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What should you do if you cannot reconcile your account?

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If the Cardholder is aware that she will not be available to promptly reconcile the Statement of Account she must advise the Approving Official?

Yes. If the Cardholder is aware that she will not be available to promptly reconcile the Statement of Account she must advise the Approving Official.


How to reconcile a checking account effectively?

To reconcile a checking account effectively, compare your bank statement with your own records, noting any discrepancies. Adjust your records for outstanding checks, deposits, and fees. Make sure the ending balances match.


What does it mean to reconcile your checking account?

It means to make sure the numbers the bank statement has matches what you have.


What does it mean to balance or reconcile your account?

It means to make sure the numbers the bank statement has matches the numbers you have.


How do you reconcile a bank account using quicken software?

Quicken makes it simple to reconcile accounts using their software. It is almost like using a computerized checkbook register. Many categories are already installed for you.


A best practice is for the Cardholder to reconcile and approve the information in his or her Statement of Account within how many days of the end of the monthly billing cycle?

A best practice is for the Cardholder to reconcile and approve the information in his or her Statement of Account within how many days of the end of the monthly billing cycle?


When should one reconcile ones bank account with ones statement?

As soon as possible after receiving a bank statement.


What does it mean to reconcile a bank account?

A savings and especially a checking bank account have constant deposits and withdrawals, including debits and checks against the account. To reconcile an account is to start from the last monthly balance, add in all deposits, subtract the debits, checks, and withdrawls. Further, it usually means doing each one by one, to arrive at the correct current balance which should match the bank's stated balance.


What is Reconciled Balance?

To reconcile a balance, one seeks to prove the balance is correct. The reconciliation is the sum spent matches the money leaving the account.


How many days after the end of the monthly billing cycle must the GPC Cardholder reconcile and approve the information in his or her Statement of Account?

GPC Cardholders must reconcile and approve the information in their Statement of Account within 5 days after the end of the monthly billing cycle. This prompt action ensures timely processing and accountability for the transactions recorded during that period.


What is the definition of bank reconciliation?

A bank reconciliation is a routine / process / method, etc, by which you reconcile the bank's balance of your account to your balance of your account as of a specific date. (Helps you make sure what think you have, is what the bank thinks you have.)