Reconcilliation of the 1 Oct - 19 Oct 2010 Financial Statement

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ronaldkeyes
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Reconcilliation of the 1 Oct - 19 Oct 2010 Financial Statement

Postby ronaldkeyes » Sat Nov 06, 2010 10:58 am

Since the Reconcilliation procedures have been eliminated in CUBS, how do we go about reconciling the 19 days of the Oct 2010 Financial Statement, or is it even necessary?
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aebrown
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Postby aebrown » Sat Nov 06, 2010 2:34 pm

ronkeyes wrote:Since the Reconcilliation procedures have been eliminated in CUBS, how do we go about reconciling the 19 days of the Oct 2010 Financial Statement, or is it even necessary?

There is no formal reconciliation process, but it is prudent to check the items on the statement.
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waynecooke
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Caution advised

Postby waynecooke » Sat Nov 06, 2010 6:35 pm

Alan_Brown wrote:There is no formal reconciliation process, but it is prudent to check the items on the statement.


Before you buy your island :D. (See thread above)

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Additional note

Postby waynecooke » Sat Nov 06, 2010 6:36 pm


russellhltn
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Postby russellhltn » Sat Nov 06, 2010 9:23 pm

ronkeyes wrote:Since the Reconcilliation procedures have been eliminated in CUBS, how do we go about reconciling the 19 days of the Oct 2010 Financial Statement, or is it even necessary?


As I understand it, CUBS has wiped out all the financial data that the unit was storing on the computer and replaced it with what the church has. As such, there really isn't any point in comparing the computer with the statement - even for the time period before CUBS.

But as Alan says, it would be wise to check and see if it appears that everything is there. No missing checks, or donation batches, etc.
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