1. Bank Reconciliations Money out Dr Cr Money in

2. 1. Work through receipts and payments on the bank statement ticking the transaction if it appears in the cashbook FIRST NATIONAL BANK Cheque account SHEET NUMBER 12 ACCOUNT NUMBER 35687412596 Paid in £Paid out £Balance £ 30-JunBalance b/f560.61 01-JulCTA/C 38562959123.90684.51 04-JulCHQ10010756.89627.62 04-JulCR4001330.00657.62 05-JulCR4001245.90703.52 05-JulDRBank charges5.23698.29 05-JulDDEnglish Telecom94.00604.29 05-JulCHQ10010934.89569.40 CHQ Cheque CT Credit transfer CR Payment in DR Payment out DD Direct Debit

3. Activity 1 Cash Book DateDescriptionRef Amount £ DateDescriptionRef Amount £ 01-JulBalance b/d560.61 02-JulHill & French4001245.9002-Jul Salary error 10010756.89 03-JulCash4001330.0003-JulPreston10010896.65 04-JulGreen40014245.8905-JulPetty cash10010934.89

4. Update the cash book with any transactions that are on the bank statement but not in the Cashbook

5. Activity 1 Cash Book DateDescriptionRef Amount £ DateDescriptionRef Amount £ 01-JulBalance b/d560.61 02-JulHill & French4001245.9002-JulSalary10010756.89 03-JulCash4001330.0003-JulPreston10010896.65 04-JulGreen40014245.8905-JulPetty cash10010934.89

6. Activity 1 Cash Book DateDescriptionfolio Amount £ DateDescriptionfolio Amount £ 01-JulBalance b/d560.61 02-JulHill & French4001245.9002-JulSalary error10010756.89 03-JulCash4001330.0003-JulPreston10010896.65 04-JulGreen40014245.8905-JulPetty cash10010934.89 01-JulDebtorCT123.9005-JulBank ChargesDR5.23 05-JulTelecomDD94.00 07-JulBalance c/d718.64 1006.30

7. Enter items that are in the cashbook but not on the bank statement onto the bank reconciliation template (example below) Bank Reconciliation as at Balance as per bank statement Plus outstanding lodgement Less un-presented cheques Balance of Cash Book

8. Activity 1 Cash Book DateDescriptionfolio Amount £ DateDescriptionfolio Amount £ 01-JulBalance b/d560.61 02-JulHill & French4001245.9002-JulSalary error10010756.89 03-JulCash4001330.0003-JulPreston10010896.65 04-JulGreen40014245.8905-JulPetty cash10010934.89 01-JulDebtorCT123.9005-JulBank ChargesDR5.23 05-JulTelecomDD94.00 07-JulBalance c/d718.64 1006.30

9. Bank & Cashbook Reconciliation Bank Reconciliation as at Balance as per bank statement Plus outstanding lodgement Less un-presented cheques Balance of Cash Book

10. Bank & Cashbook Reconciliation Bank Reconciliation as at07-Jul Balance as per bank statement569.40 Plus outstanding lodgement Green245.89 Less un-presented cheques Preston 10010896.65 Balance of Cash Book718.64

11. Questions 2 & 3 Don’t do question 4 yet!

12. Question 4 Opening balance difference