🔗 Connected Banking 2.0 in Tally Prime 7.0
Introduces Connected Banking 2.0
A Smarter Banking Experience by Ajay Infotech
Banking and accounting are closely connected in every business. Recording bank transactions manually, matching entries, and correcting mistakes takes time and effort. To solve this challenge, Tally Prime 7.0 introduces an upgraded feature called Connected Banking 2.0.
At Ajay Infotech, we believe this feature will significantly improve accuracy, speed, and control in daily accounting operations.
💡 What is Connected Banking 2.0
Connected Banking 2.0 allows TallyPrime to connect directly with your bank accounts. This enables automatic access to bank transactions and simplifies reconciliation and accounting entries.
It is an advanced version of the earlier connected banking feature with better performance, better integration, and smoother workflow.
⚙️ Key Features of Connected Banking 2.0
Connected Banking 2.0 in TallyPrime 7.0 offers the following powerful features:
• Automatic bank transaction fetching
• Faster and smarter bank reconciliation
• Direct creation of accounting entries from bank data
• Reduced manual data entry
• Improved accuracy and control
• Secure banking connectivity
📊 How Connected Banking 2.0 Helps Businesses
This feature improves daily accounting work in many ways:
• Saves time by reducing manual voucher entry
• Minimizes errors in bank-related accounting
• Makes bank reconciliation faster and easier
• Improves visibility of bank transactions
• Helps in better cash flow monitoring
• Supports faster decision making
🛠️ How It Works in TallyPrime 7.0
The process is simple and user friendly:
• Connect your bank account securely in TallyPrime
• Fetch bank transactions automatically
• Match transactions with existing vouchers
• Create vouchers directly from bank entries
• Reconcile bank statements quickly
This workflow reduces dependency on external bank statements and manual reconciliation.
🔐 Data Security and Reliability
Connected Banking 2.0 is built with strong security standards:
• Encrypted banking communication
• Secure authentication methods
• Controlled access within TallyPrime
• Protection against unauthorized use
Ajay Infotech ensures that businesses can use this feature with full confidence in data safety.
📈 Who Should Use Connected Banking 2.0
This feature is ideal for:
• Small and medium businesses
• Traders and retailers
• Service companies
• Accounting professionals
• Chartered accountants
• Businesses with multiple bank transactions
At Ajay Infotech, we strongly recommend Connected Banking 2.0 because:
• It simplifies bank accounting
• It improves accuracy and productivity
• It reduces workload for accounting teams
• It supports modern digital accounting practices
• It enhances overall business efficiency
📘 Conclusion
Connected Banking 2.0 in TallyPrime 7.0 is a powerful step towards smarter and more connected accounting. By integrating banking and accounting in one platform, TallyPrime makes financial management easier, faster, and more reliable.
Ajay Infotech is always ready to help businesses upgrade to TallyPrime 7.0 and configure Connected Banking 2.0 for smooth and secure operations.