AJAX progress indicator
  • bank reconciliation
    A control procedure to establish and verify the correct cash balance via identification of errors, irregularities, and adjustments
  • bank statement
    The document received from a bank which summarizes deposits and other credits, and checks and other debits to a bank account
  • cash
    Items acceptable to a bank for deposit and free from restrictions for satisfying current debts; includes coins, currency, bank deposits, etc.
  • cash budget
    A major component of a cash planning system that depicts cash inflows and outflows for a stated period of time
  • cash equivalents
    Short-term interest-earning financial instruments that are deemed to be highly secure and will convert back into cash within 90 days
  • compensating balance
    An amount that must be left on deposit and cannot be withdrawn
  • debit card
    Transactions are equivalent to an electronically generated check that results in an almost immediate withdrawal of funds.
  • deposits in transit
    Receipts entered on company records but not yet posted by the bank
  • derivatives
    Investments accounted for a fair value that generally derive their value from some other item; examples include commodity futures, options, and so forth
  • fair value accounting
    Sometimes called "mark-to-market;" to record an investment at its fair value and recognize changes in value as they occur
  • NSF check
    Non-sufficient funds check; a customer check returned for lack of funds (a "hot check")
  • outstanding checks
    Checks entered on company records but not yet cleared by the bank
  • petty cash
    A fund established for making small payments that are impractical to pay by check; also known as imprest cash fund
  • proof of cash
    A detailed bank reconciliation that verifies not only beginning and end balances, but also validates deposits and withdrawals during the month