How to interpret a bank reconciliation statement
ID:CVINBR
Video Overview
This tutorial will look at reconciling supplier statements and the creditors reconciliation statement. Supplier statements are documents the supplier sends out to their debtors to reflect the total balance owed and the amount that is due currently. When a business receives a statement of account from a supplier, a reconciliation of the creditor’s statement is performed before the account is settled. This is a regular procedure performed by a business and is done to ensure that the amount reflected on the account statement sent by the supplier is in actual fact correct, and in balance with the books of the business.
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