Bank reconciliation definition

Bank reconciliation means a specified procedure to determine if all cash assets shown on the financial records reconcile and agree to the amounts reported by the financial institutions.

Bank reconciliation means a schedule drawn as of a specific date to identify the differences, if any, between a brokerage’s records and the bank, trust corporation, loan corporation, credit union or treasury branch statements;

Bank reconciliation means the process of comparing activity posted to the court's accounting records with the bank account statement to ensure that bank and court records are in agreement and that discrepancies are investigated and resolved.

Examples of Bank reconciliation in a sentence

• Bank reconciliation of all accounts must be prepared on a monthly basis, reviewed by upper management, and kept on file for examination by DYCD or its designees.

• Bank reconciliation is done regularly and discrepancies if any pointed out promptly and rectified.

• Bank reconciliation is a process of verifying whether the sum found in the bank statements at the end of the period correspond with transactions recorded in the accounting system.

• The financial summary and the Bank reconciliation for the month, were received, noted, and approved.

• Bank reconciliation statements for non-cash corporate actions where subscription money / call money is received.

• Bank reconciliation should be prepared promptly and regularly, at least once a month, of the balance as shown in the ledger.

• Bank reconciliation is not prepared by someone who doesn't sign checks, handle or record cash.

• Auto Bank reconciliation from the Bank statement downloaded in excel format from Bank Portals.

• Since Accounts review is made after recording of transactions in books of accounts(Cash Book, General Ledger, Subsidiary Ledgers, Registers, Serially numbered vouchers, Bank reconciliation statement, Bank statements, approvals and other records needed for examination), the same should be kept ready before the review of any entity is undertaken.

• Bank reconciliation is performed on a monthly basis for all cash accounts.

More Definitions of Bank reconciliation

Bank reconciliation means a schedule drawn as of a specific date to identify the differences, if any, between a brokerage’s records and statements received from a financial institution;

Bank reconciliation means the process of comparing activity posted to the court's accounting records with the bank account statement to ensure that bank, court records agree and any discrepancies are investigated and resolved.

Bank reconciliation means a specified procedure to determine if all cash assets shown on the financial records reconcile and agree with the amounts reported by the financial institutions holding such assets;

Bank reconciliation shall have the meaning set forth in Section 1.4(b) of this Agreement.

Bank reconciliation with copies of reconciliation, bank statement, list of outstanding checks and deposits in transit General Ledger detail Rent Roll Check Register Accounts Receivable Aging Report – which includes rents and other receivables that are past due and indicates how long past due they are Schedule of Security Deposits Accounts Payable Report

Bank reconciliation. Bookkeeper will reconcile Client's bank statements on a monthly basis, ensuring all recorded transactions match the bank's records and identifying any discrepancies. • General Xxxxxx Maintenance: Bookkeeper will maintain Client's general ledger by posting all recorded transactions, ensuring their accuracy and completeness. • Account Payables Management: Bookkeeper can manage Client's accounts payable by processing vendor invoices, ensuring timely payments, and generating reports on outstanding payables (for additional fees). • Account Receivables Management: Bookkeeper can manage Client's accounts receivable by sending invoices to customers, tracking outstanding receivables, and generating reports on delinquent accounts (for additional fees). The specific details and scope of the Services will be further outlined in a mutually agreed upon Service Order attached to this Agreement (the "Service Order").