Hints when doing the bank reconciliation

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Hints when doing the Bank reconciliation:

1.Check that you have all the bank statement pages and that they run sequentially.

2.Use the last day of the month and amount as per the bank statement - this will be your closing date (include items until) and bank balance.

3.Start at the beginning of the bank statement and not in the middle.

4.Use a ruler to make it easier to do the reconciliation line by line and "tick" every reconciled item on your statement.

5.If you find an error, go back to your Cashbook and try to correct it immediately. Do not simply carry on doing the reconciliation.

TurboCASH allows you to do your bank reconciliation even if all your journals have not been posted. You may post or update your journals after your reconciliation is completed, unless you are working on a “Client Machine” in a network environment.



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