Difference in bank and accounting software

Vivek Agarwal (Free Lancer) (6 Points)

02 May 2016  

Hi,

There is a difference in my bank account when compared to my accounting package. This is going on from the past 3-4 years and I found it out recently.

In simple, my Bank shows I have Rs.1 lakh and my accounting package shows I have Rs. 50,000 only. This difference is there from the past 3-4 years and I don't maintain any BRS.

How should I resolve this?