Outstanding Reconciling Items - UW Main Operating Account
Banking & Accounting Operations is responsible for reconciling the UW main operating bank account. Each month, B&AO will email university departments with outstanding items that need to be corrected by the date indicated in the email notification. Outstanding items that are not addressed by the university department within the specified timeframe are subject to reversal by B&AO at any time. For questions, please respond to the email notification received.
University Department Bank Reconciliations
Banking & Accounting Operations reconciles and manages the main operating bank account (GL1150), where departments make deposits to. University departments with bank accounts for other operational purposes or to pay research subjects are required, at a minimum, to reconcile their bank account activity to their budget or GL once per month.
It is encouraged, especially for those who write checks, to review their bank account activity daily to protect against fraud by viewing check images that have cleared the bank account. Reconciliations for any UW bank account may be asked for at anytime for central review or reference.
For questions or to request training on reconciling bank accounts, please email bankrec@uw.edu.