Here’s how you can Automate banking through Instabill Pro
1. Imported Bank Statement into Tally
- Once you are in the respective voucher (Payment or Receipt), you can use the Import Data feature.
- Go to Gateway of Tally → Instabill intregation → Payment and receipt.
- Select the Excel file you prepared and import it into Tally.
- Ensure that the Excel data matches the format Tally expects, which includes Date, Description, Amount, and Type of Transaction (Debit/Credit).
2. Automatic Posting of Entries
- Tally will automatically post all the transactions from your bank statement into the relevant ledgers.
- The transactions will be reflected in your payment and receipt vouchers, saving you the time of manual entry.
3. Set Up Automation for Suspense Transactions
- You can select multiple of transaction to clear suspense on the narration filter basis and fetch again on tally then all suspense entries automatically clear on tally.
- This reduces the likelihood of transactions being placed in the suspense account.