A bank reconciliation looks at many types of transactions. For instance, unrecorded deposits are identified every month to ensure completeness and the existence of cash and cash equivalents,...

Every month, preparing bank reconciliation statements is required to validate the cash balance in a balance sheet. In the balance sheet, the cash balance often differs from the total amount of all...

A bank reconciliation statement usually lists down all outstanding checks, but are they part of a balance sheet? Outstanding checks on a balance sheet mean that there are still uncleared checks at...

Today, you will learn about bank reconciliation rules.These 10 bank reconciliation rules enable fast and efficient preparation of reconciliation reports. The preparation of a reconciliation...

Today you'll learn are outstanding checks and accounts payable on the balance sheet. Normally, outstanding checks are not considered accounts payable since they are checks previously drawn in favor...

Today, you’ll learn about the bank reconciling items list.The list comprises three categories of bank reconciliation items. First, it includes the deposit reconciliation items. They are...