What Bank Reconciliation Software Connects To
Reconciliation reads bank statement files, gateway settlement reports and UPI and transfer references, and exports to Tally. This page says what depends on each system and what is confirmed during scoping.
Statement files and no bank feed
Bank statements come in as the Excel or CSV file the bank provides, one account at a time. Each bank exports a slightly different file, and yours are read as they come. There is no direct bank feed on its own, since a live feed needs the bank’s own corporate arrangement. Where the client has one, reading it is a separate piece of scoping. The file route needs none of this.
What it connects to
What is confirmed during scoping
- The format of each bank’s statement file
- Which gateways are in use and how their settlement reports are laid out
- Whether receipts and payments come from an operations system
- The ledger names used for the Tally export
- Whether a direct link to Tally is needed or an export is enough
What stays outside
The software does not log in to net banking, and it does not replace Tally. Where every receipt and payment is already entered in Tally, reconciling there is the simpler route and the better use of the client’s money. This product suits teams whose collections and site payments live in an operations system while the books sit in Tally.
Frequently asked questions
Does it connect directly to our bank?
Not on its own. A live feed needs the bank’s own corporate arrangement. Downloading the statement and importing it works with every bank.
Will it read the file from any bank?
Yes. Each bank’s Excel or CSV file is read as it comes, and the column mapping is done once at set-up.
Does it post into Tally?
Reconciled entries export to Tally in your ledger names. Whether a direct link is needed is agreed during scoping.
Which payment gateways are covered?
Settlement reports from the gateway the client uses are read. Which gateways and report layouts are covered is confirmed during scoping.
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