Steps taken to prepare this Reco.

1) Extracted Sona General Ledger Detail Report from ERP

2) Run the above report for A/c Code 13141,13638,13639,13640,13641,13642,13643,13101,13124,24104
3) The above report has been run for Dec to Mar period
4) Combined the Data and Insert a Pivot table on it.
5) Extract the Data from Backend for Base amount and Tax Amount Receipt Wise
6) Now analysed the data and made journal based on analysis

How to Analyze the Receipt

1) The Total of a Receipt in GST Recovery Accounts (13639,13641,13643) should equal to Tax amount extracted from Backend
2) The Total of a Receipt in Inventory Accounts 13101 or 13124 should equal to the Base amount extracted from Backend
3) Any Other Balance in other account should be write off with Manual Journal

Benefits from Reconciation

1) The Intermediary accounts related to Receipts like 13141, 13638,13640 etc. will show the true and fair view.
2) The Main accounts related to Receipt like 13101,13124, and GST Recoveries account will be Balanced and give true and fai
3) By the Help of this Reconciliation, We can detect any leakage in Input tax credit, As we can see that in 4 months of Receipt
ount extracted from Backend
extracted from Backend

and fair view.

lanced and give true and fair view
that in 4 months of Receipt Reco of SND Unit, It is being found that there are more than hundred Receipt where ITC has nt been claimed
where ITC has nt been claimed