bank reconciliation tutorial and templates

5/19/2018 Bank Reconciliation Tutorial and Templates

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HOW TO DO A BANK RECONCILIATION

Bank Reconciliation

FICTIONAL STUDENT SOCIETY

DATE: January 1! "#1"

Bank Balance

$LUS Out%tan&in' De(o%it%

Petty cash $120.00

DSU funding cheque (fall 2011) $130.00

TOTA $ 2!0.00

LESS Out%tan&in' C)e*ue%

C)e*ue + Date A,ount

1"# 12%&' $ 10.00

1!3 !an $ 100.00

1!" !an $ "0.00

TOTA $ 1!0.00

A&-u%te& Bank Balance

.eneral Le&'er

Adust*ent t& edge+

Bank Fee% $ 3.!0

This document will guide you through how to do a monthly bank reconcilyour DSU audit submission.

This rst page provides an eample !anuary bank reconciliation for the "iSociety, with detailed eplanations of every item.

The remaining pages in this workbook contain monthly autocalculating btemplates for you to ll in, print o#, and add to your records.


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A&-u%te& .eneral Le&'er

Di//erence


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SOCIETY: Your society name.

DATE: Cosin! "aance #ate $rom your "an% statem

$ 2,012.2"

BAN0 BALANCE: Clo%in' alance on your ank %tate,ent2

TOTAL: T&is 'i automaticay sum a outstan#in!

TOTAL: T&is 'i automaticay sum a outstan#in!

$ 2,112.2"

$ 2,11!.-"

iation, as required for

ctional Student

ank reconciliation

O*TSTANDIN+ DE,OSITS: List any (etty cas&- c&e)cas&e#- or any ot&er money t&ats not in t&e "an%

O*TSTANDIN+ CHE/*ES: List any c&e)ues you &a0your e#!er as "ein! cas&e# "y t&e #ate o$ t&is moyour cosin! "aance #ate is 4an. 56- any uncas&e#56 s&ou# "e iste# &ere- eac& on its o'n in#i0i#ua

AD4*STED BANK BALANCE: T&is 'i automaticayDe(osits- an# su"tract Outstan#in! C&e)ues.

+ENERAL LED+ER: T&is is t&e "aance in your +ene"an% statement cosin! "aance #ate.

BANK 2EES: I$ you &a0e "an% $ees 2OR THE 7ONTHDOIN+- 'rite t&em &ere. Note t&at you must recorTHE DAY YO* +ET THE BANK STATE7ENT 8NOT t&ea((ie# on your "an% statement9- or t&is 'i not 'your "an% reconciiation $or t&e 8sca9 mont& en#iin t&e mai on an.


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$ 2,112.2"

$

your +enera Le#!er- an# aso recor# t&at amountmont&.

AD4*STED +ENERAL LED+ER: T&is 'i automatica

DI22ERENCE: Ar!ua"y t&e most im(ortant ine- t&i

ma#e in your "oo%%ee(in!.$ ?aue o$ >=>: %ongrats& 'ou have likely entered every

$ ,ositi0e ?aue: (eans you have more money in the b*edger. This is usually due to not recording either bank fe

$ Ne!ati0e ?aue+ This is slightly more ominous, and inbooks say you do. hile it could mean that money has gmisrecording the amount of a cheque written, or a simplebalance.


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nt.

#e(osits.

c&e)ues.

ues 'ritten TO your society "ut not yetccount yet.

'ritten- "ut &a0ent c&ec%e# o1 int&s "an% statement. 2or e3am(e- i$

c&e)ues you0e 'ritten on or "e$ore 4an.ine.

sum Ban% Baance an# Outstan#in!

a Le#!er on t&e same #ate as your

O2 THE BANK RECONCILIATION YO* ARE"an% $ees in your e#!er ON OR A2TERay t&e "an% $ees are iste# as "ein!r% ri!&t. 2or e3am(e- you are #oin!

n! 4an. 6;. You recei0e# your statementr "an% $ees> 'it& a #ate o$ an.


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su"tract Ban% 2ees $rom +enera

s&o's you i$ any mista%es &a0e "een

hing correctly.

ank than you accounted for in your )enerales or a cheque you wrote.

icates that you have less money than yourne missing or been stolen, it is often due toaddition error in your )eneral *edger


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Bank Reconciliation

SOCIETY NA3E

DATE: END FISCAL 3ONT4

Bank Balance $


TOTA $



TOTA $

A&-u%te& Bank Balance $

.eneral Le&'er $

Adust*ent t& edge+

Bank Fee%

A&-u%te& .eneral Le&'er $

Di//erence $


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9/30

Bank Reconciliation

SOCIETY NA3E


Bank Balance $


TOTA $



TOTA $


.eneral Le&'er $

Adust*ent t& edge+

Bank Fee%


Di//erence $


10/30


11/30

Bank Reconciliation

SOCIETY NA3E


Bank Balance $


TOTA $



TOTA $


.eneral Le&'er $

Adust*ent t& edge+

Bank Fee% $


Di//erence $


12/30


13/30

Bank Reconciliation

SOCIETY NA3E


Bank Balance $


TOTA $



TOTA $


.eneral Le&'er $

Adust*ent t& edge+

Bank Fee% $


Di//erence $


14/30


15/30

Bank Reconciliation

SOCIETY NA3E


Bank Balance $


TOTA $



TOTA $


.eneral Le&'er $

Adust*ent t& edge+

Bank Fee% $


Di//erence $


16/30


17/30

Bank Reconciliation

SOCIETY NA3E


Bank Balance $


TOTA $



TOTA $


.eneral Le&'er $

Adust*ent t& edge+

Bank Fee% $


Di//erence $


18/30


19/30

Bank Reconciliation

SOCIETY NA3E


Bank Balance $


TOTA $



TOTA $


.eneral Le&'er $

Adust*ent t& edge+

Bank Fee% $


Di//erence $


20/30


21/30

Bank Reconciliation

SOCIETY NA3E


Bank Balance $


TOTA $



TOTA $


.eneral Le&'er $

Adust*ent t& edge+

Bank Fee% $


Di//erence $


22/30


23/30

Bank Reconciliation

SOCIETY NA3E


Bank Balance $


TOTA $



TOTA $


.eneral Le&'er $

Adust*ent t& edge+

Bank Fee% $


Di//erence $


24/30


25/30

Bank Reconciliation

SOCIETY NA3E


Bank Balance $


TOTA $



TOTA $


.eneral Le&'er $

Adust*ent t& edge+

Bank Fee% $


Di//erence $


26/30


27/30

Bank Reconciliation

SOCIETY NA3E


Bank Balance $


TOTA $



TOTA $


.eneral Le&'er $

Adust*ent t& edge+

Bank Fee% $


Di//erence $


28/30


29/30

Bank Reconciliation

SOCIETY NA3E


Bank Balance $


TOTA $



TOTA $


.eneral Le&'er $

Adust*ent t& edge+

Bank Fee% $


Di//erence $


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bank reconciliation tutorial and templates

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