Client Account Recon statement

Question 1

What is it?

Answer 1

Shows that the total amount of money OWED to clients, (total of the balances of the individual client ledgers) equals the amount of money HELD on behalf of clients, (the balance of the client account column of Cash Ledger)
Requirement 13.9.2 - do this monthly

Question 2

Form

Answer 2

Peter Andrews - 10 King Street £22,000 cr
Susan Ball - 13 North Road £ 5,000 cr
Graham Cook Endersley £ 12 cr
Total held on behalf of clients £27,012 cr
Cash ledger balance, client AC £27,012 dr

Question 3

Client Account Bank Recon Statement

Answer 3

Requirement 13.9.1 - do this monthly

Ensure balance on cash ledger, client account, equals client account bank statements