BRS (Bank Reconciliation Statement)

💡 Quick Definition: A schedule prepared by accountants to reconcile the difference between the bank balance in the company ledger and the actual bank passbook balance.

Detailed Explanation & Workplace Application

Differences typically arise from cheques issued but not yet presented for payment, direct bank charges, interest credited, or auto-debits. Automated BRS in Tally Prime imports electronic bank statements (CSV/Excel) for instant reconciliation.

Practical Syntax / Framework Formula

Bank Balance as per Tally Books
+ Cheques issued but not presented
- Cheques deposited but not cleared
- Bank charges debited by bank
= Bank Balance as per Bank Statement

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