Bank reconciliation definition

Bank reconciliation means a specified procedure to determine if all cash assets shown on the financial records reconcile and agree to the amounts reported by the financial institutions.
Sample 1Sample 2Sample 3
Bank reconciliation means a schedule drawn as of a specific date to identify the differences, if any, between a brokerage’s records and the bank, trust corporation, loan corporation, credit union or treasury branch statements;
Sample 1Sample 2Sample 3
Bank reconciliation means the process of comparing activity posted to the court's accounting records with the bank account statement to ensure that bank and court records are in agreement and that discrepancies are investigated and resolved.
Sample 1Sample 2

Examples of Bank reconciliation in a sentence

  • Bank reconciliation of all accounts must be prepared on a monthly basis, reviewed by upper management, and kept on file for examination by DYCD or its designees.

  • Bank reconciliation is done regularly and discrepancies if any pointed out promptly and rectified.

  • Bank reconciliation is a process of verifying whether the sum found in the bank statements at the end of the period correspond with transactions recorded in the accounting system.

  • The financial summary and the Bank reconciliation for the month, were received, noted, and approved.

  • Bank reconciliation statements for non-cash corporate actions where subscription money / call money is received.

  • Bank reconciliation should be prepared promptly and regularly, at least once a month, of the balance as shown in the ledger.

  • Bank reconciliation is not prepared by someone who doesn't sign checks, handle or record cash.

  • Auto Bank reconciliation from the Bank statement downloaded in excel format from Bank Portals.

  • Since Accounts review is made after recording of transactions in books of accounts(Cash Book, General Ledger, Subsidiary Ledgers, Registers, Serially numbered vouchers, Bank reconciliation statement, Bank statements, approvals and other records needed for examination), the same should be kept ready before the review of any entity is undertaken.

  • Bank reconciliation is performed on a monthly basis for all cash accounts.


More Definitions of Bank reconciliation

Bank reconciliation means a schedule drawn as of a specific date to identify the differences, if any, between a brokerage’s records and statements received from a financial institution;
Sample 1Sample 2
Bank reconciliation means the process of comparing activity posted to the court's accounting records with the bank account statement to ensure that bank, court records agree and any discrepancies are investigated and resolved.
Sample 1Sample 2
Bank reconciliation means a specified procedure to determine if all cash assets shown on the financial records reconcile and agree with the amounts reported by the financial institutions holding such assets;
Sample 1
Bank reconciliation shall have the meaning set forth in Section 1.4(b) of this Agreement.
Sample 1
Bank reconciliation with copies of reconciliation, bank statement, list of outstanding checks and deposits in transit General Ledger detail Rent Roll Check Register Accounts Receivable Aging Report – which includes rents and other receivables that are past due and indicates how long past due they are Schedule of Security Deposits Accounts Payable Report
Sample 1

Related to Bank reconciliation

  • Reconciliation Date means the last calendar day of each Reconciliation Period.

  • Reconciliation Report refers to the Reconciliation Report as referenced in s. 3 of Reg 264/07 under LHSIA.

  • Accounting Statement means for each financial year, the following statements, namely-

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • Australian Accounting Standards refers to the standards of that name, as amended from time to time, that are maintained by the Australian Accounting Standards Board referred to in section 227 of the Australian Securities and Investments Commission Act 2001 (Cth);

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with those used in preparing the financial statements referred to in Section 5.5.

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Cash Flow Statement means, with respect to any particular Bonds and Auxiliary Obligations, an Authority Certificate (a) setting forth, for the then current and each future Bond Year during which such Bonds and Auxiliary Obligations will be Outstanding, and taking into account (i) any such Bonds expected to be issued or redeemed or purchased for cancellation in each such Bond Year upon or in connection with the filing of such Certificate, (for which purpose, if such Authority Certificate is delivered as of a date prior to a scheduled mandatory tender date for any Adjustable Rate Bonds, the Purchase Price of all such Adjustable Rate Bonds subject to mandatory tender on such tender date shall be assumed to be due and payable on such mandatory tender date), (ii) any such Auxiliary Obligations expected to be incurred upon or in connection with the filing of such Certificate, (iii) the interest rate, purchase price, discount points and other terms of any Related Mortgage Loans, and (iv) the application, withdrawal or transfer of any moneys expected to be applied, withdrawn or transferred upon or in connection with the filing of such Certificate:

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Agreed Accounting Principles means GAAP; provided, however, that, with respect to any matter as to which there is more than one generally accepted accounting principle, Agreed Accounting Principles means the generally accepted accounting principles consistently applied in the preparation of the Latest Audited Company Balance Sheet; provided, further, that, for purposes of the Agreed Accounting Principles, no known adjustments for items or matters, regardless of the amount thereof, shall be deemed to be immaterial.

  • Generally accepted auditing standards means Canadian Generally Accepted Auditing Standards as adopted by the Canadian Institute of Chartered Accountants applicable as of the date on which such record is kept or required to be kept in accordance with such standards.

  • Financial Covenant has the meaning specified in Section 7.08.

  • Consolidating (or “consolidating”): When used with reference to any financial term in this Agreement, the aggregate for two or more Persons of the amounts signified by such term for all such Persons determined on a consolidated basis in accordance with GAAP.

  • Financial exigency means a condition that requires the bona fide discontinuance or reduction in size of an administrative unit, project, program or curriculum due to the lack of funds available and sufficient to meet current or projected expenditures.

  • Generally Accepted Accounting Principles means the standards for accounting and preparation of financial statements established by the Federal Accounting Standards Advisory Board (or its successor agency) or any successor standards adopted pursuant to relevant SEC rule.

  • Financial Instruments Accounts Act means the Swedish Financial Instruments Accounts Act (lag (1998:1479) om kontoföring av finansiella instrument).