Common use of Bank Reconciliations Clause in Contracts

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. 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 thirty (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. Bank statements should be received and reconciled by someone with no cash handling, check writing, or check writing responsibilitiesbookkeeping functions. 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.