mebee
Feb 1, 2008, 06:19 PM
Is there a general rule for which adjustments on a bank rec require entries?
MaggieMouse
Feb 2, 2008, 10:34 AM
Usually only for the items that are recording errors, bank fees, NSFs, etc, so-call permanent differences. For temporary differences, such as paid in books but not recorded by the bank, or received money but haven't recorded in books, they will eventurally got recorded when the docu goes through and therefore, does not need adjustments.