Bank Reconciliations
What is a bank statement
The document that records the employees work
What is a timesheet
This one of first on the chart of accounts, and used for small purchases.
What is Petty Cash
This report include revenue and expenses
What is an Income Statement, Variance Report
What is provided when an individual owes the Nation funds
What is an invoice
The amount on the credit side of the bank statement
What is a deposit for the Nation
A record of employees earnings that is issued once a year
What is a T4
What is Accounts Receivable
What are Audited Financial Statements
What is a Monthly Statement
Irregular transaction not processed by the Nation
What could be fraud
An amount deducted off payroll and issued to the government
What is EI, CPP or Taxes
What is the Band office building
When an AR invoice amount is decreased, what is recorded
What is a credit note
Amounts withdrawn on the bank statement that is not a cheque
What is a electronic payment (eTransfer)
The amounts are posted to this account when payroll is completed
What is salary/wages expense
When an insurance policy is paid in advance for the full year, it is recorded in this account
What is Prepaid
The Finance and Audit Committee would review this how often
What is Quarterly Reporting
A payment term provided by suppliers
What is Net 30 days
What is a Reconciled Bank Statement
How should this type of financial information be treated
What is confidentiality/privacy
Assets are reported on which report on the _____
What is a Statement of Financial Position/ Balance Sheet
A report of assets, liabilities, equity/accumulated surplus
What is a Statement of Financial Position (Balance Sheet)
Both the AR and AP Subledgers ending balance reconciles with ____
What is an AR or AP Control Account