ExpressGST || Reconciliation Process: Books vs 2A/2B (DIY)
Reconciliation Process: Books vs 2A/2B
Step 1: Import GSTR-2 Data
- Start by importing the GSTR-2 data into the software.
- You can either upload an Excel file or directly import data from Tally, if applicable.
Step 2: Navigate to the "Books vs 2A/2B Annual" Section
- Once the data is imported, go to the Books vs 2A/2B Annual section in the software.
- This is where the reconciliation process takes place.
Step 3: Click on the "Supplier Wise Reco" Option
- Under the Books vs 2A/2B Annual section, select Supplier Wise Reco.
- This option allows you to reconcile data on a supplier basis.
- 📌 To view the summary, click on Books vs 2B - Reco Status.
- Books vs 2B - Reco Status Report provides a summary of :
- ✅ Matched Entries
- 🔄 Partially Matched Entries
- ❌ Unmatched Entries (In Books Only / In 2B Only)
- 📊 Total Reco Overview
Step 4: Click on the "Invoice Wise Reco" Option
- For detailed reconciliation, select Invoice Wise Reco.
- This ensures reconciliation at the invoice level, comparing each invoice between your books and GSTR-2A/2B data.
- 📌 To view the summary, click on Books vs 2B - Reco Status Report.
- 📊 You can also access the Books vs 2B - Reco Status Report from Invoice Wise Reco.
Step 5: Apply Filters to Review Discrepancies
After selecting Invoice Wise Reco, the software categorizes invoices based on their reconciliation status. Use the filters below to analyze and resolve discrepancies:
✅ Matched Entries:
- ✔ Perfect Matched – Invoices that exactly match between your books and GSTR-2A/2B.
- ✔ Manually Matched (Single/Multi Linked) – Invoices reconciled manually; review their status.
- ✔ Doc. Date Different – Invoices with mismatched document dates.
- ✔ Books and 2B Period Differ – Invoices where the reporting periods differ.
- ✔ RCM Differ – Identify invoices with Reverse Charge Mechanism (RCM) status differences.
- ✔ POS Differ – Highlight mismatches in the Place of Supply (POS).
🔄 Partially Matched Entries:
- ✔ Only Doc. No. Mismatch – Invoices with mismatched document numbers.
- ✔ Taxable Value Mismatch – Entries where taxable values differ.
- ✔ Tax Mismatch – Invoices with discrepancies in tax amounts.
- ✔ RCM Differ – Entries with RCM status differences while other details match.
- ✔ POS Differ – Entries with mismatched Place of Supply (POS) but otherwise consistent data.
- ✔ Other Partially Matched – Captures other partial matches not covered above.
❌ Unmatched Entries:
- 🚨 In Books Only : Invoices present in your books but missing in GSTR-2A/2B.
- 🚨 In 2B Only : Invoices present in GSTR-2B but missing in your books.
📌 RCM Filter:
- Yes: View invoices where RCM status is marked as "Yes."
- No: View invoices where RCM status is marked as "No."
Step 6: Set or Modify Tolerance for Taxable Value
- Adjust the tolerance for taxable value if required.
- This setting allows you to define a threshold for acceptable discrepancies, such as minor differences in amounts.
- Modify the tolerance as per your business rules or GST guidelines.
By following these steps, you can ensure accurate reconciliation of GSTR-2 data with your books. This process helps you identify discrepancies and take corrective actions where necessary.
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