About Bank Reco

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 February 2010 M cross check the Bank statement & Visual sofware accounting Bank book but Bank kook balance will not match with bank book. then what can i do.

Rahul Gupta

Rahul Gupta (Expert)
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12 February 2010 Certain Points to bechecked while doing Bank Reco >

1. Check the amount of Interest paid by bank and not included in the books.
2. Check the amount of charges in bank statement and not debited in books.
3. Cheques issued by the Co. and entered in books but not yet cleared from the bank.
4. Cheques deposited in the bank but not enetered in the books as recipts.
5. Direct payment made by bank by ECS or standing instructions and not yet enetered in books.
6. Direct deposit in bank like dividends etc. and not yet included in books.
7. Verify that cash send to bank for deposit is included in the same period as included in the books. There should not be any cash in transit.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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12 February 2010 Query is not clear. book bank balance always will differ from bank statement .you need to the BRS.

Book balance add: cheque issued but not presented for payment and less cheque deposited and not credited and bank charges

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