payments

TallyPrime Razorpay Integration - Auto Payment Reconciliation

ERPPlugs's TallyPrime-Razorpay connector automatically reconciles all Razorpay payments with TallyPrime ledgers. Handles settlements, fees, GST on fees, refunds, and multi-bank reconciliation. Saves 10+ hours per week on manual reconciliation. From Rs 4,999/month.

Auto-reconcile Razorpay payments with TallyPrime ledgers

5-minute setup30-day money backNo coding required

Overview

Payment reconciliation is the most time-consuming task for Indian businesses using Razorpay. This connector fetches every payment, settlement, refund, and fee from Razorpay and creates corresponding vouchers in TallyPrime. Settlement amounts match perfectly with bank entries. Platform fees and GST on fees are tracked in separate ledgers for accurate accounting.

Data Sync Details

Data Type	Direction	Frequency
Payments	Razorpay → TallyPrime	Real-time
Settlements	Razorpay → TallyPrime	Daily
Refunds	Razorpay → TallyPrime	Real-time
Fee Deductions	Razorpay → TallyPrime	Per settlement

Features

Automatic payment import from Razorpay

Transaction-level reconciliation

Fee and GST accounting on separate ledgers

Settlement matching with bank entries

Refund tracking and credit notes

Multi-bank settlement support

Subscription payment tracking

QR code payment reconciliation

TDS tracking on commissions

Exception handling with alerts

Key Benefits

Save 10+ Hours/Week

No more manual payment matching at month-end.

Accurate Fee Tracking

Every rupee of Razorpay fees and GST accounted for.

Real-Time Visibility

Know your collected vs settled amounts instantly.

Error-Free Books

Automated matching eliminates human errors.

Setup in Minutes

1

Connect Razorpay

Enter your Razorpay API key and secret for secure access.

2

Map Tally Ledgers

Link Razorpay payment modes to your Tally bank and fee ledgers.

3

Set Reconciliation Rules

Configure matching criteria and exception handling preferences.

4

Run Initial Reconciliation

Process historical transactions and verify accuracy.

Frequently Asked Questions

The ERPPlugs TallyPrime-Razorpay connector fetches all transactions from Razorpay via API, matches each payment with the corresponding invoice in TallyPrime, and creates receipt vouchers automatically. Settlement amounts are reconciled with bank entries so your Tally books match your actual bank balance. This eliminates the tedious manual matching that typically takes 10+ hours per week for businesses with high transaction volumes.

Yes, the ERPPlugs TallyPrime-Razorpay connector automatically accounts for Razorpay platform fees and the 18% GST charged on those fees in separate TallyPrime ledgers. This separation is important because it enables Indian businesses to claim Input Tax Credit (ITC) on the GST portion of Razorpay fees during GST filing, which many businesses miss when reconciling manually.

Yes, the ERPPlugs TallyPrime-Razorpay connector categorizes every payment by its method — UPI, credit card, debit card, net banking, or wallet — and maps each to the appropriate TallyPrime ledger. This gives Indian businesses a clear breakdown of payment mode preferences and helps with bank reconciliation since different payment methods settle at different times.

Yes, the ERPPlugs TallyPrime-Razorpay connector fully supports Razorpay Route with automatic tracking of transfers to linked accounts, settlement splits, and commission deductions. This is particularly useful for Indian marketplace businesses and platforms that need to split payments between multiple vendors while maintaining accurate accounting in TallyPrime.

When a refund is processed in Razorpay, the ERPPlugs TallyPrime-Razorpay connector automatically creates a credit note or journal entry in TallyPrime that reverses the original payment entry. The connector also adjusts the Razorpay fee reversal so your ledgers accurately reflect the net financial impact of the refund, including any partial refund scenarios.