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volturno

Banking Error

SOLVED
Posted By

Hi,

I am preparing my bank reconciliation and I noticed that there's a $0.20 discrepancy between my book balance and bank balance.

The bank incorrectly recorded a deposit in the amount of $21,970.71 when they should have entered $21,970.91.

I know that this amount is very small, but how should I go about fixing this?

Could I just include this $0.20 to my bank service fee?

Thanks.

 

Parents
  • 0
    verified answer

    Yes - that is a good place to put it. Quite often there are adding errors or illegible printing that causes deposit slips and cheques to be recorded by banks at a different amount. Usually these are just very small amounts - less than a dollar so the differences can be put into bank fees.

Reply
  • 0
    verified answer

    Yes - that is a good place to put it. Quite often there are adding errors or illegible printing that causes deposit slips and cheques to be recorded by banks at a different amount. Usually these are just very small amounts - less than a dollar so the differences can be put into bank fees.

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