Month-End Bank Reconciliation Sign-Off

Sign-off reports the book balance, the bank balance and the reconciling items between them for any closing date. The accountant signs the month off, and its matched entries are locked against casual editing.

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The statement the accountant asks for

The statement shows the balance as per books on the closing date, the reconciling items beneath it, and the balance as per bank at the bottom. It prints per account and per period, and it exports. It is the output of work already done.

What sign-off changes

Signed by a person

The month is closed by somebody with the right to close it. That name sits on the closed period along with the date and time.

Matched entries lock

Once closed, entries inside the month stop being editable in passing, and a later correction is made deliberately and recorded as a change.

Any closing date

The difference can be shown on any date that is picked, which helps when a bank asks for figures in the middle of a month.

Account by account

The current account, the overdraft and each branch account close on their own, each with its own reconciling items and its own signature.

What an auditor can review later

Every statement line and the entry it was matched against
The reason written on each exception, with a name
Matches, reversals and write-offs by person and date
The reconciliation statement as it stood at closing

FAQ

Frequently asked questions

Can a signed-off month be reopened?

Yes, by somebody who holds that right. The reopening and every change made afterwards are recorded, so the version the auditor reviewed is still there later.

Does signing off mean the account is clean?

No. It means the difference on that date is explained, item by item. An old cheque still to be presented or a credit under enquiry can sit inside a signed month once somebody has written what it is.

Does it close our books?

No. Final accounts and GST stay with your accountant, in Tally or wherever the books are kept. Reconciled entries export under the accountant’s ledger names. What closes here is the reconciliation.

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Tell us what you need.

Share your requirements and one of our engineers will come back to you within one business day.

What happens after you share your requirements

A senior engineer reads your answers. Nobody phones first.
Within one business day you get a written note: what we understood, what we would start with, and the questions we still have.
If it fits, a proposal follows with the order of work, what we need from you and what you receive at each step.
No call is booked and nothing is paid until you have read the note. Your details stay with us.

Start with your requirements

Seven short steps that tell us what you need. A senior engineer reads them before anyone gets in touch.