BANK RECONCILIATION STATEMENT

In Tally BRS can be prepared in the following manner.

1. Open the bank ledger account by selecting the following options.

Gateway of tally àDisplay à Account Books à Cash or bank books.

  

1. Select the bank account which is to be reconciled. The bank statement or pass book should be kept ready such period for which reconciliation is to be made. Eg.1.4.09 to 30.6.09 .

2. Click reconcile button. Now the new “bank date” column will be added to the bank statement.

3. Verify whether each entry is appearing in the bank statement or not. If it appears enter the date as per bank statement if it does not appear, skip the bank date column.

4. For such transactions which are accounted by bank and not accounted by the user company, such as bank charges, locker rent, insurance, interest etc. Make appropriate entries in voucher entry before starting the reconciliation.

            After the above process, the balance as per the bank column in tally should be equal to the actual closing balance as per bank statement.

            When reconciliation is made for the next accounting period repeat the above process now entries not reconciled in the previous period will be displayed along with entries recorded in the current period.