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BC Monthly Trust Reconciliation Checklist
A month-end checklist for BC rental trust accounts: the Rule 80(c) bank reconciliation, the Rule 81(b) trust liability reconciliation, sign-off and the 5-week deadline.
PDF16 itemsFor landlords
What's Inside
The first 5 of 16 steps
- Post every receipt and payment to the trust journal and the owner ledger, on the day it happens.
- Match every deposit to a tenant and property.
- Do it even in a month with no transactions.BCFSA expects a bank reconciliation every month.
- Start from the bank statement balance at month-end.
- Add deposits not yet on the statement; subtract outstanding cheques.List the date and description of each.
+11 more items in the full checklist
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