What Is the Adjusted Balance Method?

The bank deposit balance adjustment statement is sent by the bank to the enterprise at the end of the period, and can be stored as additional information in the bank deposit account. The main purpose of this table is to check the bank deposit accounts, the differences between corporate accounts and bank accounts, and also to check for errors between corporate and bank accounts. The adjusted balance is generally considered to be the actual amount of deposits available to the bank on the reconciliation date of the enterprise

Bank deposit balance reconciliation

It is based on the balance of the bank statement and the balance of the company's book deposit, plus the balances received by the other party.

The bank deposit balance adjustment table is generally prepared on the basis of the book balances of both parties, and supplements the amounts that have been recorded by the other party but have not been recorded by the party, and then verifies whether the adjusted accounts of the two parties are consistent.

Bank deposit balance reconciliation overview

The general manual verification counterparty has corporate statements and bank statements. The specific operations are as follows:

Bank deposit balance adjustment

1. Check last month. Items that have not been accounted for in the previous month are checked off from the corresponding corporate statement and bank statement this month, and are no longer recorded in the reconciliation statement.

2. Check this month. Tick out the same amount in both bills (the corporate statement debit corresponds to the bank statement credit).

3. Modify the error. Enter the unaccounted items found in the reconciliation table, and then check whether there are bank deposit errors, reversed account records, amount errors, etc. in the enterprise billing statement. If there are errors, modify them in the enterprise bill and correct the The unit book balance in the bill.

4. Check next month. In the next month's corporate and bank statements, find out if there are any outstanding accounts in the current month. If so, record their voucher numbers or bank statement numbers in the monthly reconciliation statement. The recorded outstanding accounts are listed below. No adjustment for months.

5. If you still have to wait in the end, which one should be used as the actual funds?

6. Remember to apply the formula, for example: currency funds = cash on hand + bank deposits + other currency funds, etc.