What Should We Do To Check Bank Deposits?

The inventory of bank deposits is carried out by checking the records of the bank deposit journal and the bank reconciliation.

Banks regularly compile "bank statements" for their bank deposits.

After receiving the "bank statement", the enterprise must check the bank journal and the bank statement.

In accounting practice, the balance of bank deposit journal is often inconsistent with the balance of bank statements.

The occurrence of this situation is mainly due to the failure to reach the accounts.

The so-called non entry account is due to the receipt of credentials between the bank and the enterprise, and the other party has not yet received the voucher without accounting.

To check the bank deposits, the enterprises should first identify the outstanding accounts.

There are usually four situations when there are no accounts.

1. enterprises have already entered accounts for all kinds of payments to the bank, but the bank has not yet entered the account because they have not completed the relevant formalities.

2. the company has already issued payment credentials such as checks, and has paid the bill, and the bank has not yet received the certificate or has not completed the relevant formalities and has not yet entered the account.

3. enterprises entrust banks

The bank has received and entered the account, but the bank has not yet received the bank's notice of collection and has not yet entered the account.

4. the amount of money paid by banks for enterprises.

Payment has been made, but the enterprise has not yet received the payment notice from the bank and has not yet entered the account.

Because the above accounts do not exist, the balance of bank accounts will be inconsistent with the balance of bank statements.

Therefore, the enterprise must adjust the outstanding accounts, check the balance of the adjusted bank deposit journal and the balance of the adjusted bank statements.

If both accounts are correct, the adjusted balance should be consistent.

The adjustment of the outstanding accounts is carried out through the preparation of the bank balance statement.

In the reconciliation statement of bank balances, we should complete the registration of the outstanding accounts of the two parties, then calculate the adjusted balance and check them again.

Need explanation.

Only to find out the outstanding accounts, so as to find out the actual balance of bank deposits.

It is neither original nor bookkeeping.

The book record cannot be adjusted accordingly.

For those outstanding accounts that have not yet been recorded, the accounting treatment can only be carried out until the relevant bank settlement documents reach the enterprise.

Finally, it should be pointed out that in other aspects, the calculation of other monetary funds includes monetary fund accounting.

Other monetary funds include "foreign port deposit", "bank draft deposit", "bank note deposit", "deposit investment fund" and so on.

Other monetary funds are accounted for through other monetary fund accounts.

In order to calculate different types of other monetary funds, enterprises should set up other monetary fund subsidiary accounts according to the "foreign port deposit", "bank draft deposit" and "bank promissory note deposit" and other subsidiary accounts.

Such as: