Bank Reconciliation Statement (BRS)

1. What is Bank Reconciliation Statement (BRS)?

A Bank Reconciliation Statement (BRS) reconciles the difference between the balance shown in your company's Cash Book (Bank Ledger) and the balance reported by the bank passbook / bank statement. Timing differences arise because cheques issued by you may not have been presented yet, or bank charges/interest were recorded directly by the bank.

2. Causes of Differences

• Cheques issued but not yet presented for payment: Company has credited bank, but money has not yet left the bank account.
• Cheques deposited but not yet cleared: Company has debited bank, but funds are in clearing.
• Bank charges / Interest credited: Recorded by bank first, missing in company books.

3. Performing BRS in TallyPrime (Educational Mode)

1. Go to Gateway of Tally → Banking → Bank Reconciliation → Select your Bank account (e.g. State Bank of India).
2. The screen lists all vouchers with two date columns:
   • Instrument Date: Date when voucher was recorded (e.g., 01-Apr-2024).
   • Bank Date: Actual date when the money hit or left the bank account (e.g., 02-Apr-2024 or 01-May-2024).
3. Type the exact realization date in the Bank Date column for each cleared cheque.
4. Notice at the bottom:
   • Balance as per Company Books
   • Amounts not reflected in Bank
   • Balance as per Bank
5. Press Ctrl + A to save. When all cleared cheques are matched, the difference becomes zero!

4. Quick Shortcut Keys for BRS