Reconciling Items
Bank Reconciliations > Reconciliation Exercise
| Description Of Item | What To Do |
Check Appears In Bank Statement But Not In Check Book | Record and Deduct Check In Check Book |
Check Appears In Check Book But Not In Bank Statement | Deduct From Bank Statement and List as an Outstanding Check |
Deposit Appears In Check Book But Not In Bank Statement | Add Deposit to Bank Statement and List as a Deposit In Transit |
Deposit Appears In Bank Statement But Not In Check Book | Investigate and Record and Add Deposit to Check Book |
Actual Check Amount Recorded in Bank Statement More than Amount recorded in Check Book. | Correct check book by subtracting the difference as an adjustment to your check in your Check Book or correct the check entered. |
Actual Check Amount Recorded in Bank Statement Less than Amount recorded in Check Book. | Correct check book by adding the difference as an adjustment to your check in your Check Book or correct the check entered. |
Actual Deposit Amount Recorded in Bank Statement More than Amount recorded in Check Book. | Correct check book by adding the difference as an adjustment to your deposit in your Check Book or correct the deposit entered. |
Actual Deposit Amount Recorded in Bank Statement Less than Amount recorded in Check Book. | Correct check book by subtracting the difference as an adjustment to your deposit in your Check Book or correct the deposit entered. |
Bank Charges & Fees Recorded in Bank Statement But Not In Check Book | Record and deduct bank fees in Check Book. |
Credit Card Sales Deposited and Recorded in Bank Statement But Not In Check Book | Investigate, Enter, and Add Credit Card Deposit in Check Book. |
Credit Card Processing Fees Recorded in Bank Statement But Not In Check Book | Record and deduct Credit Card Processing Fees in Check Book. |
Deductions for Pre authorized Checks (drafts) for payments such as insurance and bank loans. | Record and deduct the Deduction in Check Book. |
Addition and Subtraction Errors in Check Book. | Enter an adjustment in the Check Book to correct the error. |
What's next ?
Finding Errors