how to do bank reconciliation
Answers were Sorted based on User's Feedback
Answer / suresh
@Reconcile means normally at the end of the every period to compare entries in the cash book and compare entries with the pass book.
@The exact causes of difference are scrutinized and then bank statement reconciliation is prepared.
@Necessary suitable entries will passed in the cash book.
3 types of Reconciliation
1. Manual clearing process: In this process we will manually clear the transactions without entering the bank statement into Oracle.
3. Manual Reconciliation
In this process we will manually enter the bank statement into Oracle. We will take the transactions one by one and search for the bank transactions manually and mark the transactions as reconciled.
3. Auto Reconciliation
We will enter bank statement into Oracle and run a program, so that system will search the transactions and will reconcile automatically.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mahesh babu
Reconcilation : Matching either recieps and payments with bank statement lines like debit and credit.
Two types of Reconcilation
1. Manual Reconcilation
2. Auto Reconcilation
Is This Answer Correct ? | 1 Yes | 1 No |
What is terms date basis?
What is Profile ?
Hi, Friends i need some Accounts Payable, General Ledger, Cash Management study material. Please if u have some material kindly send to my id itsaqueelahmed@gmail.com. i will be very thankful to u .
Anyone provide the oracle fin/scm definetions
What is difference between debit memo and credit memo?
Can we maintain 2 sob's for one company, how?
A check issued to supplier has become time-barred and supplier returns it requesting for a new check. Can the existing check be voided and a new check be issued simultaneously?
one employee went on site , we given to him 1000 through prepayment . but i final spends amount is 800, then what about remaining 200 , how can we refund to organisation. through debit memo or credit memo, or , prepayment or if any, please give me best solution , if any one know this question answer reply me this mail, nmallioracle@gmail.com
I am traying to access oracle functiona/ technical interview questions asked by the consultancy "infosys", but i cant find anything when i go the to the links, i need the oracle erp techno functiona questions pls, Thanks, in advance Tovia
what are the reports generated by a functional consultant in GL, AP, AR, CE, FA? thanks for the answers in advance
If purchasing the goods from supplier, (Client or Vendor) want to pay directly by cash then what is the scenario in Accounts Payable, b'coz there is an only three types of payment are available i.e. 1. Electronic, 2. wire, and 3. cheque, in this case what we need, and is the journal entry will get and how it effect in GL Accounts ? to do
Can any one tell set ups required for for Bills Receivables and also Automatic Receipts.