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Bank Reconciliation Report

Bank Reconciliation Report helps in determining the causes of differences between the Bank balance as per Company Books and the Balance as per Bank Statement


How to get Bank Reconciliation Report in AccountingBook?

Once you have arrived at a balance as per Bank statement through the Bank Reconciliation page, click on the Bank Reconciliation Report in the AccountingBook links in the home page.

 


A new page opens where you need to add the relevant values

 

 

  1. Select the Account for which the Bank Reconciliation Report is needed from the drop down menu
  2. Select the statement date for which the Bank Reconciliation Report is needed
  3. Click on the Go button to get the Bank Reconciliation Report


    The Bank Reconciliation Report will be as follows:

 

  1. It will display the Closing Balance as per Company Books
  2. It will notifies the causes of difference between the Bank balance as per Company Books and the Balance as per Bank Statement
  3. Deposit and other credits not reflected in Bank will be deducted from the Closing Balance as per Company Books to arrive at the Balance as per Bank Statement
  4. Checks and Payments not reflected in Bank will be added to the Closing Balance as per Company Books to arrive at the Balance as per Bank Statement
  5. Finally, it will display the Closing Balance as per the Bank Statement



 

 

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