Ledger Reconciliation in TallyPrime simplifies the process of matching your party ledger with an external statement received from a customer, supplier, or other business party.
Instead of manually comparing printed statements with TallyPrime entries, this TDL provides a dedicated Ledger Reconciliation Report where you can select a ledger, review transactions, and enter reconciliation dates for transactions that have been matched.
As reconciliation dates are entered, the corresponding amounts are reflected under the As per Statement figures, helping you quickly understand how much of the statement has been matched with your books.
The solution also helps you:
View As per Books and As per Statement figures together.
Enter reconciliation dates against matched transactions.
Track debit and credit amounts that have been reconciled.
Identify differences between your books and the party statement.
Update the opening balance as per the external statement.
Reconcile individual ledgers when required.
Modify previously entered reconciliation dates when necessary.
This makes party statement reconciliation more structured, transparent, and convenient—similar to the way Bank Reconciliation works in TallyPrime.
Key Features
Ledger Reconciliation Report
Party-wise Ledger Selection
As per Books vs As per Statement
Reconciliation Date Entry
Debit & Credit Reconciliation
Opening Balance Adjustment
Ledger-wise Reconciliation
Modify Reconciliation Entries
Difference Tracking
Benefits
Reduce manual statement matching.
Quickly identify matched transactions.
Easily track unreconciled entries.
Compare book balances with party statements.
Save time during ledger reconciliation.
Improve accuracy in account verification.
How It Works
1. Open Ledger Reconciliation Report
Access the dedicated Ledger Reconciliation report from TallyPrime.
2. Select the Ledger
Choose the required party ledger and review its transactions.
3. Compare with the Statement
Match the transactions displayed in TallyPrime with the party's statement.
4. Enter Reconciliation Date
Enter the date for transactions that have been successfully matched.
5. Review Statement Figures
The reconciled debit and credit amounts are reflected under the statement figures.
6. Check the Difference
Compare the book balance and statement balance to identify any remaining difference.
7. Modify When Required
Previously entered reconciliation dates can be modified when the relevant option is enabled.
Who Can Use It?
Traders & Distributors
Wholesalers
Retail Businesses
Accountants
Finance Teams
Businesses managing multiple party ledgers
Companies regularly receiving customer/supplier statements
Looking for easier ledger reconciliation in TallyPrime?
Get a customized TDL solution from Shivansh Infosys to simplify your accounting workflow.
Call us: +91 84609 04467 | +91 63530 61867
Website: www.shivanshinfosys.in
Email: info@shivanshinfosys.com