What is Banking in Tally ERP 9

[Amit]

Often, transactions could run into thousands per month for even a
small business. Business managers get a real boost from this new
functionality built into Tally.ERP 9 Release 3.0. In fact, it’s so
powerful and all-encompassing that Banking is assigned its own New
Section within the product.

Just what every business needs, the Bank allocation feature brings
everyday bank- related chores right to your fingertips and eases
transactions and processing.
Highlights:
Multiple instrument and Mode of Transaction details in single voucher

The new Banking feature allows you to record and monitor multiple
transactions in a single voucher. Also, while the old system only
captured the dates of transactions, this feature allows the monitoring
of transactions by Amount, Date, Instrument Number or modes (like
NEFT, Cheque, DD, etc.), thereby conveying a more complete picture.
The ability to identify payment modes in the system and separate dates
for each instrument eases bank reconciliation.
Instrument-wise reconciliation

Reconciliation can be done for each instrument rather than the entire
voucher. The instrument details (number, date, etc.) are displayed for
easier reconciliation.

In case of unseen transactions such as Bank charges, interest paid
etc., these can be captured in a new voucher without discarding the
BRS (Bank Reconciliation Statement) in progress. Further, existing
vouchers can be altered in case of any discrepancy found during
reconciliation.
Opening BRS

The new Banking feature allows the manual recording or automatic
carrying forward of the un-reconciled bank transactions from the
current year to the subsequent year (as Opening BRS). These can then
be reconciled in the subsequent year.
Cheque printing configuration with Preview

Enhanced cheque printing configuration with print preview to reduce
wastage. Further it has been simplified to copy measurements from
previous configurations.
Multiple cheque printing/capture

A separate “Cheque Printing” report (in the Banking section) has been
introduced to enable multiple cheque printing with ease. Also, know if
a cheque has been printed or not by a simple Yes or No against each
cheque.

Also, since it is sometimes not possible to know which Amount/
Favouring Name is going to be printed on which cheque leaf, cheque
details can also be recorded after printing.
Payment advice printing

A system-generated payment advice (covering letter for payments) can
be printed for a single or multiple vouchers.
Deposit slips printing

Deposit slips can be printed for a single or multiple cheques, further
simplifying Banking transactions.
Benefits:

* Saves time
* Reduces errors
* Simplifies banking
* Improves productivity
* Improves traceability

For more details follow the link
http://www.tallyacademy.in/tally-faq-news-blog/2011/04/07/what-is-banking-in-tally-erp-9/