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.
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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;
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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.
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Examples of Bank reconciliation in a sentence

  • 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.

  • 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.

  • The NCMC Senior Accountant prepares a monthly Treasurer's Report, which has been reconciled to the General Ledger cash account and Bank reconciliation.

  • Bank reconciliation statements are not required to be exhibited in the audit report.

  • Receive and post WYO Policy payments; - Issuance, control and accounting for disbursements of WYO Policy premium related expenses; - Bank reconciliation of WYO Policy premium disbursements; - OCR WYO Policy payment processing; - Mortgagee billing.

  • Bank reconciliation Accounting Entry Processing the expenditure or income i.e.posting the entries into the accountingsystem.

  • Bank reconciliation statements must be sent to the LA periodically as directed.

  • Bank reconciliation is carried out on monthly basis and filed.No systematic information is provided to service delivery units on items delivered.In year budget execution reports are not presented, relating back to the weakness in budgeting above.Annual Financial Statements are prepared and signed by the City Treasurer and the Chief Administrator.

  • If so, the period of delay.• Whether Bank reconciliation in respect of Cash Book balance and Pass Book balance is being done fortnightly.


More Definitions of Bank reconciliation

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").
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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;
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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;
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Bank reconciliation with copies of reconciliation, bank statement, list of outstanding checks and deposits in transit
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Bank reconciliation shall have the meaning set forth in Section 1.4(b) of this Agreement.
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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.
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Related to Bank reconciliation

  • Reconciliation means coordination of premium tax credit with advance payments of premium tax credit (APTC), as described in Section 36B(f) of IRC (26 USC § 36B(f)) and 26 CFR Section 1.36B-4(a) (July 26, 2017), hereby incorporated by reference.

  • Reconciliation Date means the last calendar day of each Reconciliation Period.

  • Reconciliation Period is each calendar month.

  • Reconciliation Report refers to the Reconciliation Report as referenced in s. 1 of Reg 200/21 under Connecting Care Act, 2019.

  • Reconciliation Procedures means those procedures set forth in Section 7.09 of this Agreement.

  • CREFC® Reconciliation of Funds Report A monthly report substantially in the form of, and containing the information called for in, the downloadable form of the “Reconciliation of Funds Report” available as of the Closing Date on the CREFC® Website or in such other form for the presentation of such information and containing such additional information as may from time to time be recommended by the CREFC® for commercial mortgage-backed securities transactions generally; provided that, to the extent that such other form contemplates such additional information, such other form must be reasonably acceptable to the Certificate Administrator.

  • CREFC® Reconciliation of Funds Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Reconciliation of Funds Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Accounting Statement means for each financial year, the following statements, namely-

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • Reconciliation Dispute has the meaning set forth in Section 7.9 of this Agreement.

  • CREFC® Interest Shortfall Reconciliation Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Interest Shortfall Reconciliation Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Australian Accounting Standards means the accounting standards made by the Australian Accounting Standards Board in accordance with section 227 of the Australian Securities and Investments Commission Act 2001 (Cth).

  • Central Bank Regulations means the Central Bank (Supervision and Enforcement) Act 2013

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with that used in preparing the financial statements referred to in Section 5.4.

  • Central Bank Rules means the UCITS Regulations, Central Bank Regulations and any regulations, guidance and conditions issued by the Central Bank from time to time pursuant to the UCITS Regulations, the Central Bank Regulations and/or the Central Bank Act regarding the regulation of undertakings for collective investment in transferable securities, as such may be amended, supplemented or replaced from time to time;

  • International Financial Reporting Standards or “IFRS” means the accounting standards issued or endorsed by the International Accounting Standards Board.

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Cash Flow Statement means, with respect to any particular Bonds and Auxiliary Obligations, an Authority Certificate (a) setting forth, for the then current and each future Bond Year during which such Bonds and Auxiliary Obligations will be Outstanding, and taking into account (i) any such Bonds expected to be issued or redeemed or purchased for cancellation in each such Bond Year upon or in connection with the filing of such Certificate (for which purpose, if such Authority Certificate is delivered as of a date prior to a scheduled mandatory tender date for any Adjustable Rate Bonds, the Purchase Price of all such Adjustable Rate Bonds subject to scheduled mandatory tender on such tender date shall be assumed to be due and payable on such mandatory tender date), (ii) any such Auxiliary Obligations expected to be incurred upon or in connection with the filing of such Certificate, (iii) the interest rate (if applicable), purchase price, discount points and other terms of any Related Mortgage Loans, and (iv) the application, withdrawal or transfer of any moneys expected to be applied, withdrawn or transferred upon or in connection with the filing of such Certificate:

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Agreed Accounting Principles means GAAP; provided, however, that, with respect to any matter as to which there is more than one generally accepted accounting principle, Agreed Accounting Principles means the generally accepted accounting principles consistently applied in the preparation of the Latest Audited Company Balance Sheet; provided, further, that, for purposes of the Agreed Accounting Principles, no known adjustments for items or matters, regardless of the amount thereof, shall be deemed to be immaterial.

  • Generally accepted auditing standards means Canadian Generally Accepted Auditing Standards as adopted by the Canadian Institute of Chartered Accountants applicable as of the date on which such record is kept or required to be kept in accordance with such standards.

  • UK generally accepted accounting principles and practices means the principles and practices prevailing from time to time in the United Kingdom which are generally regarded as permissible or legitimate by the accountancy profession irrespective of the degree of use.

  • Financial Covenant has the meaning specified in Section 7.08.

  • Consolidating (or “consolidating”) shall mean, when used with reference to any financial term in this Agreement, the aggregate for two or more Persons of the amounts signified by such term for all such Persons determined on a consolidated (or consolidating) basis in accordance with GAAP, applied on a consistent basis. Unless otherwise specified herein, “Consolidated” and “Consolidating” shall refer to Borrower and its Subsidiaries, determined on a Consolidated or Consolidating basis.

  • Financial exigency means a condition that requires the bona fide discontinuance or reduction in size of an administrative unit, project, program or curriculum due to the lack of funds available and sufficient to meet current or projected expenditures.

  • Generally Accepted Accounting Principles or “GAAP” means generally accepted accounting principles in the United States, consistently applied, which are in effect on the date of this Indenture.