How Do you - Reconcile CashBook with Statements




  1. Make sure all your checks and deposits over the last month have been recorded in your cashbook.

  2. Get a copy of all bank statements for the month you are reconciling.

  3. Tick off the checks presented on your bank statement with those recorded in your cashbook. Make sure the amounts are the same.

  4. Tick off the deposits in your bank statement with those recorded in your cashbook. Make sure the amounts are the same.

  5. Make a list of unpresented checks from those recorded in your cashbook without ticks.

  6. Make a list of outstanding deposits from those recorded in the cashbook without ticks.

  7. Make sure all automatic payments, bank fees and ATM transactions are included in your cashbook.

  8. Add up the cashbook columns of your sales and expenses and make sure all expense columns match the expenses’ “bank” total and all sales columns match the sales’ “bank” total.


Return to 'How Do You' menu

...

Membership required (FREE)

The rest of this article is freely available to StartRunGrow members.
Not a member? Join Here - Its FREE!






How Do You

Back to Menu