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SHARE DRAFT RECONCILIATION OUTSTANDING SHARE DRAFT NUMBER AMOUNT ENDING BALANCE SHOWN ON STATEMENT PLUS DEPOSITS NOT SHOWN ON THIS STATEMENT SUBTOTAL LESS TOTAL OUTSTANDING DRAFTS EQUALS ADJUSTED
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How to fill out share draft reconciliation plus

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How to fill out share draft reconciliation plus:

01
Gather all necessary documents, including your share draft statements, cancelled checks, and any other relevant financial records.
02
Begin by comparing the opening balance on your share draft statement to the previous month's closing balance. Ensure they match, as any discrepancies will need to be investigated.
03
Go through each individual transaction listed on the statement and compare it to your records of checks written, deposits made, and fees charged. Verify that the amounts match.
04
Pay close attention to any outstanding checks or deposits in transit. These may need to be included in the reconciliation process.
05
As you identify any discrepancies, make note of them and investigate further. This may involve contacting the bank or other relevant parties to resolve the issue.
06
Once all transactions have been reviewed, add up any outstanding checks and deposits in transit and adjust the ending balance on your share draft statement accordingly.
07
Complete the reconciliation process by rechecking all calculations and ensuring that your adjusted ending balance matches the statement's ending balance.
08
Keep detailed records of your reconciliation process for future reference and auditing purposes.

Who needs share draft reconciliation plus?

01
Financial institutions, such as banks or credit unions, often utilize share draft reconciliation plus to ensure the accuracy and integrity of their customers' checking account transactions.
02
Businesses or organizations that handle a large volume of checks and deposits may also benefit from utilizing share draft reconciliation plus to effectively manage their financial records.
03
Individuals who maintain a checking account with numerous transactions and want to ensure their financial statements align with their personal records can also benefit from utilizing share draft reconciliation plus.
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Share draft reconciliation plus is a process of comparing records of share drafts issued by a financial institution with the corresponding checks cleared by the institution.
Financial institutions that issue share drafts are required to file share draft reconciliation plus.
Share draft reconciliation plus is filled out by comparing the records of share drafts issued with the cleared checks and resolving any discrepancies found.
The purpose of share draft reconciliation plus is to ensure the accuracy of records related to share drafts issued by a financial institution.
Share draft reconciliation plus must report details of share drafts issued, checks cleared, discrepancies found, and any actions taken to resolve discrepancies.
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