{"id":7028162,"date":"2026-08-05T07:31:23","date_gmt":"2026-08-05T07:31:23","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/miscellaneous-debit-credit-on-a-bank-statement\/"},"modified":"2026-08-05T07:31:23","modified_gmt":"2026-08-05T07:31:23","slug":"miscellaneous-debit-credit-on-a-bank-statement","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=7028162","title":{"rendered":"Miscellaneous Debit & Credit On A Bank Statement"},"content":{"rendered":"


\n<\/p>\n

\n \"graphic\n<\/picture>\n<\/a><\/p>\n

From time to time there is a need to record a miscellaneous debit\/credit for the occasions when there is an entry on the bank statement but not in HiRUM<\/a>, or vice versa. This is basically a journal entry<\/a> and should be actioned and rectified as quickly as possible. When this has been actioned it is necessary to record the opposing entry in the miscellaneous debits\/credits.
These entries can be recorded when going through the End of Month Wizard in our Trust Accounting software<\/a>, or by clicking on the banking register and clicking on the debits\/credits icon\u00a0 \"\"\n<\/picture>\n
Click insert and type in the date of the entry, give a description, a unique reference number and the amount whether it is a miscellaneous debit or credit, see below:<\/p>\n\"form\n<\/picture>\n

Once the entry has been actioned, you will need to apply the same reference number to the opposing entry. By doing this you will be able to run a Debits\/Credits Difference report which will now only outline any unresolved entries. Please note that although these have been actioned they will still always appear on the Miscellaneous Debits\/Credits report along with their reference number.<\/p>\n\"\"\n<\/picture>\n\"example\n<\/picture>\n

HiRUM is renowned in the property management industry for our Trust Accounting software<\/a> capabilities.<\/p>\n

Not only does our system provide precision accounting and transparent record keeping, but our accounting wizards ensure lightning fast speed.<\/p>\n

It has been built for those that need to keep accurate records to report to their owners i.e. Strata properties<\/a>, Real Estate agents, those that manage holiday homes<\/a> or simply let multiple properties.<\/p>\n

For a free demonstration of how we can help your property including hotels<\/a>, motels<\/a>, resorts<\/a>, bed and breakfasts<\/a> and more drop us an email or call 07 5574 4990 now.<\/p>\n

You might also be interested in:<\/p>\n

\n

Trust Property Management: 7 Trust Accounting Mistakes You Need to Stop Making Now<\/a><\/p>\n<\/blockquote>\n