Book Keeping Task/Monthly review
From PCSAR
(Difference between revisions)
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** Are the ending amounts the same? | ** Are the ending amounts the same? | ||
** Are there transactions that haven't cleared which should have? | ** Are there transactions that haven't cleared which should have? | ||
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Specifically: | Specifically: | ||
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* Verify that the ending balance match {{status|not yet|2017-09-01}} | * Verify that the ending balance match {{status|not yet|2017-09-01}} | ||
* Verify that there are no uncleared transactions older than 10 days prior to the statement end date {{status|not yet|2017-09-01}} | * Verify that there are no uncleared transactions older than 10 days prior to the statement end date {{status|not yet|2017-09-01}} | ||
| + | |||
The ATB accounts all use one consolidated statement | The ATB accounts all use one consolidated statement | ||
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For ATB casino | For ATB casino | ||
| + | * Get a copy of the latest [https://ca.qbo.intuit.com/app/reconcile?ReconcileSummary=true ATB Casino reconciliation] {{status|not yet|2017-09-01}} | ||
| + | * Verify that the ending dates match {{status|not yet|2017-09-01}} | ||
| + | * Verify that the ending balance match {{status|not yet|2017-09-01}} | ||
* Verify that there are no uncleared deposits older than 10 days prior to the statement end date {{status|not yet|2017-09-01}} | * Verify that there are no uncleared deposits older than 10 days prior to the statement end date {{status|not yet|2017-09-01}} | ||
* Verify that there are no uncleared cheques older than 6 months prior to the statement end date {{status|not yet|2017-09-01}} | * Verify that there are no uncleared cheques older than 6 months prior to the statement end date {{status|not yet|2017-09-01}} | ||
Revision as of 15:54, 2 April 2018
Every month, the books should be reviewed for assurance that they are being kept up to date and accurate. This is normally done by the person the Bookkeeper reports to: e.g. the Treasurer.
The Bookkeeper should do this in advanced to make sure everything is correct and ready before the review.
- Copies of each statement is examined and compared with the reconciliation report
- Are the ending dates the same?
- Are the ending amounts the same?
- Are there transactions that haven't cleared which should have?
Specifically:
- Get a copy of the latest Mastercard statement
(not yet for 2017-09-01)
- Get a copy of the latest Mastercard reconciliation (not yet for 2017-09-01)
- Verify that the ending dates match (not yet for 2017-09-01)
- Verify that the ending balance match (not yet for 2017-09-01)
- Verify that there are no uncleared transactions older than 10 days prior to the statement end date (not yet for 2017-09-01)
The ATB accounts all use one consolidated statement
- Get a copy of the latest ATB consolidated statement (not yet for 2017-09-01)
For ATB chequing
- Get a copy of the latest ATB Chequing reconciliation (not yet for 2017-09-01)
- Verify that the ending dates match (not yet for 2017-09-01)
- Verify that the ending balance match (not yet for 2017-09-01)
- Verify that there are no uncleared deposits older than 10 days prior to the statement end date (not yet for 2017-09-01)
- Verify that there are no uncleared cheques older than 6 months prior to the statement end date (not yet for 2017-09-01)
For ATB casino
- Get a copy of the latest ATB Casino reconciliation (not yet for 2017-09-01)
- Verify that the ending dates match (not yet for 2017-09-01)
- Verify that the ending balance match (not yet for 2017-09-01)
- Verify that there are no uncleared deposits older than 10 days prior to the statement end date (not yet for 2017-09-01)
- Verify that there are no uncleared cheques older than 6 months prior to the statement end date (not yet for 2017-09-01)
Similarly for ATB T-Bill
- Verify that there are no uncleared transactions older than 10 days prior to the statement end date (not yet for 2017-09-01)
Similarly for ATB GICs
- Verify that there are no uncleared transactions older than 10 days prior to the statement end date (not yet for 2017-09-01)
