Compare the initial balances on the cash book and the bank statement.  On the statement, mark thesetransactions as last month’s and disregard them from now on (cross them out)., Tick off the items that appear on both the bank statement and the cash book., Use the bank statement and the schedule of regular payments to up-date the cash book with things such as bank charges, credit transfersfrom customers and regular payments by DD and SO., Balance the cash book., Mark the cash book entries that don’t appear on the bank statement.  These will go in the bank reconciliation statement for the month end.  They willbe un-presented cheques or items paid into the bank (outstanding lodgements, Prepare the bank reconciliation statement, starting with the statement balance at the end of the month, using the following layout:.

Steps of Bank reconciliations - Sage 50-AAT level 2




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