How do you do BRS reconciliation?

Get bank records. You need a list of transactions from the bank. Get business records. Open your ledger of income and outgoings. Find your starting point. Run through bank deposits. Check the income on your books. Run through bank withdrawals. Check the expenses on your books. End balance. #BBD0E0 »

Course Content

Introduction to Fundametals of Accounting and Bookkeeping

5m 51s

How to use LearnVern

3m 20s

Introduction to Accounting

17m 57s

Various Accounting Concepts

11m 34s

Various Terminologies in Accounting

11m 45s

Assignment : Basic Accounting

1m 1s

Assignment : Basic Accounting

1m 17s

Quiz : Basic Accounting

Financial Transactions in Accounting

9m 58s

What are Books of Account

11m 54s

Assignment : Starting Point of Accounting

Quiz : Starting Point of Accounting

Fundamental Principles of Accounting

5m 45s

Accounting Assumptions

14m 30s

Ledger & Accounting Methods

16m

Assignment : Fundamental Accounting Principle

39s

Assignment : Fundamental Accounting Principles

42s

Quiz : Fundamental Accounting Principle

Steps of Bookkeeping Process Part-1

12m 45s

Steps of Bookkeeping Process Part-2

17m 7s

Assignment : Steps of Bookkeeping Process

39s

Quiz : Steps of Bookkeeping Process

Importance of Bookkeeping Process

15m 39s

What are Fixed Assets

12m 16s

Assignment : Importance of Bookkeeping

48s

Assignment : Importance of Bookkeeping

45s

Quiz : Importance of Bookkeeping

What is Bank Reconciliation

16m 1s

Example of Bank Reconciliation Statement (BRS)

13m 59s

Assignment : Bank Reconciliation

1m 7s

Quiz : Bank Reconciliation

Journal Entry in Accounting

17m 44s

Cases where Journal Entry is required

16m 19s

Assignment : Journal Entry

1m 44s

Quiz : Journal Entry

Introduction to Payroll

15m 6s

Transactions with Payroll

13m 45s

Assignment : Payroll Management

40s

Quiz : Payroll

Financial Statements

13m 6s

Financial Statements with Example

15m 57s

Assignment : Financial Statements

1m 7s

Quiz : Financial Statements

Course Summary

2m 8s

Interview Question in Fundamentals Of Accounting And Bookkeeping

4m 20s

Career Guideline

2m 9s

Example of Bank Reconciliation Statement (BRS)

Fundamentals of Accounting And Bookkeeping Bank Reconciliation

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Discussion

Course Content

Introduction to Fundametals of Accounting and Bookkeeping

5m 51s

How to use LearnVern

3m 20s

Introduction to Accounting

17m 57s

Various Accounting Concepts

11m 34s

Various Terminologies in Accounting

11m 45s

Assignment : Basic Accounting

1m 1s

Assignment : Basic Accounting

1m 17s

Financial Transactions in Accounting

9m 58s

What are Books of Account

11m 54s

Assignment : Starting Point of Accounting

Fundamental Principles of Accounting

5m 45s

Accounting Assumptions

14m 30s

Ledger & Accounting Methods

16m

Assignment : Fundamental Accounting Principle

39s

Assignment : Fundamental Accounting Principles

42s

Steps of Bookkeeping Process Part-1

12m 45s

Steps of Bookkeeping Process Part-2

17m 7s

Assignment : Steps of Bookkeeping Process

39s

Importance of Bookkeeping Process

15m 39s

What are Fixed Assets

12m 16s

Assignment : Importance of Bookkeeping

48s

Assignment : Importance of Bookkeeping

45s

What is Bank Reconciliation

16m 1s

Example of Bank Reconciliation Statement (BRS)

13m 59s

Assignment : Bank Reconciliation

1m 7s

Journal Entry in Accounting

17m 44s

Cases where Journal Entry is required

16m 19s

Assignment : Journal Entry

1m 44s

Introduction to Payroll

15m 6s

Transactions with Payroll

13m 45s

Assignment : Payroll Management

40s

Financial Statements

13m 6s

Financial Statements with Example

15m 57s

Assignment : Financial Statements

1m 7s

Course Summary

2m 8s

Interview Question in Fundamentals Of Accounting And Bookkeeping

4m 20s

Career Guideline

2m 9s

FAQs

Bank reconciliation statements are a key tool used by accountants and finance professionals. They help to keep track of the financial transactions that happen at a company, for example by debiting an account and crediting an account. These statements are also used to calculate the amount of taxes owed or saved by the company.

Every company deals with its own set of financial transactions and BRS bank reconciliation statement is a report that summarizes all the transactions from a business' bank account. It is an accounting tool used to reconcile all the deposits, withdrawals, fees and any other transfers that happen in a business over a specific period of time.

Get bank records. You need a list of transactions from the bank.
Get business records. Open your ledger of income and outgoings.
Find your starting point.
Run through bank deposits.
Check the income on your books.
Run through bank withdrawals.
Check the expenses on your books.
End balance.

#BBD0E0 »

Business needs to record their transactions, and accountants need to make sure these transactions are organized and compliant. One way that they can do this is by using a BRS solution, or business requirement specification. This tool tells the accountant exactly how they need to record the transaction. They can use this document as a reference when they are performing the tasks in their daily accounting routine.

To guarantee that the balances indicated in the pass book and cash book are accurate. To ensure the accuracy of the entries made in both books. To assist in the updating of the cash book by locating unrecorded entries.