company reconcilation in tally

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vijaykumar (Querist)
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08 August 2008 sir,
in tally bank reconcilation is a one of the useful feature.in this way company reconcilation is also avialable or not if yes procedure tell me

CA Naveen Kumar Agrawal

CA Naveen Kumar Agrawal (Expert)
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09 August 2008 I dont Kno the exact Feature of Tally u r talkin abt. I can suggest u a alternative way for the same.

Open following two a/cs:
1. "Cheque Issued but not yet Presented" (under the "Sundry Creditors" Group)
2. "Cheques deposited but not yet cleared" (under the "Sundry Debtors" Group)

Now make the Following Entries at the year end (as per requirement)

1. Bank A/c ...........................Dr.
..........To Cheques Issued but not yet Presented

2. Cheques deposited but not yet cleared Dr.
.............To Bank A/c

CA Naveen Kumar Agrawal

CA Naveen Kumar Agrawal (Expert)
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09 August 2008 In the next F.Y. whn all the cheques will be cleared/paid reverse entry shall be passed in the journal.

1. Cheques Issued but not yet Presented Dr.
............ To Bank A/c

2. Bank A/c......................Dr.
.......To Cheques deposited but not yet cleared

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