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- Select desired report format and click on GENERATE REPORT
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6. Add to the fund balance from the Cash Summary Report, the total of the outstanding checks from the outstanding Disbursement Summary Report, (Step #4). Subtract from this total any deposits posted to the system that have not been credited to your account by the banking institution.
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)Note This last item would typically be due to a deposit made late in the month that was posted on the computer, but was not posted by the bank on the current bank statement - 7. Compute the total of all bank statements, change funds, petty cash funds, and investments.
- 8. Compare the total from Step #6 with the total from Step #7. If they are identical, the banks statements agree, (i.e.---are reconciled) to the financial statement from the computer system. If this is the case, you are finished with this procedure.