About Bank Reco
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 book balance will not match with bank statement.Then what can i do.Plz tell me another option to tally the Bank Reco.
12 February 2010
Certain Points to be checked 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.
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.
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
Book balance add: cheque issued but not presented for payment and less cheque deposited and not credited and bank charges
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