Statement of Receipts and Payments Calculating how much money is in the Bank at the end of the month.

Slides:

Advertisements

Similar presentations

Accounting 1.02 VoCats Test Review.

Advertisements

Reconciling the trust to the bank account By-Law 9 SS 18(8) requires that you reconcile the two records by the 25th of each month relating to all trust.

 Invoices/Purchase Orders/Order Forms (copies of forms)  Sales Journal/Accounts Receivable Record (Excel spreadsheets)  Purchases (copies of forms)

Chapter 2 The Treasury. Treasury Department A bank has to receive cash and pay cash for its various activities, so Most of banks transactions are presented.

Forecasting Cash Flows

Balance Sheets Assets = Liabilities + Owner’s Equity.

Journalizing Transactions. General Notes If a co. receives cash – it is ALWAYS a debit. If a co. receives cash – it is ALWAYS a debit. If a co. pays cash.

Frank Wood and Alan Sangster, Frank Wood’s Business Accounting 1, 12 th Edition, © Pearson Education Limited 2012 Slide 16.1 Chapter 16 Returns day books.

Lesson 5 Cash Flow Statement Li, Jialong

Chapter 11 Review Subsidiary Ledger Systems

Income Statements. Income Statement One of four financial statements issued by a business Reports the amount a company has earned between 2 balance sheet.

8.1 Adjustment Entries.

Exercises: PE 8-2A: Items on company’s bank statement

Payroll Accounting, Taxes and Reports

How to budget? Or more importantly - how to control our spending?

Chapter 4 Loans and Credit Cards.

Go to the wiki & Save these for later Classifying Accounts Template Preparing the Income Statement Ex 1 Classification Revision Quiz Income Statement Ex.

1 Accounting 100 Chapter 2 Analyzing Business Transactions.

C ASH - FLOW F ORECASTS Objective Prepare cash flow fore cast from given information.

The closing of the General Ledger

Introduction to Business Professional Historians Assn 11 October 2008 Presented by John Forde Business Tax Information Officer.

Lecture 30 Chapter 07 Cash Task Force Image Gallery clip art included in this electronic presentation is used with the permission of NVTech Inc.

Adjusting Entries. TWO METHODS  Some companies will employ different methods of accounting based on the nature of their operations.  These methods change.

EXERCISES Week 9 Matakuliah : V0232 – Akuntansi Keuangan Hotel

Chapter 6- Source Documents. Source Document (p. 165)  Is a business paper that shows the nature of a transaction.

Accounting & Financial Analysis 11 Lecture 2

$200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 Terminology Financial Statements.

Mr Stokes. To understand the meaning of cash flow To understand why cash flow is important to a business To be able to construct & interpret a cash flow.

Source Documents. The Accounting department of a business does not start the transactions that a business. Sales, the owner, supervisors, managers, all.

How Businesses Use Cash Chapter 6 Cash Control Systems.

Statement of Receipts and Payments Calculating how much money is in the Bank at the end of the month.

Special Journals Subsidiary Ledgers. Sales Journal.

Budgeting Revision for Test. Budgeting is estimating what will happen next month or quarter.

1 McGraw-Hill Ryerson College Accounting First Canadian Edition Price Haddock Brock Hahn Reed.

TOPIC 7 UNIT 1 Concept of a Cash Receipts Journal (CRJ) for a service business.

The process Revision. All information must be recorded Money from Customers is recorded on a Receipt Money paid to suppliers and employees on a Cheque.

C ASH VERSUS P ROFIT How to tell the difference. M AKE SURE YOU HAVE A COPY OF THE P ROFIT & L OSS S TATEMENT & C ASH F LOW S TATEMENT FOR M URPHY ’ S.

Accounting & Financial Analysis 111 Lecture 8 Source Documents, Day accounts/Specialised Journals, Debtors & Creditors Subsidiary Ledgers.

Financial Statements. Income statement Statement of owner’s equity Balance sheet Statement of cash flows.

The Accounting Cycle The accounting period of a business is separated into activities that help the business keep its accounting records in order. These.

RECORD-KEEPING AND ACCOUNTING

Keeping Business Record. What are quarters in accounting? January – March is the 1 st quarter April – June is the 2 nd quarter July – Sept is the 3 rd.

Glencoe Accounting The Steps of the Accounting Cycle The Accounting CycleSection 6.1 The Accounting Cycle accounting cycle Activities performed in an accounting.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-4 Posting Special Journal Totals to a General Ledger.

GLENCOE / McGraw-Hill. Cash Receipts, Cash Payments, and Banking Procedures.

Manual Accounting Systems

Cost & Management Accounting

Journal Entries – lots of transactions…. Part 2 Judith Paquette

Reconciling a Bank Statement

Session outline State the importance of keeping business records

Summary of Bank Reconciling Items

Advanced Financial Accounting FIN-611

Building Financial Statements

Posting Special Journal Totals to a General Ledger

Bank Reconciliation Statement

Manual Accounting & Computerized Accounting

Building Financial Statements

Source Document Answer Key

Recap Analysis and Recording of transactions

Information Management & Financial Analysis for HR Managers

Posting Special Journal Totals to a General Ledger

Posting Special Journal Totals to a General Ledger

LESSON 10-4 Posting from a Cash Receipts Journal

The Owners Incorporation of XXX Building

If you are using UTS Computers. SAVE ONTO USB (not desktop)!

Additional commission applicable as $51k ≥ $50k

BLUEBUILDING Wellington, New Zealand

Events affecting Year 1: 1. Provided $46,000 of services on account.

Received $50,000 cash from the issue of common stock.

Building Financial Statements

Presentation transcript:

Statement of Receipts and Payments Calculating how much money is in the Bank at the end of the month

All reports begin the same Name of the business Name of the report Date of the report

Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31 st January 2012

Statement of Receipts & Payments Starts with the money in the Bank at the beginning of the month

Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31 st January 2012 Bank at beginning 100

Statement of Receipts & Payments Lists all Receipts (money coming in from customers) from the Cash Receipts Journal

DateDetails Rec No FeesSundriesGSTBank Feb 1 Fees Fees Fees Fees Fees Fees Fees Fees Fees Fees Total Cash Receipts Journal

Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31 st January 2012 Bank at beginning 100 Add Receipts Fees 2260 GST Collected

Statement of Receipts & Payments Add the Total Receipts to the Bank at beginning

Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31 st January 2012 Bank at beginning 100 Add Receipts Fees 2260 GST Collected

Statement of Receipts & Payments Lists all Payments (money being paid out) from the Cash Payments Journal

Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31 st January 2012 Bank at beginning 100 Add Receipts Fees 2260 GST Collected Less Payments Rent 500 Stock 500 Electricity 400 Petrol 50 Drawing 500 GST Paid Bank at end 491

DateDetails Chq No RentSundriesGSTBank Feb 1 Rent Stock Rent Electricity Rent Rent Petrol Rent Drawings Stock Total Cash Payments Journal

Statement of Receipts & Payments Sub total less Total Payments = Bank at end

Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31 st January 2012 Bank at beginning 100 Add Receipts Fees 2260 GST Collected Less Payments Rent 500 Stock 500 Electricity 400 Petrol 50 Drawing 500 GST Paid Bank at end 491

Statement of Receipts & Payments Exercises Go to the wiki Copy SofR&P Ex into your Journals & SofR&P file in your Commerce file in your Home Directory  Prepare a Statement of Receipts & Payments for each of the businesses.