Glossary · Also called Bank lodgement not yet credited
Uncredited deposit
Money paid into the bank and recorded by the business but not yet shown on the bank statement.
What it means
A deposit entered in the cash book but not yet processed by the bank at the reconciliation date.
Example
A RM500 cash takings deposit is in the cash book but not yet on the statement.
Why it matters
It explains why the cash book shows more than the statement and is a timing difference in the reconciliation.
In practice
An uncredited deposit has been entered on the debit (receipts) side of the cash book but has not yet appeared on the bank statement. It is sometimes called a lodgement not yet credited. It shows in the bank reconciliation statement as a timing difference. The business has recorded the receipt first, so the cash book balance is higher than the statement balance by that amount.
Suppose the cash book shows RM2,000, but a RM300 cheque banked on the last day of the month has not yet cleared. The statement still reads RM1,700. When reconciling from the statement balance, you add the RM300 to reach the cash book figure.
It is the mirror of the unpresented cheque. An uncredited deposit is money coming in that the bank has not yet processed. An unpresented cheque is money going out that has not yet cleared. Neither needs any adjustment inside the cash book.
If bank reconciliations still feel like guesswork, one of our teachers can work through several with you until the steps are routine. Book a trial class.
Related terms
Syllabus reference: Cambridge 0452 and 0985, syllabus for 2027 to 2029, sub-topic 3.3 Bank reconciliation (page 13).
Definitions here are general accounting explanations for study. For your board's exact wording, see its official syllabus via Sources.
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