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Bank Reconciliations APSRC Finance Team

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Presentation on theme: "Bank Reconciliations APSRC Finance Team"— Presentation transcript:

1 Bank Reconciliations APSRC Finance Team
with Special Guest Charlotte Nichols

2 Bank Reconciliations

3 Get Ready Check the payroll interface Check the disbursement fund
Keep a void and manual file Balance revenue and expenses

4 Balance Revenue Possible Problems Deposits not in the bank
Deposits not on the books Amounts entered do not match bank Crossed period/statement days Journal entry that effected cash

5 Balance Expenditures Possible Problems Check dates/period
Electronic payments not on the books Check didn’t clear

6 Where to Look Manual checks not recorded EFT’s JE’s that touch cash
Clearing checks –wrong amounts Voids Timing- something that crossed periods Payroll interface

7

8 Tips in General Balance retirement, 941’s monthly
Process in batches – balance each one Keep a void/manual file Keep a back rec log and if anyone has something odd record it

9 Fund Accounting/ Transactions

10 Fund Accounting/ Transactions

11

12 Which reports do you like to use?

13 Questions? Ask Charlotte

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