| A | B |
|---|
| Check Register | A record of all transactions affecting the Checking account. |
| Deposits | Additions to the Checking account. |
| Supporting Documents | Include canceled checks, receipts, and paid invoices. |
| Bank Reconciliation | The process of comparing, or reconciling the bank statement with your accounting records for the Checking account. |
| Errors | Mistakes made by the bank or company. |
| Timing Differences | This occurs when the company records an amount before the bank does or the bank records an amount before the company does. |
| Deposits in Transit | Deposits the company has recorded but the bank has not. |
| Outstanding Checks | Checks the company has written and recorded but the bank has not recorded yet. |
| Unrecorded Charges | Charges that the bank has recorded on the bank statement but hte company has not recorded in its accounting records yet. |
| Interest Earned on the Account | Interest the bank ahs recorded as earned but he company has not recorded yet. |
