Who prepares the "Bank Reconciliation Statement" 1. Bank or 2. Accountant of the Organization

Accountant of the Organization

the accountant of the organzation

accoutant org

Accountnat Of Company who is do that & then Must match it With Actual Bank Statement

Accountant prepares the BRS.

accountant of the organization

ACCOUNTANT OF THE ORGANISATION

Accountant, because it is accountant duty to reconcile his bank with bank statement.An expert accountant always match his bank with his book.

It is the Accountant who prepares it on  weekly or monthly basis.

Bank reconciliation statement shows the difference between Cash Book and Bank .here we can see two parties involved Bank and company(organization).
Bank issue the Bank statement & Company should compare the balance with their Accounts with the bank.
So Company or organization has to prepare Bank Reconciliation to compare the accounts and balance with the bank

Accountant prepare to match the balance between bank statements and bank account of company.The importent is to find the reason of difference.Most posiible reason to have diffrence is that.

1- We paid Current date cheque a client but they didnt deposit it on time.It will not be debited in bank but in will be shown in our bank books.

2-Bank charge interest-We can know it only after we recieve the statements.

3-We collect current date cheque,and updated in our books of accounts same date,but because of any reason we deposit it later.