1. THE MOST IMPORTANT FUNCTION IN ANY ACCOUNTING SYSTEM Bank Reconciliation

2. Why is this so important? Government Your only proof that your accounts are correct This is what external auditors will check first

3. Why is this so important? Owners How they monitor that they are not being cheated

4. Why is this so important? Internal Pick up missed transactions Pick up duplicated transactions Pick up bank errors

5. Why is this so important? Government Your only proof that your accounts are correct This is what external auditors will check first Owners How they monitor that they are not being cheated Internal Pick up missed transactions Pick up duplicated transactions Pick up bank errors

6. How information gets to the Bank Rec Debtors Fixed Assets Creditors Stock Purchasing Cash Register General Ledger Payroll Bank Reconciliation

7. Fixing Errors Use your Bank Reconciliation Training CD to find out: How to fix incorrect or missing values How to put in bank interest and charges How to correct imbalances