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Former Member
Mar 06, 2009 at 10:26 AM

Updated Bank Balance - How to get?


Dear Experts, Hi...

It is a general practice to Create One house bank and Say two Sub bank accounts (one is for check received and another is for check issued)... here i have two doubts....

1. Is it compalsary to create sub accounts? cont' we manage with One (House Bank) Account?

2. If we are creating sub accounts.... how to get the latest balance...? Why i am asking this is our house bank and Bank Balance (with Banker) will match only when we completes the BRS, and usually BRS is prepared month end only. So in this case we can able to track current balance only at month end... but it is also necessary to know the updated bank balance at any given point of time... in House bank G/l account...

Is it only way to "Hosuebank balance + Check Recived Balance - Cheque issue Balance" ?

Please help me... is there any way to get / merge this three accounts and get one/ single net balance?