Bank Reconciliation Statement

Overview

Below is a clear, business-focused explanation of the Bank Reconciliation Statement report, written for practical usage in Dafater.

---

Bank Reconciliation Statement – Business Overview

What Business Information This Report Provides

The Bank Reconciliation Statement shows the difference between your bank account balance as per Dafater and the actual balance as per the bank statement.
It highlights transactions that are recorded in Dafater but not yet reflected in the bank, or vice versa.

This report helps businesses ensure that: - Bank balances in Dafater are accurate
- No payments or receipts are missed, duplicated, or incorrectly recorded
- Cash position reflects reality

---

When and Why to Use This Report

You should use this report: - Monthly, after receiving the bank statement - Before closing accounts for a period - Before audits or financial reviews - When investigating cash differences

The purpose is to: - Validate that internal records match the bank’s records - Identify pending or unclear transactions - Maintain strong financial control and accuracy

---

Key Columns and Their Business Meaning

• Date
  The date the transaction was recorded in Dafater. Useful for matching against bank statement dates.

• Reference / Voucher No.
  The Journal Entry or transaction reference that helps identify the source of the entry.

• Description / Remarks
  Business explanation of the transaction, such as customer receipt, supplier payment, or bank charges.

• Debit Amount
  Amount paid out from the bank account (reduces bank balance).

• Credit Amount
  Amount received into the bank account (increases bank balance).

• Clearance Date
  The date when the transaction was cleared by the bank.
  If blank, the transaction is still uncleared.

• Balance as per Dafater
  Running balance according to your internal records.

---

Available Filters and Their Business Purpose

• Company
  Select the legal entity whose bank account is being reviewed.

• Bank Account
  Focus on a specific bank account to reconcile accurately.

• From Date / To Date
  Match the report period with the bank statement period.

• Show Only Unreconciled Entries
  Quickly identify transactions that require attention or follow-up.

• Include Reconciled Entries
  Useful for full-period review and audit verification.

---

How to Interpret the Results for Business Decisions

• Uncleared Payments
  May indicate cheques not yet presented or bank processing delays. Follow up if pending too long.

• Uncleared Receipts
  Could mean customer payments deposited but not yet credited by the bank.

• Unexpected Transactions
  May reveal bank charges, interest, or errors that need to be recorded in Dafater.

• Large or Old Pending Items
  Require immediate investigation to prevent cash misstatements.

A clean reconciliation (minimal differences) indicates strong financial discipline and reliable cash reporting.

---

Common Use Cases and Scenarios

• Month-End Closing
  Ensure bank balances are accurate before finalizing accounts.

• Audit Preparation
  Provide clear evidence that bank balances are verified.

• Cash Flow Review
  Understand true available cash after considering pending transactions.

• Error Detection
  Identify duplicate entries, missed postings, or incorrect amounts.

• Bank Issue Follow-up
  Support discussions with banks regarding delays or discrepancies.

---

Business Value Summary

The Bank Reconciliation Statement is a critical financial control report in Dafater. It ensures trust in your cash data, supports informed financial decisions, and protects the business from errors, fraud, and misstatements.

← Back to Accounts

Report Information

• Module: Accounts
• Related DocType: Journal Entry
• Report Type: Script Report
• Standard: Yes