Bank reconciliation

Bank reconciliation in Tally Prime, step by step

Reconciliation is a separate step from import — it's where you confirm every voucher in your bank ledger actually cleared the bank, on the date the bank says it did, not the date you recorded it.

What it actually checks

Your books' date vs the bank's date

A cheque you issue and record today might not clear the bank for several days. Reconciliation isn't about whether a voucher exists — importing already guarantees that — it's about confirming, entry by entry, the date the bank actually processed it, so your bank ledger's balance matches the real bank statement on any given day, not just at month end.

The steps

Folio 1 In TallyPrime, go to Gateway of Tally → Banking → Bank Reconciliation, and select your bank ledger.

Folio 2 For each voucher listed, enter the date it actually cleared per your physical or e-statement — not the voucher date already in Tally.

Folio 3 Compare the reconciled balance Tally shows against your bank statement's closing balance for the same date. A match means every cleared entry is accounted for; a mismatch means something's missing, duplicated, or dated wrong.

Reconciliation works on whatever vouchers already exist in the bank ledger — however they got there, including ones imported from a bank2tally XML file.

Where this connects to importing a statement

Import first, then reconcile — not the other way round

Importing a statement (see our import guide) gets every transaction into Tally as a balanced voucher. Reconciliation is the review pass after that: it doesn't change any voucher's ledger or amount, only whether it's marked as cleared and on what date. Doing it regularly — not just at year end — is what keeps a mismatch small and easy to trace instead of a backlog you have to unpick months later.

When the balances don't match

Common causes of a reconciliation mismatch

A transaction wasn't imported at all — check the statement period actually covers the date range you're reconciling.
A transaction was imported twice — re-importing the same statement file creates duplicate vouchers; see our XML import errors guide.
A bank charge or interest entry was never separately recorded — banks sometimes post fees the statement shows but a manual entry process misses; a full statement import catches these automatically.

Questions

What is Bank Reconciliation in Tally Prime?

It's the process of matching every voucher in your bank ledger against your actual bank statement, confirming the real clearing date for each one, at Gateway of Tally → Banking → Bank Reconciliation.

Do I need to reconcile after importing a bank statement?

Yes — importing gets the transactions into Tally as vouchers; reconciliation is the separate step of confirming clearing dates against the statement, which import doesn't do for you.

Why doesn't my reconciled balance match the bank statement?

Usually a missing transaction, a duplicate import, or an unrecorded bank charge. Re-checking the statement period you imported and scanning for duplicate vouchers covers most cases.

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