Example Co | $20 million annual revenue product company
Reconciliation
See the bank statement tie to the ledger with two timing items. The card account stays flagged until its missing statement page is supplied.
How Vanward calculates thisOperating bank
| Item | Amount |
|---|---|
| Statement balance | $2,510,000.00 |
| Deposit in transit | $20,000.00 |
| Outstanding payment | ($30,000.00) |
| Adjusted statement | $2,500,000.00 |
| Ledger | $2,500,000.00 |
| Difference | $0.00 |
Ties. Both timing items are supported and awaiting statement clearance.
Corporate card
| Item | Amount |
|---|---|
| Statement balance | $11,500.00 |
| Adjusted statement | $11,500.00 |
| Ledger | $12,000.00 |
| Difference | $500.00 |
Does not tie. A $500.00 charge is in the ledger but missing from the uploaded statement. Add the final statement page before review.