how to prepare banking reconciliation statement

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vijay kumar

vijay kumar (Querist)
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27 September 2009 Please experts let me know how to prepare BRS and the detail procedure involved?

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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27 September 2009 Dear Vijay,

It's realy easy to reconcile bank.

Just to find out the reasons for which there is any difference between your bank balance as per your books of accounts and as per mabk statement and then adjust in a statement.

Start with Bank balance as per books xxxxx
Add:Cheque issued(paid to any person)
but not presented to bank

Add:Any other item/payments which has
increased your bank balance in bank
books,e.g. online fund deposited to
your account.

Less:Any cheque deposited but not yet
reflected in Bank statement
Less: any charges debited by Bank and not yet effected in your books

Now you get Bank balance as per bank statement yyyyy

Please remember you can also start for balance as per bank statement and can arrive at balance as per your books of accounts.

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CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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27 September 2009 In case of any further information/confusion please inform

vijay kumar

vijay kumar (Querist)
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27 September 2009 Thank you very much sir.
I have to know how to prepare BRS for a large company having lots of transactions with an example. Please guide me sir

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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27 September 2009 Dear Vijay,

Large or small does not matter. Just understand the concept. If you are using any software, like tally, things become more easy to prepare the BRS.

For detailed understanding you have to refer Study books on accounts for B.COM

vijay kumar

vijay kumar (Querist)
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27 September 2009 Thank you very much sir again,
Please let me know the issues to be concerned while auditing a BRS?
Please please help me sir

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