BRS - Bank Reconciliation in Tally

How to get BRS Reports in Tally 9?


What is BRS? In accounting terminology BRS stands for Bank Reconciliation Statement. For example you make a payment by issuing a bank check to a party / supplier. What will happen to the check. The transaction will not reflect immediately in your bank. The party will first deposit the check on or after the date mentioned on the check. Then it will take further one-three days for the check to clear depending on the bank. But your voucher entry in Tally is on prior date. So your bank ledger in tally may be showing wrong balance, not the actual balance. You don't know what happened to the check. Whether it is cleared or not? After getting your bank statement you will make reconciliation entry. Thus you will get actual bank balance.

In Tally 9 there is an option to enter the bank date. Tally will show two balances in reconciliation statement. The Balance as per company books. And amount not reflected in Bank, and Balance as per Bank.

Whatever voucher entries you make (Payment/Receipt/Contra etc) will be reflected in Balance as per company books. For whatever vouchers you make BSR entry will be shown in Balance as per bank. The difference between the two is given as Amount not reflected in Bank.

We will see this with the following examples and screen shots.

Now will go to Display menu -> Accounts Books -> Ledger -> State bank of India. Then Click Reconcile button on the right hand side. (Short cut : F5).
Now the Balance as per company books is Rs. 1000
Amounts not reflected in Bank is Rs.1000
Balance as per Bank is Rs.0
I gave the check on 11.june.10. If the check clears on 13.june.10 i give that date under Bank Date column. Now the Bank account will tally

14 comments:

Anonymous said...

how can i entar the bank pass book & slip book entary in tally how can i create the a/c plz sent me in my shravani02&yahoo.com

Geetha said...

How to Enter Opening Balance of bank a/c in tally considering uncleared cheques which are given in last year. or is there any option to show uncleared cheques?

nag said...

how can we enter opening balance of bank a/c and cahrges

nag said...

how can i entar the bank pass book & slip book entary in tally how can i create the a/c plz sent me in my nagachanti22@gmail.com

Anonymous said...

ruby
how can i see the balance amount of the bank book.

s_ruby90@yahoo.co.in

Mohammad said...

if two or more cheques passed by one voucher and the cheque clearing dates are different so how will i do the BRS

Nahaj said...

IF I give Cheques to 10 employee's by one payment voucher and these cheques cleared on different dates so how will i do BRS, though in BRS only total voucher amount shoes

zeba khan said...

how i can match the pass book balance & the bank ledger a/c in our (company) books plz guide me
on my mail: zeba.khan2011@gmail.com

amit said...

How to Enter Opening Balance of bank a/c in tally considering uncleared cheques which are given in last year. or is there any option to show uncleared cheques?

khamat.amit@gmail.com

mamatha said...

how to learn tally

mamatha said...

How to learn tally online

mamatharavi.21@gmail.com

Anonymous said...

if any entry reflect in tally recnosiliation statement then what it mean. does it mean its stand in our book & this amount not reflect in bank book

Naison Louis said...

Why don't you visit www.tallyonline.org

Uma said...

How to view the payment voucher
pls help me

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