Bank Reconciliation i. Bank Reconciliations to be performed electronically by CCT. Bank statements will be downloaded daily from the bank in the file layout format required by and uploaded into the bank reconciliation system using the transaction identifier /reference number on the statement to determine the type of transaction.
ii. All bank statement transactions require to be clearly and correctly referenced in an agreed manner to facilitate the bank reconciliation process.
iii. The sending of the statement file must take place as soon as possible after 12 am daily but not later than 4am.
Bank Reconciliation. The base PA and PG systems include a Bank Reconciliation module. HCA-PG and DA-PA divisions will be customized in order to verify the client balances it manages add up to the total amount it has at the bank or county account.
Bank Reconciliation. CFO has developed, documented and implemented procedures and systems to ensure that bank reconciliations conform to specified requirements. The Board Finance Committee (designee) is responsible for reviewing bank reconciliations and the CFO is responsible for preparation of the reconciliation. The Board Finance Committee(designee) is responsible for giving the reconciliations to the Board. The Board of Directors at large are responsible for reviewing the reconciliation, questioning any discrepancies, and approving the reconciliation
Bank Reconciliation. 5.1 Within one month after the date of Completion the Purchaser undertakes to the Vendor that it shall send to the Vendor a cash reconciliation statement of the Company ("the Cash Reconciliation Statement") setting out the cash at the bank available to the Company as at the Completion Date (the "Cash Balance") having credited amounts deposited on or before the close of business on 24 May 1999 and debited the amount of any cheques or CHAPS transfers or similar issued by the Company on or before the close of business on 24 May 1999.
5.2 In the event that the Cash Balance is less than (Pounds)0 the Vendor shall pay to the Purchaser by way of a reduction of the Consideration the amount of such shortfall.
5.3 In the event that the Cash Balance is greater than (Pounds)0 the Purchaser shall pay to the Vendor by way of an increase of the Consideration the amount of such excess.
5.4 Any adjustment to the amount of the Consideration shall be agreed between the parties within two months of the Completion Date and shall be paid by the Vendor or the Purchaser (as appropriate) within five days after such agreement and any amount not paid when due shall carry interest at the base rate of National Westminster Bank PLC (from time to time) from the due date until the date of actual payment.
5.5 The Purchaser shall have no right of set-off in respect of any amount owing to the Vendor pursuant to the terms of this Clause 5.
Bank Reconciliation. A.1. Description Bank Reconciliations for the Recipients A.2. Location Borders US A.3. Service Manager TBD A.4. Fees/Charges $21,000/year A.5. Exceptions N/A A.6 Termination Notice 3 months Item Classification Re/(O)ccurrence Item comments General Ledger Balance Sheet Account Reconciliations Task M All Cash and Disbursement Accounts A.1. Description Treasury support services to the Recipients A.2. Location Borders US A.3. Service Manager TBD A.4. Fees/Charges $35,000/year A.5. Exceptions N/A A.6 Termination Notice 3 months Item Classification Re/(O)ccurrence Item comments Cash Management Task Ongoing Includes forecasting, funding, borrowing, overdraft facility maintenance Month-end close for bank/cash accounts Accounting Monthly ID all cash activity (cash, wires, checks etc) and tie to specific General Ledger code. Monthly upload to Xxxxxx General Ledger of all activity. Foreign currency transactions for year end hedging Task Yearly Credit card management Accounting, Task, Reporting Ongoing Setting up and managing relationship with credit card companies, monthly entry of credit card fees, planning for credit card fees, reporting on credit card fees. Bank relationships Task Ongoing Set-up and management of bank relationships, monthly entry of bank fees, planning for bank fees. Interest Accounting Ongoing Monthly entry of interest, monthly reconciliations, forecasting and planning Wire Transfer Activity Task Ongoing Activation of approved wire transfers.
Bank Reconciliation. Accounting Services Costs that relate to a specific entity such as debt collection fees and credit reports, etc, will be charged to that said entity. Recurring Accounting Services Costs will be allocated as follows: • AP—based on monthly total of invoices, EFT's and wires. Westway Terminal charge excludes number of invoices. • AR—based on number of invoices and payments. Westway Terminal charge excludes number of invoices. • Inventory—allocated based on estimated activity—reviewed annually—current split is 80% Westway Feed, 20% ED&F Man Liquid Products. • Other Accounting—allocated based on estimated activity—current split is equally between Westway Terminal, Westway Feed and ED&F Man Liquid Products. A. Payroll
Bank Reconciliation. As an extension to 3 above, if the optional ticking of transactions has been employed then this option will be useful. It adds to the transactions listing an unticked total and a ticked total. The later will, when all is correct, be the balance shown upon the bank statement. First date Last date Account code 680 Cash Total or Net Total Standard or Ticked Standard Year 300402 Do report The default setting upon startup is for a cash flow sequence. First date and Last date The whole accounting period may not be required so dates may be used to limit the report. If a first date is entered then an opening balance will be created for the report. Standard would be used for all types of report except bank reconciliations, or perhaps reconciliations of any other ticked accounts. Reconciliation produces a report which includes a tick column together with an Unticked Total and a Ticked Total. Unticked lists all entries which have not been ticked. Ticked lists all entries which have been ticked. Ticking of Data Schedule entries is carried out within the individual Data Schedules themselves. By default no Tick column is displayed. When required, the user selects [F4] to the Data Schedule Menu and then Tick-column. This will redisplay the Data Schedule with a Tick column. When not required, the same selection removes the Tick column visibly but retains the tick status of each entry. When a Tick column is displayed the Data Schedule Menu is extended to include a Tick-all option. This is only used when ticking of every entry within the Data Schedule is required. The ticking of entries is carried out using the standard [F2] Edit. It acts as a toggle so that one key press creates a tick and another will remove it. The user should not therefore display the Tick column unless required and unless ticking is taking place it is advisable to keep the cursor off the Tick column.
Bank Reconciliation. At least at the end of each month, a reconciliation of the bankbook (or ledger accounts) and bank statements should be prepared for the bank account used for the ESAP2 project. The result of the reconciliation should be documented in a formal bank reconciliation statement. Un-reconciled items identified during this exercise should be followed up for appropriate action. The bank reconciliation and bank statement shall be submitted to the MA along with other reporting documents.
Bank Reconciliation. Bank statements should be received and reconciled by someone with no cash handling, check writing, or bookkeeping functions. Monthly bank reconciliation should be prepared within 30 days of the bank statement date and reviewed by management for appropriateness and accuracy. The bank reconciliation should be signed by both the preparer and the reviewer. Reconciling items should be resolved timely.
Bank Reconciliation. Check Register .
