USA Bank Recon

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Our banking is done on accrual basis. This is a bank reconciliation question.
Example: $100.00 Expense recorded in cash book on 10/30/2023. It is deducted from the bank statement as it is an outstanding check.
11/3/2013: the payment for $100.00 clears the bank. Do I deduct/add this amount to the cash book side of the reconciliation in November?
 

kirby

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When you did the 10/30 bank recon that check was deducted from the accounting books but had not yet been deducted from the bank’ records. So it was a reconciling item and you had to reduce the balance per bank by the $100.
When you do the 11/3 bank recon, the check will now be deducted from the bank’s records. So it is no longer a reconciling item. You change neither the accounting books balance nor the balance per bank.
 

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