A cash flow statement is a financial report that contains information on cash inflows and cash outflows from a company during a certain period. This information is presented according to the type of activity that causes the cash inflows and outflows to occur. Company activities generally consist of three types, namely, operational activities, investment activities and financial activities. The process of receiving and disbursing cash is also recorded at any time for the preparation of the company's income statement. Cash flow recording activities at this company are still manual where every company receipt will be recorded by employees of the finance department which will ultimately be recapitulated in the annual report and compared with other recording results such as cash disbursements. This system has many weaknesses where the information needed cannot be presented quickly and accurately, requiring a fairly complicated process for a longer time to check certain cash flows.
Bank reconciliation is one of the ways that companies do as a form of internal company control. CV Lisa Pratama in the company's internal control has not carried out a bank reconciliation. The methods used in this research are interviews, observation and literature, while the bank reconciliation method is used as a method of solving existing problems, the research method uses the research and development method of R&D (Research and Development) and the system development method uses the SDLC (System Development Life Cycle) method. . For internal control, the company uses bank reconciliation. Based on the evaluation, it can be concluded that the CV. Lisa Pratama has not conducted bank reconciliation every month. Bank reconciliation aims to match company balances with bank checking accounts so that the company knows the causes of differences in balances such as bank interest income transactions and bank administration fees which are only known to the bank which is not yet known by the company and vice versa. The benefit of reconciliation for the company is as an internal control for bank cash receipts and payments.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.