• Home
  • Transaction Authorisation

Transaction Authorisation

Transaction Authorization module in Tally.ERP 9 empowers businesses to ensure accuracy and control over their financial transactions by implementing a robust approval process. With this module, transactions are only reflected in the books of accounts once they have been authenticated by authorized personnel, enhancing transparency and accountability in financial operations.

Key Features

  1. Value-Based Transaction Approval: Administrators can set specific amount limits or ranges for each user, dictating the level of verification and authorization required based on the transaction amount. This ensures that higher-value transactions undergo thorough scrutiny before approval.
  2. Mandatory Remarks: Users are required to provide remarks at each stage of voucher approval, facilitating clear communication and documentation of the approval process. This helps in maintaining an audit trail and ensuring accountability for authorized transactions.
  3. Revision of Transactions: Users have the ability to send transactions back for revision to the verifier and creator if needed. This enables collaboration and ensures that all necessary changes are made before final authorization.
  4. Authorization Dashboard: The module provides a user-friendly dashboard for creators, verifiers, and authorizers, allowing them to track and manage the authorization process efficiently. Users can easily view pending approvals, review transaction details, and take necessary actions from a centralized interface.
  5. Transaction Status Report: Users can access a comprehensive report that displays the status of transactions created or verified by them. This report offers real-time visibility into the progress of transactions through the authorization workflow, enabling timely decision-making and follow-up.
  6. Bulk Authorization: Streamline the authorization process by authorizing multiple transactions simultaneously. This feature saves time and effort by allowing users to approve batches of transactions with just a few clicks.
  7. Rejected Transaction Handling: In cases where a transaction is not deemed suitable for approval, users have the option to reject it. This ensures that only valid and authorized transactions are reflected in the books of accounts, minimizing errors and discrepancies.
  8. Transaction Authorization Trail: Gain insights into the entire lifecycle of transactions with a detailed audit trail that records all changes made from creation to approval. This feature enhances transparency and facilitates compliance with regulatory requirements.

Experience the efficiency and control of Transaction Authorization in Tally.ERP 9 by scheduling a demo today.