Simplify Payments with Precision: Integrated Payments & Accounting in TallyPrime 6.0

Simran Gupta | Updated on: April 9, 2025

Handling business payments manually can feel like juggling too many tasks at once. You finalize payments, update records, log into your bank portal, upload payment instructions, and then manually track payment statuses—all while ensuring reconciliation remains error-free. This multi-step process consumes valuable time and leaves room for discrepancies. 

With TallyPrime 6.0, we’re transforming the way businesses in the UAE manage payments by integrating payment execution and accounting—bringing efficiency, accuracy, and control to your financial operations. 

A Smarter Way to Handle Payments 

Imagine finalizing a payment in TallyPrime and seamlessly executing it without redundant steps. With our latest integration (available for Standard Chartered Bank in the UAE), you can: 

Record & Execute Payments in One Go 

Finalize transactions in TallyPrime and generate payment instructions instantly, ensuring a smooth, hassle-free payment process. 

Effortless Bank Uploads 

Export bulk payment files at the click of a button and upload them directly to your bank portal—saving significant time while eliminating manual errors and duplicate entries. 

Accurate & Automated Reconciliation 

Import bank-generated payment confirmation files back into TallyPrime, ensuring real-time updates to payment statuses and maintaining precise financial records with minimal effort. 

Seamless Supplier Communication 

Automatically send payment advice to suppliers, ensuring transparency, strengthening business relationships, and reducing follow-up queries—so you can focus on growth, not administrative tasks. 

Who Benefits the Most? 

This TallyPrime’s integration is designed for businesses and professionals dealing with high transaction volumes and frequent payments, including:  

• SMEs and enterprises managing bulk payments to suppliers.  

• In-house accountants who need a faster, error-free way to execute payments and reconcile records. 

How It Works – From Payment Creation to Reconciliation 

1. Create & Export Payments: Generate payment transactions in TallyPrime and export them as instructions for your bank. 
2. Bulk Upload & Execution: Upload payment files in bulk to the bank’s portal, reducing manual intervention and eliminating duplicate data entry. 
3. Consistent, Error-Free Processing: Payment instructions exported from TallyPrime always match book vouchers, ensuring accuracy. 
4. Simplified Reconciliation: Import bank-generated reverse feeds into TallyPrime—transactions automatically update with payment statuses and reference numbers, making reconciliation effortless. 

Why This Matters 

With integrated payments, businesses gain greater financial control, reduce processing time, and eliminate errors in payment execution. Whether you’re an SME or a finance professional, this feature ensures that managing payments is no longer a tedious, multi-step task but a streamlined, automated process. 

Experience seamless, precise, and efficient payment management with TallyPrime —because your business deserves smarter financial operations.