our lives, from the morning’s alarm clock to the coffee maker, car, mobile phone, computer, ATM and in almost everything we use in our daily...

Read full article >

Applications engineering is a hot trend in the current IT market.  An applications engineer is responsible for designing and application of technology products relating to various aspects of computing. To accomplish this, he/she has to work collaboratively with the company’s manufacturing, marketing, sales, and customer...

Read full article >

Looking for Tally Software classes?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you