Posting bank statements and cash reports is a key element of keeping accounting books, enabling ongoing monitoring of the company’s finances. Bank statements: a document issued by the bank containing detailed information on the inflows and outflows on the account in a given period. The posting process: receiving the statement (paper or electronic — the latter can be imported into the system); verification (reconciling transactions with the accounting entries and clarifying discrepancies); posting (inflows to revenue accounts, outflows to cost or asset accounts). Cash reports: documents summarising cash operations, posted on the same principle to the appropriate accounts.