© Riaz Ahmed 2019
Riaz AhmedCloud Computing Using Oracle Application Expresshttps://doi.org/10.1007/978-1-4842-4243-8_22

22. Bank Reconciliation Report

Riaz Ahmed1 
(1)
Karachi, Pakistan
 

Even after reconciling your ledger entries with those appearing in the bank statement, there might still be some unsettled transactions on both sides. For example, say a check was issued to a vendor that doesn’t appear in the bank statement. Although it was recorded in the application, for some reason it was not presented to the bank in due course. Similarly, say the bank statement reports a credit amount deposited directly by one of your customers that you were not aware of. In the latter case, accountants prepare a receipt voucher to incorporate and reconcile the ...

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