The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> reconcilation statement
Post Info TOPIC: reconcilation statement
herry


Member

Status: Offline
Posts: 16
Date:
reconcilation statement
Permalink Closed

what would be the treatment of unpresented cheques in reconcilation statement????



__________________
Lynwood


Member

Status: Offline
Posts: 17
Date:
Permalink Closed

you leave them as unpresented items , you cant tick them off if they havent go through the bank account statement

__________________
Stardoe


Guru

Status: Offline
Posts: 1470
Date:
Permalink Closed

You deduct them from the bank balance at the given date.

If you start off with the bank balance, you deduct unpresented cheques and add unpresented lodgements to get the cash book balance.

If you start off with the cash book balance you do it the other way round smile.gif

If you are doing this on Sage, you leave the unpresented items as unreconciled in the bank reconciliation window.

HTH
Pauline

__________________

Pauline
Merlion ABS


Senior Member

Status: Offline
Posts: 280
Date:
Permalink Closed

quick summary as to how it would look on paper

Balance per Bank Statement £1000

Add unpresented lodgements £500

Less unpresented cheques (£250)

Bank balance per software £1250


The unpresented lodgements and cheques these are items in the software that are left unticked or unreconciled as at the end of the month/year.



__________________
www.merlionabs.co.uk
info@merlionabs.co.uk
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> reconcilation statement
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About