Accounting of branch but having one current Account
This query is : Resolved
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
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
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
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
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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