| Apr-17-2025

Simplify Banking and Payments with TallyPrime

TallyPrime 6.0 helps bridge this gap by integrating banking and accounting into one platform. Businesses can now manage transactions, process payments, and reconcile accounts without switching between different platforms. With built-in banking capabilities, it streamlines operations, improves cash flow visibility, and reduces manual work—making comprehensive financial management smoother and more accurate.   

 

Key features of TallyPrime 6.0 

 

Enhanced bank reconciliation – Stay in sync with your bank   

Keep your books in sync with your banking transactions through TallyPrime’s intelligent, automated matching. With smart suggestions, TallyPrime helps you match unreconciled transactions and adjust any discrepancies, saving time and effort. This ensures faster bank reconciliations and timely audit account finalizations and provides real-time financial insights. Available for 145+ banks in India, TallyPrime supports multiple statement formats, allowing for easy import directly into the platform.

 

Automated accounting using bank statements – Effortless accounting   

With TallyPrime 6.0, payment and receipt voucher accounting are simplified seamlessly. From importing bank statements to assigning ledger names or common ledgers, complete the entire process in a single click. This streamlined workflow eliminates repetitive data entry and allows you to add bill details or allocations as needed while creating vouchers, boosting efficiency and ensuring accuracy in your records.   

 

Integrated payments and accounting – Empower payments with precision   

Recording transactions and managing payments is a seamless process with TallyPrime 6.0. With support for 2 banks in India, you can seamlessly record payments directly within TallyPrime, generate bulk payment files in bank-specific formats, and upload them to the bank portal. This integration simplifies processes and makes them faster, more convenient, and error-free. You can update transaction statuses from the bank to TallyPrime and send payment advice to suppliers while streamlining tracking, reconciliation, and communication.   

 

Connected banking – Bringing the bank inside TallyPrime   

TallyPrime 6.0 brings banking into your accounting system with secure login and real-time connectivity to partner banks. Once connected using bank authentication, you no longer need to log in to your bank portal separately—access live balances and transaction updates directly within Tally, accelerating your business processes. Plus, you can benefit from working capital loan offers through partnerships with financial institutions, helping support both your operations and business growth.  

 

Collect with ease – Simplified collections   

Simplify your collections by embedding payment links while in invoices (integrated with two leading payment gateways) or print dynamic UPI QR codes, automating collections and improving cash flow.  

 

How TallyPrime benefits your business   

Real-Time cash flow insights   

TallyPrime offers real-time visibility of your bank balances and transactions, allowing you to make proactive financial decisions and manage your cash flow without delays or guesswork. 

  

 Enhanced operational efficiency   

 With Tallyprime, reduce manual work, improve accuracy, and speed up your accounting processes, freeing up time for more strategic tasks.   

 

Simplified payment and transaction management   

Record payments directly within TallyPrime, generate bulk payment files in bank-specific formats and upload them quickly to your bank portal—saving time and reducing errors. Real-time transaction updates keep everything in sync. 

  

Improved financial decision-making  

With all your financial data in one place, TallyPrime provides instant insights that help you make informed, timely decisions. It also simplifies access to working capital loans, supporting business growth. 

 

Streamlined accounting and audit preparation 

Integrated banking data makes financial reporting and audit preparation more efficient. Automated reconciliation and accurate reports save time and ensure readiness for audits.

    

Increased scalability for growth 

As your business expands, TallyPrime automates key financial processes, allowing you to scale without increasing manual workload. This efficiency supports your growth while maintaining control over finances.   

 

Conclusion 

TallyPrime 6.0 streamlines financial management by integrating banking and accounting into one platform, helping businesses save time, reduce errors, and make informed decisions. With real-time insights, automated bank reconciliations, and simplified payments, TallyPrime enables smoother operations, improved cash flow, and business growth—allowing you to manage finances seamlessly and focus on long-term success.