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My Statement / The arithmetic
The month, added up honestly
The statement in money, on the same account and the same month
Counts hide the size of a thing, because a line sounds like an event rather than an amount. This page does the conversion honestly: the month added up in money, the two numbers inside one balance, and the arithmetic a reader can reproduce on their own statement.
Desk spec
- opening
- 250.00
- shown close
- 312.00
- settled close
- 292.00
- lines checked
- 500
the lineOne transaction, with a date, a type, an amount and a running balance. The sample month holds 240 of them, and every one belongs to a category.
the running balanceThe balance after each line, in the statement's own order. It is not the balance you can withdraw, because a bonus credit sits inside it: 312.00 shown against 292.00 settled.
the pending lineA line that has been recorded but not settled. Of 500 lines in the sample, 43 were pending and 21 were reversed, against 436 settled.
Direct answerA statement month is a small arithmetic problem with two answers. The sample month opened at 250.00 and closed at 312.00 shown against 292.00 settled, a difference of 20.00 that is one bonus line. The whole reconciliation is four steps and about fifteen minutes on a month of five hundred lines.
The month, added up
The first conversion is the month itself, because it is the figure a reader can reproduce. Six movements take the balance from an opening figure to two closing figures, and every one of them is a line with a type.
Sample G - one month, added up in money
| Movement | Amount | Running balance |
|---|
| opening balance | - | 250.00 |
| deposits | +300.00 | 550.00 |
| stakes | -480.00 | 70.00 |
| returns | +372.00 | 442.00 |
| bonus credits | +20.00 | 462.00 |
| withdrawals | -150.00 | 312.00 |
| six movements | +62.00 net | 312.00 shown / 292.00 settled |
sample G - the month, as one subtraction
opening = 250.00
shown close = 312.00
net movement = 312.00 - 250.00 = +62.00
and the net checked movement by movement:
+ 300.00 deposits - 480.00 stakes + 372.00 returns + 20.00 bonus - 150.00 withdrawals
= +62.00, which agrees
settled close = 312.00 - 20.00 = 292.00
so the account grew by 62.00 across the month,
and 20.00 of what is shown is a line that is not cash.
The two numbers, and the time to check them
The second conversion is the gap and the time, because those are the two things a reader weighs against the effort of reconciling at all. The gap is small and the time is short, which is the honest argument for doing it.
samples H and J - the gap and the time
shown balance = 312.00
cash = 292.00 -> 292.00 / 312.00 = 93.6%
bonus = 20.00 -> 20.00 / 312.00 = 6.4%
the gap a reader must explain = 312.00 - 292.00 = 20.00
and the reconciliation (sample J):
four steps, 500 lines, = 15 minutes
finding a 12.00 gap traced to one pending line
so the arithmetic is short: 15 minutes to explain a 20.00 balance on this
statement, and the answer is one line rather than a mistake in the column.
Put your own statement through the same arithmetic
- Write down the opening balance and subtract it from the closing one, for the net movement.
- Add the six movements and check that they agree with the net.
- Subtract any bonus from the shown balance, and call the rest cash.
- Time the reconciliation once, so the effort is a number rather than a worry.
- Treat the results as something read from the sample, not as a promise about any operator.
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