Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

In a bank reconciliation, what happens to the outstanding checks of the previous month?

user-image
Question ajoutée par Islam Elrobe , Sales senior manager , blu
Date de publication: 2014/02/26
Fabir Koya
par Fabir Koya , Sr Accounts Executive , Albawani Company

Reconciliations are the process of finding any discrepancies between two set of accounts. As far as outstanding cheques for previous month is cleared in current month it should not appear in reconciliation statement for current month.

Murtuza Lalbaugwala
par Murtuza Lalbaugwala , Associate Auditor

Bank reconciliation is between the entries you have recorded in system & the entries shown in bank statement, you have to knock of both the entries and which ever is left is not reflecting on either side is your reconciliation items.

If you have a previous month reconciliation and if you are doing for current month you have to knock off the entries showing in you previous reconciliation comparing with your current month bank statement.

More Questions Like This

Avez-vous besoin d'aide pour créer un CV ayant les mots-clés recherchés par les employeurs?