Accounting - Ch. 11.2 Reconciling the Bank Statement

Front

An itemized record of all transactions in a depositor's account over a given period, usually a month.

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Bank Statement

Front

Checks that have been paid and deducted from the depositor's account

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Canceled Checks

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Copies of original checks

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Imaged Checks

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The process of determining any differences between the bank statement and the checkbook

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Reconciling the Bank Statement

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Checks that have been written but have not yet been presented to the bank for payment

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Outstanding Checks

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Deposits that have been made and recorded in the checkbook but that do not yet appear on the bank statement

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Outstanding Deposits

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a fee for maintaining bank records and processing bank statement items for the depositor

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Bank Service Charge

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a demand by the drawer, usually in writing, that the bank not honor a specific check

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Stop Payment Order

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A check returned to the depositor by the bank because the drawer's checking account does not have enough funds to cover the amount

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NSF Check

Front

A check with a future date

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Postdated Check