Managing banking and accounting separately can slow you down in today’s fast-paced business world. Switching between bank portals, manually uploading statements, and reconciling transactions takes significant time, effort and resources. Errors in reconciled transactions are also critical problem for business owners when it comes to banking.
Introducing TallyPrime 6.0, a large vault of connected banking features that can transform the way businesses handle banking. Connected banking has become critical for businesses to bring banking and accounting into a single interface and seamlessly process both accounting and banking data together.
All-new connected banking in TallyPrime integrates business banking and accounting, providing real-time banking data directly within your accounting software. This feature simplifies banking by eliminating the need for separate logins to access your banking data.
Experience Connected Banking with TallyPrime 6.0
TallyPrime 6.0 Connected Banking brings your bank inside Tally, allowing you to handle payments, reconcile accounts, and access real-time bank updates, all from one place. No extra logins, no manual work, just seamless banking built into your accounting system.
Have a look at the key features under Connected Banking with TallyPrime 6.0:
Real-time balance
View live bank balances and recent transactions updates directly from TallyPrime powered by real-time connectivity with partner banks
Download bank statements instantly
Get bank statements instantly for a detailed view of your transactions and reconcile transactions in a single click with smart suggestions, saving time and reducing errors.
Single sign-in
Access all your bank accounts with a single login process without having to go through separate bank portal logins.
Automated accounting with bank statements
Import bank statements, assign ledger names or common ledger and complete the entire accounting process with a single click.
Secure access
Access to connected banking features with secure authentication to ensure safety and security of your transactions.
Connecting banking services are available for major banks like Axis Bank and Kotak Mahindra Bank, with more banks being added soon.
How can TallyPrime 6.0 Connected Banking Help You?
Have a look at some of the accounting and banking tasks that will be more seamless, automated, and efficient with TallyPrime 6.0 connected banking:
- Manage banking and accounting in one place without having to separately login to your accounting software and then your bank account to access transactions and then reconcile them.
- No more time-consuming and error-prone manual reconciliation. Automated bank reconciliation with smart suggestions and ledger assignment matches banking data to transaction data in TallyPrime reducing errors.
- With banking data directly linked to your accounts, generating reports and audit preparation becomes quick and accurate.
- Stay on top of cash flow with real-time bank balances and transaction updates within TallyPrime, helping you with cashflow management to make informed financial decisions.
TallyPrime 6.0’s connected banking takes financial management to the next level by bridging the gap between banking and accounting. No more juggling multiple platforms, manual reconciliations, or delayed transaction updates—everything you need is now integrated within TallyPrime. From automated reconciliation to live transaction updates, this feature empowers businesses to work faster, smarter, and with greater accuracy.
