RMO No. 28-2001: Prescribes the guidelines and procedures in the reconciliation of collections and remittances of Authorized Agent Banks at the Revenue District Office level

Key points

1. Computerized RDOs. The BCS-CRDC reconciliation facility is installed as part of the Collection and Bank Reconciliation (CBR) system. It identifies discrepancies between the BCS-A and CRDC and gauges the banks’ collection and remittance performance.
2. Timing. The RDO Collection Section reconciles within 9 working days after the date of collection. Discrepancies are communicated within 24 hours to the concerned AABs and BIR offices.
3. Non-computerized RDOs under computerized ROs. The Collection Division of the RO (RO-CD) reconciles under the RMO’s procedures, while the RDOs still communicate with AABs. The RO-CD endorses discrepancies to the RDO, which acts as intermediary with the AAB.
4. Non-computerized RDOs under non-computerized ROs. The Revenue Accounting Division handles reconciliation using the BCS-CRDC reconciliation screen or the CBR BCS-CRDC Reconciliation Worksheet.

Who is affected

• Authorized Agent Banks
• Computerized and non-computerized RDOs
• Regional Office Collection Divisions
• Revenue Accounting Division

Deadlines and effectivity

• Reconciliation: within 9 working days after the date of collection
• Discrepancies communicated within 24 hours