Feb 072008
Balance per cash book
less any bank payments
plus any bank receipts
Corrected cashbook:
less any cheques paid in but not cleared
plus any cheques drawn (paid out) but not cleared
Balance per bank statement:
Note that this is only one way of laying out a bank statement. With the advent of accounting software, a written bank reconciliation such as this is sometimes unnecessary, as bank reconciliations are semi-automated (or completely automated if the software links to the business’s online banking facility
