
Bank Reconciliations
Unpresented checks, therefore, cause a difference between the balance in company’s accounting record and the balance as per bank statement for the period concerned. A check previously recorded as part of a deposit may bounce because there are not sufficient funds in the issuer’s checking account. The Vector Management Group’s bank statement includes an NSF check for $345 from Hosta, Inc. Banks often require customers to pay monthly account fees, check printing fees, safe‐depos […]