Rose then enters the amounts into the Reconciliation section of the worksheet.
The Expected Bank Statement Balance of $2,441.50 is the closing Bank Statement balance so it is good and correct.
If it did not come to that on
the Bank Reconciliation Worksheet, it would mean either:
- Rose had not done her Cashbook
adjustments correctly making the Closing Bank Balance wrong or
- Entered or calculated the Unpresented checks/cheques or Outstanding Deposits incorrectly in the boxes on the worksheet
...and would have to go back to check them all.
The Cashbook closing balance for the last day of April will remain as $2,091.50.
There are no further adjustments to be made.
The information from the Bank Reconciliation Worksheet is not transferred into the Cashbook because the unpresented check/cheque will be on next month’s Bank Statement.
So next month the Cashbook balance and Bank Statement balance will align with each other without having to do another Reconciliation form (unless of course next month there are new unpresented checks/cheques or deposits).
At the end of the day Rose will file the April Bank Reconciliation Worksheet with the April Bank Statement so that if some months later someone were to look back at April they will see from the Reconciliation worksheet why the Cashbook balance was not the same as the Bank Statement balance.
Cashbook for visa
Here is the image of the Cashbook for the Visa Credit Card which Rose started half way through her pre-printed Cashbook (rather than paying for a whole separate Cashbook from the stationers).
She will match and reconcile this in the same way she matched and reconciled the Main Bank Account, once she receives her Visa Credit Card statement.
Bank Reconciliation Exercises and Answers - Cashbook for Visa Account