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    BRS

    Uploaded by

    Debasish Gochhayat

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    BRS

    Uploaded by

    Debasish Gochhayat
    4 views2 pages

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    4 views2 pages

    BRS

    Uploaded by

    Debasish Gochhayat

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 2

    A process to ensure that the company’s records are correct with that of bank records.

    Every bank will have 3 GL Ac’s.

    1-Main

    2-Incoming

    3-Outgoing

    After the reconciliation process, payment and receipt entries in the incoming and outgoing GL will be
    transferred in to the bank Main GL

    Vendor Payment

    Vend Ac DR – Outgoing Bank Ac CR

    Receipt from Customer

    Incoming Bank DR – Customer Ac CR

    While Reconciliation Process

    Main Bank Ac DR – Incoming Bank Ac CR

    Outgoing Bank Ac DR – Main Bank Ac Cr - - Depends on the bank statement

    IDBI A/C 12345

    01.07.2022 opening Balance 0

    03.07.2022 Customer Pay 10000

    05.07.2022 Vendor Pay -3000

    09.07.2022 Customer Pay 2000

    SAP Bank Balance – 9000

    Received a bank statement from bank 10.11.2022

    01.07.2022 Opening balance 0

    03.07.2022 Customer Pay 10000

    09.07.2022 Customer Pay 2000


    Incoming Clearing Accounts
    Outgoing Clearing Accounts
    Main Bank Account
    Accounts for incoming payments that were not included in the statement
    Accounts for outgoing payments that were not included in the statement
    Accounts for other amounts not present in the bank statement
    Ensure that the vendor and customer are entered in the system

    F-47 Request

    F-48 Post advance Payment

    Clear Advance – F-54

    Final Payment F-53

    F-44 To clear Special Gl transaction

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