Step-by-Step Guide for Entering Previous Date IPPB Data in Post Office
Step-by-Step Guide for Entering Previous Date IPPB Data
To ensure accurate accounting and reconciliation of India Post Payments Bank (IPPB) transactions, it is important to properly record deposit and withdrawal data, verify balances, and address mismatches. Below is a step-by-step guide to handle previous date IPPB data effectively.
Steps to Follow
1. Enter IPPB Deposit Data
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Navigate to Counter → Miscellaneous → Wallet Adjustments Receipts
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Enter the IPPB Deposit figure
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Click OK to confirm
2. Enter IPPB Withdrawal Data
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Navigate to Counter → Miscellaneous → Wallet Adjustments Payments
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Enter the IPPB Withdrawal figure
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Click OK to confirm
3. Perform Counter Close Operation
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After entering both deposit and withdrawal figures, proceed with Counter Close.
4. Verify Cash Balance
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Go to Cash/Stamps → Cash Balance → Fetch
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Confirm whether the amounts entered are reflected correctly.
5. Perform Day-End Operation
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After completing all transactions and daily work, execute the Day-End operation.
6. Check Mismatch Accounting
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Post Day-End, go to Mismatch Accounting option.
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Verify if the mismatch amount equals IPPB Receipts – IPPB Payments.
7. Resolve IPPB Mismatch
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Select IPPB Mismatch Receipts, enter the IPPB deposit amount, and click Add.
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Select IPPB Mismatch Payments, enter the IPPB withdrawal amount, and click Add.
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Submit the entries.
8. Verify Closing Balance
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Finally, check the BODA Report.
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Ensure that the Closing Balance matches your physical balance.
Key Takeaway
By carefully entering IPPB deposit and withdrawal figures, reconciling through mismatch accounting, and verifying balances in the BODA report, you can ensure that your accounts remain accurate and aligned with actual transactions.
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