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Bank Accounts Full Account number

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Kishore Nuthalapati

Accountant for multiple small entities

154 Points Posted on 28 June 2023

Hi Sir or Madam

As part of entering account numbers in tally we are showing full bank account number in the ledger name

please advise is it correct accounting practice in view of any confidentiality issues as we share our balancesheets to several third parties on necessary basis

Thanks in advance

Replies (3)

Quick Summary

This discussion explores the accounting practice of displaying full bank account numbers within Tally ledger names. Participants advise against this due to potential confidentiality issues when sharing balance sheets with third parties. Recommended alternatives include naming ledgers with the bank name and a reference, storing the full account number and other details like IFSC code in the designated fields within Tally, rather than the ledger name itself.

Harshit Sarawgi

56 Points Posted on 28 June 2023

In Leger Name Show Name of the Bank, then below they will ask for A/c no., etc. there you enter bank account number, branch, ifs code, etc.

RAJA P M

"Do the Right Thing...!!!"

77833 Points Posted on 28 June 2023

As per Your question, better to avoid full account number.

Simply create name like - Canara Bank CA No. 1234

NARENDRA

ACCOUNTS MANAGER

1041 Points Posted on 21 July 2023

There has a option you can type full account number below under the groups while creating a new account no. also having the options like ifsc & BSR code. so you have an option available, it helps to avoid writing with a ledger name .