An outstanding check: a check that was written and deducted from the financial records of the company but has not been cashed by the recipient, so the amount has not been removed from the bank account.

A deposit in transit: a deposit that was made by the business and recorded on its books but has not yet been recorded by the bank.

Deductions for a bank service fee: fees often charged by banks each month for management of the bank account. These may be fixed maintenance fees, per$-$check fees, or a fee for a check that was written for an amount greater than the balance in the checking account, called a nonsufficient funds $($NSF$)$ check. These fees are deducted by the bank from the account but would not appear on the financial records.

Errors initiated by either the client or the bank: for example, the client might record a check incorrectly in its records, for either a greater or lesser amount than was written. Also, the bank might report a check either with an incorrect balance or in the wrong client$$s checking account.

Additions such as interest or funds collected by the bank for the client: interest is added to the bank account as earned but is not reported on the financial records. These additions might also include funds collected by the bank for the client.