Bank Reconciliation Statement
A bank reconciliation statement shows exactly what the canteen has in the bank at the end of the month and balances this against the Income and Expenses ledgers.
To use the Bank Reconciliation Statement template:
1. Write the balance according to your last bank statement.
2. Write in any deposits you have made that were too recent to be included on the statement (get these from your deposit book or deposit slips).
3. Under Unpresented Cheques write in any cheques that you have written, but have not been included, to date on any bank statement.
4. Calculate your bank balance by adding your outstanding deposits to the statement balance, then subtracting the unpresented cheques.
5. Now add the income the canteen received during the month (from your Income Ledger) to the bank balance on your previous bank reconciliation, then subtract the month’s expenses the canteen has paid (from your Expenditure Ledger). Check that this total agrees with the total you reached in point 4 above. If the figures do not agree, check that you have recorded all the relevant figures in your ledgers and that your calculations are correct.
Download a Bank Reconciliation Statement here
Source: Management $ense, Food Sense, 1997
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