Bank Reconciliation

Ensure that the bank reconciliation is up to date and that there are no unresolved differences.

Give consideration to making arrangements with the bank so that the maximum information is to hand in time for the month 12 VAT return. If necessary obtain temporary statements. In any event ask for a statement that runs up to the end of March.

Ensure that the bank reconciliation to the 31 March is carried out. This will include all entries in the month 12 VAT return. At this point the balance at bank should agree with the total in FMS. If the figures do not agree, please try to establish why before sending the statements to the Director of Resources but do not delay unduly sending the return. If it is not possible to include all entries to 31 March in the month 12 VAT return these will need to be identified on the reconciliation return.