3) Once you have joumalized and posted all transactions associated with the receipts and other documents submitted by the company, check all items listed in the bank statement and disbursement journal have been accounted for. This is the time to do the bank and cash reconciliation: The bank statement contains transactions that are not always done with cheques issued by the company, as a first step you need to identify those funds and determine what is the reason for them. In the example there are four movement of funds that need further analysis (explanation of their reasons) and their respective journal entries and posting. Normally, deposits received are the result of revenues or advances from customers: 3) Once you have joumalized and posted all transactions associated with the receipts and other documents submitted by the company, check all items listed in the bank statement and disbursement journal have been accounted for. This is the time to do the bank and cash reconciliation: The bank statement contains transactions that are not always done with cheques issued by the company, as a first step you need to identify those funds and determine what is the reason for them. In the example there are four movement of funds that need further analysis (explanation of their reasons) and their respective journal entries and posting. Normally, deposits received are the result of revenues or advances from customers