Can the treasurer do the bank reconciliation?
Yes, the treasurer can reconcile the bank statement. It’s important, however, to have someone else review the reconciliation to make sure it was done properly. In addition, you must conduct an annual audit of the books by an audit committee or a qualified accountant and the monthly bank statement must be opened/reviewed by someone who does not have authorization to sign checks. You might want to consider Finance Manager (www.ptotoday.com/manager) to make bank reconciliation easy. Since Finance Manager is a web based software program, your financial data is accessible to anyone with the right permission level. This makes reviewing the bank reconciliation a very simple process!
