Betting Sites Not On Gamstop Uk
 Bank Reconciliation - Business Terms Meaning
Tax Sheets
Company formation
Uk Legal Documents
Business Jargon
Business Software
Business Book Store
Useful Links

Bank Reconciliation

Bookmark Page
Tell a friend
About us
uk Business Articles documents

 

Valid HTML 4.01!


Business terms and jargon explained. Your business dictionary


Bank Reconciliation

This is an accounting statement that reconciles the cashbook and the bank statement. When a payment is received e.g a cheque, it is recorded in the cashbook. The cheque is then put into the bank account and a few days time the amount will appear on the bank statement. When the cheque is received and recorded in the cashbook the cashbook balance will then be different to the bank statement on that date. The time delays in trancactions and the time that it takes to show on the statements will mean that the two books will have differant balances. Also bank interest will be on the statment and bank transfers that will not be recorded in the cashbook. A bank reconciliation reconciles both balances.

back to Business terms Home page

UK Legal Documents . UK Company Formations . Accounting Software

 

 

 

Copyright © 2004-2006 [Scopulus Limited]. All rights reserved.

Terms of usePrivacy PolicyDirectoryContactSearchSite Map