Bank Reconciliation. The base PA and PG systems include a Bank Reconciliation module. HCA-PG and DA-PA divisions will be customized in order to verify the client balances it manages add up to the total amount it has at the bank or county account.
Bank Reconciliation. System When a check has not been cashed within 6 months of the issue date, the check is stale dated and a letter is generated. These letters get reviewed to confirm the correct mailing address and then are mailed to the customer. The intention is to disburse the monies owed to the customer.
Bank Reconciliation. At least at the end of each month, a reconciliation of the bankbook (or ledger accounts) and bank statements should be prepared for the bank account used for the ESAP2 project. The result of the reconciliation should be documented in a formal bank reconciliation statement. Un-reconciled items identified during this exercise should be followed up for appropriate action. The bank reconciliation and bank statement shall be submitted to the MA along with other reporting documents.
Bank Reconciliation. Reconciles bank transactions. • Booking Statistics. Used to determine flown and unflown revenue by booking source. • Bookings by Agent. Displays total bookings created by a system user, by currency, along with booking status (confirmed or held), number of PNRs, and number of passengers/segments including standby segments. Allows the sorting of detail by agent or IATA number, department and location. • Bookings by Agent Detail. Displays detailed information on bookings made by individual booking agents. • Bookings by Agent Detail Restricted. Location-specific Bookings by Agent Detail Restricted report. •
Bank Reconciliation. Monthly bank account reconciliations are processed using the accounting system. This preparation is accomplished by the Finance Department who identifies reconciling items to ensure that cash is being accounted for properly. Any irregularities shall immediately be reported to the CFO. A reconciled Bank Reconciliation report from the accounting system is printed and attached to the bank statement. The completed report is submitted to the Treasurer and the CFO for review, and is initialed by the Treasurer on a timely basis, within 30 days of the bank statement. CHAPTER 6: PROPERTY AND EQUIPMENT The CFO and Director of Operations are responsible for ensuring that accurate inventories are maintained so that all assets are safeguarded The CFO is responsible for maintaining the equipment and all necessary asset inventories. A separate fixed asset inventory spreadsheet, created in Excel is maintained by the Finance Department. All property and equipment subject to the school’s Capitalization Policy must be tagged in the manner described below and depreciated according to the school’s Depreciation Policy. Upon receiving any property that qualifies as a fixed asset, the Finance Department is responsible for recording the following into the fixed asset inventory spreadsheet: ● Inventory number as designated by FLACS (use sequential numbers, no lettering) ● Asset name and description ● Classification (i.e. land, building, equipment, betterment, leasehold improvements, furniture, computer hardware and software) ● Serial number, model number, or other identification ● Whether title vests with FLACS or a governmental agency ● Vendor name and acquisition date ● Location of the equipment ● Purchase Date ● Purchase Value ● Disposal Date ● Disposal Reason In addition, the Finance Department will enter the following data into the accounting system’s general ledger under the fixed asset category: ● Asset name ● Current Value Each item is also physically tagged in a visible area on the item and with the following information: ● Indication whether the item is property of FLACS All government-furnished property and equipment is also recorded with identification information indicating it has been acquired through a government contract. For example, when assets are purchased using funds from the Department of Youth and Community Development (DYCD), that item is tracked and physically tagged as property of DYCD. In the event of charter revocation, the item is returned as property o...
Bank Reconciliation. 5.1 Within one month after the date of Completion the Purchaser undertakes to the Vendor that it shall send to the Vendor a cash reconciliation statement of the Company ("the Cash Reconciliation Statement") setting out the cash at the bank available to the Company as at the Completion Date (the "Cash Balance") having credited amounts deposited on or before the close of business on 24 May 1999 and debited the amount of any cheques or CHAPS transfers or similar issued by the Company on or before the close of business on 24 May 1999.
Bank Reconciliation. District Audit requires all LA establishments, including clusters, to reconcile their bank accounts to the end of the accounting period, i.e. last day of each month. Cluster finance headteachers must arrange to obtain bank statements every month and reconcile these with their accounting records. Any discrepancies must be investigated. The bank reconciliation must be signed by the person who has completed the reconciliation and must be checked, compared to the supporting documentation and countersigned by the cluster finance headteacher, or someone else with delegated financial responsibility, who understands the accounting and reconciliation processes. The person completing the reconciliation should not be responsible for processing receipts and payments. Bank reconciliation statements must be sent to the LA periodically as directed.
Bank Reconciliation. If the optional ticking of transactions has been used then this facility adds to the transaction listing an unticked total and a ticked total. A list of unpresented cheques can also be printed out. Currency code for iXBRL The three character system default currency code is selected here. This may be changed under Main Menu, Database, for an individual client.
Bank Reconciliation. As an extension to 3 above, if the optional ticking of transactions has been employed then this option will be useful. It adds to the transactions listing an unticked total and a ticked total. The later will, when all is correct, be the balance shown upon the bank statement. Account code entry lister First date Last date Account code 680 Cash Total or Net Total Standard or Ticked Standard Year 300402 Do report The default setting upon startup is for a cash flow sequence. First date and Last date The whole accounting period may not be required so dates may be used to limit the report. If a first date is entered then an opening balance will be created for the report. Account code This may be changed to any other account code. Total or Net For cash or bank accounts Total would be required but for standard nominal accounts this would generally need to be changed to Net (of VAT). Standard or Ticked There are a number of options: Standard Reconciliation Unticked Ticked Standard would be used for all types of report except bank reconciliations, or perhaps reconciliations of any other ticked accounts. Reconciliation produces a report which includes a tick column together with an Unticked Total and a Ticked Total. Unticked lists all entries which have not been ticked. Ticked lists all entries which have been ticked. Year This defaults to the currently active accounting period, but may be changed. Upon selection, a list of the available accounting periods is displayed allowing the user to select any. Do report This is selected when the other parameters are correct and the report is to be displayed. The ticking process Ticking of Data Schedule entries is carried out within the individual Data Schedules themselves. By default no Tick column is displayed. When required, the user selects [F4] to the Data Schedule Menu and then Tick-column. This will redisplay the Data Schedule with a Tick column. When not required, the same selection removes the Tick column visibly but retains the tick status of each entry. When a Tick column is displayed the Data Schedule Menu is extended to include a Tick-all option. This is only used when ticking of every entry within the Data Schedule is required. The ticking of entries is carried out using the standard [F2] Edit. It acts as a toggle so that one key press creates a tick and another will remove it. The user should not therefore display the Tick column unless required and unless ticking is taking place it is advisable to keep the curs...
Bank Reconciliation. A.1. Description Bank Reconciliations for the Recipients A.2. Location Borders US A.3. Service Manager TBD A.4. Fees/Charges $21,000/year A.5. Exceptions N/A A.6 Termination Notice 3 months Department: Bank Reconciliation Department description: Responsible for Reconciliation of all bank/disbursement accounts Item Classification Re/(O)ccurrence Item comments General Ledger Balance Sheet Account Reconciliations Task M All Cash and Disbursement Accounts A.1. Description Treasury support services to the Recipients A.2. Location Borders US A.3. Service Manager TBD A.4. Fees/Charges $35,000/year A.5. Exceptions N/A A.6 Termination Notice 3 months Department: Treasury Department description: Item Classification Re/(O)ccurrence Item comments Cash Management Task Ongoing Includes forecasting, funding, borrowing, overdraft facility maintenance Month-end close for bank/cash accounts Accounting Monthly ID all cash activity (cash, wires, checks etc) and tie to specific General Ledger code. Monthly upload to Xxxxxx General Ledger of all activity. Foreign currency transactions for year end hedging Task Yearly Credit card management Accounting, Task, Reporting Ongoing Setting up and managing relationship with credit card companies, monthly entry of credit card fees, planning for credit card fees, reporting on credit card fees. Bank relationships Task Ongoing Set-up and management of bank relationships, monthly entry of bank fees, planning for bank fees. Interest Accounting Ongoing Monthly entry of interest, monthly reconciliations, forecasting and planning Wire Transfer Activity Task Ongoing Activation of approved wire transfers.
