• admin_temporal
• 24 junio, 2020
• Bookkeeping
• 0 Comments

As mentioned above, timing differences do not require any adjustments in the bank book balance. Therefore, these items need to be part of the bank reconciliation statement only. For timing differences, the company must cancel out the effect of outstanding checks and deposits in transit. In QuickBooks, you have the option to make an adjusting entry if the difference isn’t …