Reconcilliation of the 1 Oct - 19 Oct 2010 Financial Statement

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
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ronaldkeyes
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Reconcilliation of the 1 Oct - 19 Oct 2010 Financial Statement

#1

Post by ronaldkeyes »

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?
Ron Keyes
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aebrown
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#2

Post by aebrown »

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.
Questions that can benefit the larger community should be asked in a public forum, not a private message.
waynecooke
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Caution advised

#3

Post by waynecooke »

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)
waynecooke
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Additional note

#4

Post by waynecooke »

russellhltn
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#5

Post by russellhltn »

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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