Bank g/l accounts

Dear All,
What is the Purpose of having three G/l accounts for Bank Reconcliation, ie Receipt, Payment & Recon a/c.
What exactly is the logic behind that.  kindly please guide me.
reagrds
ram

Hi
The reason for creating 3 or more GL ccounts for  BRS .
so that balnce as per bank  and our book balance will maintain.
Assume we are maintaining 3 GL accounts
1) House bank account
2) IC cheq clearing
3) og cheq clrg
Once the receipt entry or payment entry is made it has to  reconcile with the statement.
whwn we reconcile following is updation in  main house bank account.
Payments document
Vendor a/c Dr xxxx
payment clearing a/c xxxx
reconcile
payment clearing a/c Dr xxxx
to House Bank a/c xxxx
Receipts document
receipt clearing a/c Dr xxxx
customer a/c xxxx
reconcile
House Bank a/c Dr xxxx
to receipt clearing a/c xxxx
Regards
SU*
Dont forget to Assigne points

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