[0:00]Welcome to Tally help videos. In this video, you will learn how to send payments online from your SBI accounts using connected banking in Tally Prime. Once your SBI accounts are connected to TallyPrime, you can securely send payments online. To send payments online, you need to be a connected banking user with your SBI accounts connected to Tally Prime. With this secure facility to send payments, you save a great deal of time and smoothen the payment process. First, let's see how to enable online payments for a bank connection. Online payments can be enabled only by the user who initiated the bank connection. Press Alt Z, All banking options, bank connections. If you haven't logged in to connected banking, then you will need to log in. Select the SBI connection. Now press F9 to manage online payments. Let's enable online payments. Enter the OTP sent to your mobile number that is linked to your Tally.net ID. Online payments are enabled for all the users using the bank connection. It is important to note that while you enable online payments in Tally Prime, the payment approval process, the settings applied in your bank portal, and bank regulations remain unchanged. Now, let's send payments online using connected banking.
[1:50]To send payments online, ensure that your voucher has all the necessary bank details like account number and IFSC from your party and bank ledgers. To know how to record a voucher with payment details, watch our video.
[2:09:00]The link is in the description. From anywhere in Tally Prime, press Alt Z, and send payments. Press enter on the relevant bank ledger. From the e-payments report in banking activities, if you open the send payments report for a specific bank ledger, then the report opens for that bank ledger. Select the transaction and press S to send the payment. The payment is sent and a success message appears. Consider that your SBI account has multiple users and as a maker, you initiated the payment. Then, after entering the OTP, the payment will be submitted to the bank for approval or authorization by the checker on the bank portal. You can track all the payments initiated from Tally Prime in the e-payments report. Press F10 to get the online payment status.
[3:22]You get to view information like payment status, reference number and instrument number. As you saw, sending payments online using connected banking is a cake walk in Tally Prime. Now that you know how to send payments online, watch our video on how to get the payment status in Tally Prime. You can also send an automated payment advice to your supplier after the payment is successfully processed at the bank. Watch our video to learn how to do it. The links are in the description. Thank you. On any screen in Tally Prime, press control F1 to learn how to complete the task.
