How to do bank reconciliation in ubs software

Most of the businesses nowadays have been using computerised handling their recording of daily business operation. Presently, manually recording method is not relevant accordance to the requirements of the government appeals towards management by information technology based.

I have relied on my own experienced teaching computerized accounting system course almost of 5 years. This e-book also collection of my own questions or exercise with the answers also provided. Finally, I fully accept responsibilities for any errors that are bound to exist of any steps or chapter.

I nevertheless trust that such errors would not impede a serious study of texts. She was graduated since , then until now served at Polytechnic Merlimau, Malacca. About the author 5. Using computerized on April Company Total Current 1 month 2 month 3 month 4 month 5 month 6 month Pheonix Trading 5, - 1, 1, - 1, Master Mind Co. OR Used first three 3 characters of month name.

Password : UBS Following are the Trial Balance as at 30 April Both payments was made by cheque RM 2, Paid their debts RM 1, by cash Charts of Account ii. Trial Balance as at 31 July iii. Balance Sheet as at 31 July Total Batch 1 3. Total Batch 7 4. Total Batch 10 5. Total Batch 18 6. Total Trial Balance for the month of July 7. Working capital as at 31 July Cash Balance as at 31 July Total Sales for the month of June Bank Balance as at 31 July Total Trial Balance as at 31 July Net Current Assets as at 31 July Group AB 9, Total Sales for the month of December 6.

Net Profit for the month of November 7. Net Profit for the year of 8. Rent is accrued by RM b. Rates has been prepaid by RM c. RM 2, of carriage represents carriage inwards on purchases. The provision for doubtful debts to be increased by RM 40 f. Closing stock was RM 13, Last Accounting Year Closing Date : ………………………………. Starting Period : ………..

Closing Period : ……….. This Accounting Year : ……………………. To ……………………. Total Batch 2 3. Total Batch 3 4. Total Trial Balance for the month of April 5. Net Profit loss for the year ended 30 April 6. Cash Balance as at 30 April 7. Total sales for the month of April 8. Bank Balance as at 30 April 9. Total Trial Balance as at 30 April Working Capital as at 30 April Debtors Current 1 month 2 month 3 month 4 month 5 month Fareeda Boutique 6, 5, 6, 5, - 5, Aryani Sdn Bhd 6, 4, 5, 5, 4, - Mawar Co.

Date: No Description Amount 1 Being goods returns Voucher : Pay To : Mr. Date: No Description Amount 1 Being payment of outstanding balance 8, Fixed assets depreciation values shall be calculated annually.

B Backup Backup into hard disk with backup. The bounced cheque number is MBB Total Batch 1 RM 2, Total Batch 7 - 4. Total Batch 10 RM Total Batch 18 RM This may require going back several months in order to find the issue, which is why reconciling each month is so important.

Among the various accounting terms and processes you need to understand, such as preparing a budget or tracking business expenses, perhaps one of the most important is completing the bank reconciliation process for all of your active bank accounts.

Are you paying more in taxes than you need to? Every dollar makes a difference, and you can save more of them by taking ALL the tax deductions available to your business. In this page report, we've outlined the top 25 business tax deductions you could be taking and 5 to watch out for!

The Motley Fool has a Disclosure Policy. Try FreshBooks for free today and see for yourself why we named it the Easiest to Use accounting software! Sage 50cloud is a feature-rich accounting platform with tools for sales tracking, reporting, invoicing and payment processing and vendor, customer and employee management. QuickBooks Online is the browser-based version of the popular desktop accounting application.

It has extensive reporting functions, multi-user plans for up to 25 users and an intuitive interface. Check out the best reviews ». The Motley Fool. About The Blueprint. Review Methodology. Advertiser Disclosure We may receive compensation from some partners and advertisers whose products appear here. Enter your email address: Search. Our Top Picks Accounting AccountEdge Pro AccountEdge Pro has all the accounting features a growing business needs, combining the reliability of a desktop application with the flexibility of a mobile app for those needing on-the-go access.

Applicant Tracking Zoho Recruit Zoho Recruit combines a robust feature set with an intuitive user interface and affordable pricing to speed up and simplify the recruitment process. Appointment Scheduling 10to8 10to8 is a cloud-based appointment scheduling software that simplifies and automates the process of scheduling, managing, and following up with appointments.

CMS Weebly Weebly continues to attract and keep loyal users thanks to its user-friendly design and constant upgrades. Construction Management CoConstruct CoConstruct is easy-to-use yet feature-packed software for home builders and remodelers.

More Top Picks. Browse Specifics The right product depends on who you are and what you need — but regardless, you want the best. Browse Software Accounting Accounting software helps manage payable and receivable accounts, general ledgers, payroll and other accounting activities. Applicant Tracking Choosing the best applicant tracking system is crucial to having a smooth recruitment process that saves you time and money. Appointment Scheduling Taking into consideration things such as user-friendliness and customizability, we've rounded up our 10 favorite appointment schedulers, fit for a variety of business needs.

Business Checking Accounts Business checking accounts are an essential tool for managing company funds, but finding the right one can be a little daunting, especially with new options cropping up all the time. CMS A content management system CMS software allows you to publish content, create a user-friendly web experience, and manage your audience lifecycle. Construction Management This guide will help you find some of the best construction software platforms out there, and provide everything you need to know about which solutions are best suited for your business.

Browse All. Sign up for The Blueprint's Newsletter Get trustworthy advice to help your business grow. Enter your email address:. Thank you for signing up. Beginner's Guides Our comprehensive guides serve as an introduction to basic concepts that you can incorporate into your larger business strategy.

Best Of We've tested, evaluated and curated the best software solutions for your specific business needs. Comparisons Trying to decide between two popular software options? How Tos Our experts take you through step-by-step processes, providing tips and tricks to help you avoid common pitfalls along the way. News Learn how the latest news and information from around the world can impact you and your business.

Product Reviews Unbiased, expert reviews on the best software and banking products for your business. Quick Answers Short on time, high on curiosity?

Software Features Not sure how to use a particular tool in your software solution? Browse by Topic Looking for the best tips, tricks, and guides to help you accelerate your business? Search for software and business topics:.

Advertiser Disclosure. Your All-Encompassing Guide to Bank Reconciliations One of the most overlooked steps in the accounting process is completing a bank reconciliation. Mary Girsch-Bock Accounting Specialist. Overview: What is bank reconciliation? How to do a bank reconciliation Most business owners receive a bank statement, either online or in the mail, at the end of the month. Tips for preparing your reconciliation form While completing a bank reconciliation is not difficult, it does require that you pay attention to detail.

Again, attention to detail will help. Tips for verifying bank deposits This is an important step. However, it only takes a few minutes to check the accuracy of your deposits. Assume nothing. Print a check register and compare it to the checks that have cleared: The easiest way to check for outstanding checks is to print a check register and compare it to checks that have cleared.

Be sure to check all outgoing payments, no matter what form they may take. Be sure to include outstanding checks from previous months: Remember to check each month to be sure that any outstanding checks from the previous month have cleared the bank.

Step 5: Create journal entries The final step in the bank reconciliation process is to record journal entries to complete the balancing process. Do I need to reconcile all of my bank accounts? Bank reconciliations are a must Among the various accounting terms and processes you need to understand, such as preparing a budget or tracking business expenses, perhaps one of the most important is completing the bank reconciliation process for all of your active bank accounts.

Easily save this report to your computer or print it at any time. Visit FreshBooks. Sage 50cloud Accounting. Visit Sage 50cloud. QuickBooks Online. Visit QuickBooks. Sage Business Cloud. Visit Sage Business Cloud. The Best Accounting Software of Accounting software helps manage payable and receivable accounts, general ledgers, payroll and other accounting activities. One of the most used features on QuickBooks Online is the invoice tool.

We'll show you how to create an invoice, make recurring invoices, send reminders, and more. A common method customers use to pay is with a check, but you run the risk of receiving an NSF check. Here are five things you do after accepting an NSF check. A cash flow projection estimates the amount of cash that is expected to flow in and out of the business.