In case a hugging state is detected, a handle is obtained proceeding from the received piece of information.

In the event the customer wishes to reconcile his or her account, an electronic emulation of the bank statement reconciliation form (RF) is presented to the customer.

consistency between unconsoidated and consolidated financials

How Often Should Bank Reconciliation Be Carried Out?

How Often Should Bank Reconciliation Be Performed?

Assist in preparing financial reconciliation reports according to USAID rules and procedures

If the figures are equal, a successful bank reconciliation statement has been prepared.

A reconciliation statement shall be prepared for Group 1A material after each PIT.

A bank reconciliation statement is a useful financial internal control tool used to thwart fraud.

Incoming reconciliation status must be the same as the reconciliation status recorded by the CITL

(c) a reconciliation between the documents referred to in paragraphs (a) and (b) and the mining royalty return;

Reconciliation statement Required to be submitted by the seventh business day after a PIT Not required Not required

reconciliation of net earnings per financial statement with the profit subject to mining tax

(6) The Minister may at any time, in writing, extend the time required by subsection (5) for filing a reconciliation report.

A bank reconciliation statement is a summary of banking and business activity that reconciles an entity’s bank account with its financial records.