Integrate Tally
Integrate Tally with RazorpayX to sync account statement, vendor payments and payouts for easy reconciliation while accounting.
Tally is widely used accounting software known for its user-friendly interface. It helps businesses manage financial transactions, track inventory and comply with tax regulations. Tally provides customizable reports, ensures data security, and supports multi-user collaboration.
Integrate RazorpayX with Tally to streamline your financial processes. It enables automatic reconciliation of payments, simplifies expense tracking and enhances overall financial management. This integration facilitates seamless data flow between your accounting and payment systems, reducing manual efforts and minimizing errors in your financial records.
You must ensure a few things on your tally software.
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You can either install the Tally plugin file or share your tally license number if you want us to enable it for you.
Watch Out!
Ensure your Tally is up to date. If not, navigate to Help → Manage License → Update. Enter your Tally net Id and password.
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Back up your Tally data before starting the integration process.
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Navigate Manage → select the company you want sync with RazorpayX.
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Create 0% ledgers for mapping where relevant ledgers are not available. (GST ledgers)
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Go to Enable RazorpayX Integration and type YES.
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Enable Scheduler for automatic timely data sync.
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Click RazorpayX Settings and enter your MID and registered email ID (of the owner, admin or finance team) in lowercase, press enter. Authentication OTP is sent on your registered email. Enter the OTP, and start the integration on the RazorpayX Dashboard.
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Log in to the
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Navigate to My Accounts & Settings → Integrations → Tally.
Handy Tips
- If you do not find relevant ledgers, click Change on the top of the screen and select all the relevant ledgers/groups and click Apply Changes. Only the selected group's ledgers appear to map with RazorpayX.
- Click on the drop-down value that appears otherwise the mapping will not save.
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Configure Bank Ledgers. Select the relevant bank Ledger to map with RazorpayX Lite account, and similarly map the relevant ledgers with your listed bank accounts. You can search in the drop-down. Click Next.
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Configure GST ledgers. Select the relevant ledgers that records CGST, SGST and IGST- In case you have a common ledger, you can select the same ledger multiple times. Selecting GST ledgers are mandatory.
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Configure TDS Ledgers. You can map the required TDS ledgers from the drop-down or click Next to skip TDS ledgers.
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Import Vendors from Tally. You can either Map Existing Vendors or Import all Vendors. If you have an existing account on RazorpayX and Tally, we recommend you to Map Existing Vendors to avoid duplication. RazorpayX vendor list is displayed, select the relevant tally ledger for each vendor, manually. After the process is complete, click Next.
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Import Items from Tally. You can either Map Existing Items or Import all Items. After the process is complete, click Next.
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Configure Indirect Income Ledgers. Select the relevant ledger for Discounts and Adjustments. Click Next.
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Setup Expense and Purchase Ledgers. Click Change, select the relevant ledger and click Apply Changes for purchase ledger and expense ledger, respectively. Click Next.
Your Tally integration with RazorpayX is successful. The time it takes to sync depends on the number of ledgers you have on tally. It syncs only for the specific company that you choose and not all the companies stored in your tally account.
The
appears on your RazorpayX Dashboard left navigation. You can change the existing settings from Accounting → at any time.Handy Tips
We recommend you to hard refresh your RazorpayX Dashboard to ensure the synced data is updated at all times.
- Hard refresh for:
- Mac users: command ⌘ + shift + R
- Windows users: Ctrl + F5
Go to Tally and click RazorpayX Sync.
After you integrate with Tally, navigate to the Accounting tab from the
. You can sync your payouts and vendor payments to Tally here.Payouts are listed under the Expenses tab and Vendor Payments are listed under the Bills tab. (update image to tally)
The following are the available settings for your Tally Integration:
You can choose to disable or enable the following options:
- Sync and Categorise from RazorpayX to Tally
- Sync and Categorise from RazorpayX to Tally
You can also Refresh Tally Expense Accounts, Bank Ledgers and Tax Groups.
Setting rules will automate categorisation and hence reduce the manual effort drastically. You can set the following rules:
- Contact Rules
- Set contact rules for .
- Select the drop-down under Tally Expense Account and choose the relevant Account for the particular contact. You can also Add Contact + and add a new rule for it.
- Purpose Rules
- Set purpose rules for .
- Select the drop-down under Tally Expense Account and choose the relevant Account for the particular RazorpayX Purpose and select the relevant Tax Slab. You can also Add Purpose +.
Select the relevant Tally Vendor from the drop-down menu or + Create New Vendor to map it to the particular RazorpayX Contact to avoid duplication of vendors on Tally.
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