Key responsibilities
Match all bank transactions with entries in the accounting/ERP system.
Verify receipts, payments, bank transfers, UPI and other transactions.
Identify unreconciled or missing entries.
Check bank charges, interest, GST, refunds and other bank deductions.
Identify duplicate or incorrect entries.
Track cheques/transactions issued but not cleared.
Pass necessary adjustment/journal entries for missing or incorrect transactions.
Maintain an unreconciled items tracker and follow up for closure.
Ensure the book balance and bank balance are properly reconciled.
Prepare a monthly Bank Reconciliation Statement (BRS) for management review.