Financial Reconciliation Record
The Financial Reconciliation Record shows the canteen’s cash position at the end of each month, after taking into account the money owed to and by the canteen.
Completing the Financial Reconciliation Record:
1. Fill in the canteen’s bank balance from the Bank Reconciliation Statement.
2. Fill in the total outstanding expenditure from the Outstanding Income and Expenditure Record.
3. Fill in the total outstanding income from the Outstanding Income and Expenditure Record.
4. Calculate the balance by subtracting the outstanding expenditure from the bank reconciliation balance, then adding the outstanding income.
Download a Financial Reconciliation Record template here
Source: Management $ense, Food Sense, 1997.