| Pub. 583, Starting a Business and Keeping Records |
2006 Tax Year |
This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
7. Bank Reconciliation as of. Summary: This is an example of the reconciliation of the company's bank account as pertains to the sample in the text. It
states:
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Date: January 31, 20--
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Closing balance shown on bank statement: 1,458.12
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Add deposits not credited:
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1/28: 701.33
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1/31: 516.08
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TOTAL DEPOSITS NOT CREDITED: 1,217.41
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Subtotal: 2,675.53
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Subtract outstanding checks:
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Number 90: 66.70
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91: 9.80
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94: 150.00
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95: 300.00
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TOTAL OUTSTANDING CHECKS: 526.50
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Adjusted balance per bank statement: 2,149.03
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Balance shown in checkbook: 2,153.03
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Add: Deposit of $600.40 for 1/8 entered as $594.40 (difference): 6.00
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Subtotal: 2,159.03
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Subtract: Bank service charge: 10.00
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Adjusted checkbook balance: 2,149.03
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