Accounting of branch but having one current Account

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This query is : Resolved

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A company with six branches, each having a separate GSTIN, faces challenges managing accounting with only one current bank account. All transactions across branches are processed through this single account, making it difficult to track individual branch finances and reconcile the bank balance accurately. The discussion aims to find a solution for maintaining distinct branch accounts and ensuring accurate financial records despite the consolidated banking.

Nikhil Sharma

Nikhil Sharma (Querist)

29 December 2025 Dear Sir,
A company has six branch in different states, therefore having separate GSTIN also. But the company has only one current Account. All branches payment, expenses, credit are being done with same bank account.

In this scenario since we have different GSTIN in all states, how to maintain Account of separate branches with one bank Account wherein most of the debit & credit entries are related to other branches.

Pls guide how to tackle this scenario....

Thanks

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

02 January 2026 One bank account with multiple GSTINs is permitted

Maintain Branch Control Accounts for each GSTIN

Route all bank entries via branch control

Book expenses & income branch-wise

Reconcile branch control monthly

GST compliance remains 100% accurate

Nikhil Sharma

Nikhil Sharma (Querist)

06 January 2026 Sir, In head office books we can do so, but how about the branch Accounts, and record bank entries, matching bank final balance wherein most of the debit & credit entries are pertain to other branch???

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