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How to Do ATM Reconciliation




Like bank reconciliation of by every business, it is also necessary to do ATM reconciliation by each bank. It will be helpful to deduct how to make ATM  robbery and fraud and stop it fastly. Before know the procedure of ATM reconciliation, it is very important to know what is ATM reconciliation.

ATM reconciliation means to know the difference between ATM balance as per book and as per actual. Moreover to find the reasons of this difference and supply new cash in ATM for smooth customers' transactions.

1st Step : Fixed the Routine of ATM Reconciliation

It may be every day. Two days in a week or one day in week.

2nd Step :  Organize the Team of ATM Reconciliation

There must be head of team. There must be the custodian who will open the ATM the machine and check the balance cash and compare it with account book cash.

3rd Step : Follow ATM Reconciliation Format

 It has 12 column, it mus be follow for completing the process of ATM reconciliation. Through filling, we know what is closing balance of cash physically and what is ledger balance of cash? What is difference. 

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Accounting Education: How to Do ATM Reconciliation
How to Do ATM Reconciliation
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Accounting Education
https://www.svtuition.org/2017/05/how-to-do-atm-reconciliation.html
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