Bank reconciliation: Difference between revisions

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''Accounting''.  
''Accounting''.  


A quantified explanation of the difference between:
A quantified explanation of the difference between:


1. A bank account balance in the customer's accounting records; and
#A bank account balance in the customer's accounting records; and
#The bank statement balance.


2. The bank statement balance.


Sometimes abbreviated to 'bank rec'.
Sometimes abbreviated to 'bank rec'.


== See also ==
== See also ==
* [[Reconciliation]]
* [[Reconciliation]]
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 13:26, 27 June 2022

Accounting.


A quantified explanation of the difference between:

  1. A bank account balance in the customer's accounting records; and
  2. The bank statement balance.


Sometimes abbreviated to 'bank rec'.


See also