Streamlined Bank Reconciliation
Streamlined Bank Reconciliation
- Eliminate discrepancies between your books and bank - Lawxygen prepares accurate, complete Bank Reconciliation Statements (BRS) monthly, ensuring your books always match your bank balance
Custom packages available starting from
₹1,999/-
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Here's How It Works
Obtain Bank Statement & Cash Book
Obtain Bank Statement & Cash Book
Transaction Matching
Transaction Matching
Identify Reconciling Items
Identify Reconciling Items
BRS Preparation & Book Updates
BRS Preparation & Book Updates
What Our Clients Say
“Lawxygen provides top-tier support. Registration timelines were strictly followed with full transparency.”
Rahul Verma
Director, TechNexus
Here's What You'll Need
Eliminate discrepancies between your books and bank - Lawxygen prepares accurate, complete Bank Reconciliation Statements (BRS) monthly, ensuring your books always match your bank balance.
- Document
- Notes / Format
- Bank statements for the period
- All business accounts · PDF from internet banking or physical statement
- Cash book / bank ledger export
- From Tally/QuickBooks/Zoho Books for the same period · Excel
- Previous month's BRS
- To carry forward outstanding items from prior month
- Cheque register
- List of all cheques issued during the period - with date, payee, and amount
- Deposit advice
- For large or unusual deposits - to confirm source and correct coding
Why Should I Use Lawxygen for Registering a Private Company Online in India?
Expert Lawyers
Services by certified professionals
Affordable
Pricing that respects founders
Fast Tracking
Efficient application clearance
Ready to start your business with limited liability? Lawxygen makes it simple and affordable.
Did you know?
Formal registrations protect your personal assets and increase brand perception exponentially.
Our automated compliance dashboards keep you updated proactively so you never miss a deadline.
Overview - bank reconciliation Registration
What is it?
Bank Reconciliation is the process of matching and comparing a company's internal cash book balance with the bank statement balance to identify and explain any differences - uncleared cheques, outstanding deposits, bank charges, errors, or fraudulent transactions. A Bank Reconciliation Statement (BRS) is prepared monthly as a fundamental internal control.
Governed by
ICAI Accounting Standards and best practices · Companies Act, 2013 (internal controls requirement for companies) · Income Tax Act and GST Act (books must reconcile with bank for audit purposes) · No specific statutory format - follows industry standard.
Minimum requirements
Bank statement for the period (all accounts) · Cash book or bank ledger from accounting software · List of outstanding cheques issued but not presented · List of deposits in transit.
What you receive
Monthly BRS for all bank accounts · Explanation of all reconciling items · Uncleared cheques report · Stale cheque identification · Bank error and fraud detection flag · Updated cash book with bank charges and interest.
Benefits - Benefits of Company Registration Online Using Lawxygen
Who Usually Requires This?
The Bank Reconciliation solution matches perfectly with these profiles:
- Profile
- Why It Applies
- All businesses with bank accounts - universal requirement
- Every business with a bank account needs monthly BRS. It is a fundamental accounting control that prevents fraud, detects errors, and ensures books accuracy.
- Companies preparing for statutory audit
- Auditors examine BRS as one of the first audit procedures. Clean, monthly BRS with all differences explained prevents audit queries and delays.
- Businesses with high cheque transaction volumes
- Companies issuing hundreds of cheques monthly - suppliers, payroll, vendor payments - need systematic BRS to track uncleared cheques and prevent double payments.
- Businesses with multiple bank accounts
- Multi-account businesses (operating accounts, salary accounts, collection accounts) require BRS for each account - Lawxygen manages multi-account reconciliation as a standard service.
How It Works
Execution is straightforward. Hand over the details and relax.
Consultation Request
Drop your inquiry.
Data Preparation
Our agents format the forms via robust checks.
Execution
Final approvals fetched from the regulating authorities.
Expected Additional Levies
- Filing Fees to Government
- E-Stamp Duties according to state norms
- Processing Levies based on capital limits
Core Advantages to Remember
Avoid Penalties
Better Market Position
Standardized Documentation