Upload your bank statements and automatically import transactions into Tally/Tally Prime: AI-powered parsing, instant summaries and polished charts, accurate totals, and clean vouchers for faster reconciliation and easier tax filing.

Why this feature matters

Most SMBs still copy numbers from bank PDFs into Tally. It's slow, error-prone, and steals time from real work. Loupe Factory's new Tally Bank Import turns that drudgery into a 10-minute workflow with a fine-tuned AI model that understands bank statements out of the box.

Time & cost impact (for a 50-employee company, 5 bank accounts)

Assumptions (conservative):

• ~800 transactions/month across 5 accounts (≈160/account).
• Manual entry + reconciliation ≈ 2 minutes/transaction + 2 hours/month housekeeping.
• Loupe Factory import: ~2-5 minutes/account after first-time setup (mapping), including review & push.

How long does one import take?

• First-time setup: 20-40 minutes total to map frequent counterparties to ledgers.
• After setup: 2-5 minutes per account to upload, review AI summary, and push to Tally.
• For 5 accounts: ~10-25 minutes end-to-end in a typical month.

How it works (quick start)

1. Install the Loupe Factory Tally Desktop Connector (one-time). You can find the installer in the Tally Bank Import page.
   Run PowerShell as Administrator, then execute:
   powershell -ExecutionPolicy Bypass -File .\tally-proxy-bootstrap.ps1
   When prompted, allow the firewall exception. The proxy now listens on https://localhost:8443 and forwards to Tally on port 9000.
2. Confirm Tally's HTTP server is enabled (F1 → Settings → Connectivity; default port 9000) and keep the destination Company selected.
3. Open Workflows → Integrations → Tally Bank Import in Loupe Factory or jump to Tally Bank Import. The Tally host defaults to https://localhost:8443 so the browser talks through the secure proxy.
4. Enter bank & company names and upload unprotected PDF statements directly from your bank.
5. We parse each statement with AI to extract dates, amounts, narrations, instrument numbers, and counterparties.
6. Review the AI-generated summary, totals, closing balance, charts, and transaction table.
7. Map counterparties to existing Tally ledgers or toggle “Create missing ledgers” to add new ones on the fly.
8. Click “Push to Tally.” Credits become Receipt vouchers, debits become Payment vouchers, self-transfers become Contra vouchers. Banker's dates and instrument numbers flow through for reconciliation; duplicates are still skipped by Tally rules.
9. That's it! Your Tally books update instantly and you keep hours back every month.

💡Pro Tip: Use this workflow weekly to keep your Tally perfectly in sync with your bank. Focus on growing your business and let Loupe Factory handle the rest!

Benefits you'll notice immediately

• Speed: Days of typing reduced to minutes each month
• Accuracy: Fewer typos and missed transactions; duplicate-safe imports
• Visibility: Clear inflows/outflows, closing balance, and top counterparties before posting
• Control: Attach banker's date and instrument no. for faster reconciliation in Tally
• Scale: Handle thousands of lines without increasing headcount
• Universality: Works with native bank PDFs/CSV — no rigid templates
• Access: Included across all Loupe Factory subscription licenses

Tips & best practices

• Use consistent naming for counterparties so mappings stick
• Keep a short review checklist: totals match, unusual spikes, and any new ledger suggestions
• For large backfills, process one account at a time, then reconcile

Start today

In Loupe Factory, from the left navigation menu, open Workflows → Tally Bank Import or navigate to Tally Bank Import in Loupe Factory, upload your statements, and let the AI do the heavy lifting. If you'd like help, our team can walk you through your first import.

Want help implementing this? Talk to our team.