Bank Reconciliations. Bank statements should be received and reconciled by someone with no cash handling, or check writing responsibilities. Monthly bank reconciliations should be prepared within 30 days of the bank statement date and reviewed by management for appropriateness and accuracy. The bank reconciliations should be signed and dated by both the preparer and the reviewer. Reconciling items should be resolved timely.
Bank Reconciliations. A copy of the final bank statement at bank reconciliation at year end (eg 31 March) for all business bank accounts.
Bank Reconciliations. Deposit accounts conciliation services for Banco Popular’s commercial clients. Includes conciliation reports, account statements and a file transmission of pay checks.
Bank Reconciliations. Prepare all bank reconciliations timely and provide them to the City Manager or designated staff for secondary review. Virtual or Phone Check-Ins • Contractor will be available for virtual or phone call meetings with staff as requested and scheduled as best meets within the schedules of staff and contractor. Council Meeting Attendance • Contractor will attend one council meeting per month. Additional meetings may be requested depending on the availability. Virtual attendance is acceptable as an alternative for additional meeting requests.
Bank Reconciliations. The Account Code Entry Lister operates for any particular year. Processing Compac forward to the next year replaces any existing opening balances Data Schedule 1. The system detects account codes for reconciliation as being the Total Control Codes of Bank Payments Data Schedules. The related account entries within opening balances will, if relevant, be split into ticked and unticked entries. To help balance the bank it may be useful to post the bank statement balance into a Data Schedule. The Ticked Total shown at the end of the reconciliation report will then show zero when the bank has been reconciled but any figure will be the bank difference to be investigated.
Bank Reconciliations. 3. Cash activity summarized from (1) CSM 718 report (provide Monthly Remittance Recap and Daily Summary of Advances) and (2) Schedule of P&I Advances & Recoveries.
Bank Reconciliations. 1. Variance Scope Comparison to year-to-date budget, including explanations for variances greater than 7.5% and $20,000.
Bank Reconciliations. Bank accounts shall be reconciled by the Development Manager’s accountant in detail to the corresponding general ledger account (the “General Ledger”) monthly, i.e., every item on the bank statement shall have a corresponding entry on the General Ledger. The balance per the bank statement shall be reconciled to the corresponding General Ledger balance of the same date. The person responsible for reconciling the bank accounts shall receive bank statements directly from the bank and shall not have any function related to cash receipts and disbursements. Outstanding cash receipts should be investigated and recorded within thirty (30) days. Outstanding cash payments over ninety (90) days shall be investigated and disposed of in accordance with the law. The payment made per the bank shall be compared to the detailed cash transaction report and cheque register. The bank reconciliation along with bank statements and a cash transaction report shall be reviewed by a designated employee of Development Manager and signed to demonstrate this review. Such employee shall not be the same employee that is responsible for approving invoices for payment. All bank reconciliations shall be performed within twenty (20) business days of the month end.
Bank Reconciliations. Brandywine shall, as applicable at the Project Services or Corporate Services level: analyze cash receipts and disbursements files; analyze bank statements; analyze deposit slips; analyze cancelled checks; and prepare monthly reconciliations.
Bank Reconciliations. During our testing of cash balances, we noted an error in one of the bank reconciliations, which caused the cash balance in the payroll general ledger account to be overstated by approximately $26,000. We recommend management increase its review over the bank reconciliation process to ensure accuracy in financial reporting.
