BRS

The purpose is to find the differences in posing by you in your books and the bank books relating to the transactions between you and your banker. This difference is inevitable due to time and communication differences. If the entries are responded to within a shortwhile, it is accepted. If not it is ivestigated for correction.

brs checks for "totallity" some transaction which you may have not update in your passbook/cash book and banker has made some another transaction like debiting the account for bank charges

we take the balance of one account(either passbook or cash book) and try to explain what happened and the various reasons for the mis matching

even if the balance tally some of the transactions may vary so BRS help in reconcilation of the same

Note: BRS is prepared by the customer but not the banker

Pl.note that BRS is important for accounts in simple meaning we do analysis of payment & receipt of cheques .it is helpful to know the bank position.