Balance per BANK (Bank Statement Balance) Add: Deposits in Transit/Outstanding Deposits Possible Error by Bank Less: Outstanding Checks Possible Error by Bank Reconciled or "True" Cash Balance Balance per BOOKS (General Ledger Balance) Add: Notes Collected by Bank (Bank State) Interest earned (Bank State) Overstatement in Cash Payments Understatement in Cash Receipts EFT Receipt (Bank State) Less: NSF checks (Bank State) Debit Card (Bank State) EFT payment (Bank State) Bank Service Fee (Bank State) Understatement in Cash Payment Overstatement in Cash Receipts Reconciled or "True" Cash Balance