bank reconciliation

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
I am completing a bank reconciliation and have a difference that I cannot place. After I have added outstanding lodgements and deducted unpresented cheques there is a difference of £3076. This is the same amount as the difference between the two opening balances. It also matches a figure for wages which were paid at the start of the month but this is already in the cash book and on the bank statement. Any ideas?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    bank reconciliation

    <BR>Hi Emily. It sounds to me like you need to reconcile the difference between the two opening balances first. Have a look at the cheque numbers, to see what's already gone through.<BR><BR>Hope this helps, Scotty.

Categories

Privacy Policy