Which Transactions Need Document Matching for Bank Reconciliation?
Several types of transactions require document matching for bank reconciliation. The following matching types may be encountered:
Sales invoice: This refers to an incoming transaction resulting from a sale. An invoice containing the customer's data is required to reconcile this type of transaction,
Purchase invoice: This refers to an outgoing transaction from a purchase. An invoice or receipt containing the seller's data should be provided to reconcile this type of transaction.
Bank fee: This represents a fee charged by the bank. No specific document is required for this type of transaction.
State fee: It refers to a payment made to the authorities as a state fee. No specific document is required for this type of transaction.
Personal loan: This refers to a loan provided by the company's owner to the company itself. No specific document is required for this type of transaction.
Daily allowance: This refers to a payment from the company to a board member after a business trip. While no document is required, the customer must select a business trip for reconciliation.
Refund: This represents a refund for goods or services that were not delivered. No specific document is required for this type of transaction.
Internal: This refers to an internal movement of money between the company's corporate bank accounts. No specific document is required for this matching type. Still, the customer needs to choose a bank account for reconciliation purposes.
Cost of entertaining guests: This includes expenses such as coffee or meals incurred for entertaining guests. These expenses are not supported in Companio. No specific document is required for this type of transaction, but taxes will be paid on these expenses. Please pay for these non-business expenses with your personal funds.
Share capital contribution payment: It refers to an amount made by one of the shareholders towards the share capital, either partially or in its entirety.
Dividends: This represents a payment made by the company to one of the shareholders as a distribution of profits after the annual report, provided there has been a profit.
Donations: This refers to a donation made to an organization or NGO.
Board member salaries: This refers to a salary paid to a board member registered as such in the Employment Office of Estonia.
Sales invoice: This refers to an incoming transaction resulting from a sale. An invoice containing the customer's data is required to reconcile this type of transaction,
Purchase invoice: This refers to an outgoing transaction from a purchase. An invoice or receipt containing the seller's data should be provided to reconcile this type of transaction.
Bank fee: This represents a fee charged by the bank. No specific document is required for this type of transaction.
State fee: It refers to a payment made to the authorities as a state fee. No specific document is required for this type of transaction.
Personal loan: This refers to a loan provided by the company's owner to the company itself. No specific document is required for this type of transaction.
Daily allowance: This refers to a payment from the company to a board member after a business trip. While no document is required, the customer must select a business trip for reconciliation.
Refund: This represents a refund for goods or services that were not delivered. No specific document is required for this type of transaction.
Internal: This refers to an internal movement of money between the company's corporate bank accounts. No specific document is required for this matching type. Still, the customer needs to choose a bank account for reconciliation purposes.
Cost of entertaining guests: This includes expenses such as coffee or meals incurred for entertaining guests. These expenses are not supported in Companio. No specific document is required for this type of transaction, but taxes will be paid on these expenses. Please pay for these non-business expenses with your personal funds.
Share capital contribution payment: It refers to an amount made by one of the shareholders towards the share capital, either partially or in its entirety.
Dividends: This represents a payment made by the company to one of the shareholders as a distribution of profits after the annual report, provided there has been a profit.
Donations: This refers to a donation made to an organization or NGO.
Board member salaries: This refers to a salary paid to a board member registered as such in the Employment Office of Estonia.
Updated on: 28/02/2024
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