DAFORMFILLABLE.COM | DA FORM 5353-R Fillable – Army Pubs 5353-R PDF – DA FORM 5353-R, also known as the Bank Reconciliation Worksheet (LRA), is a critical document used by the U.S. Army for financial reconciliation purposes. This article provides an in-depth look at this form, its significance, and how to properly utilize it.
DA FORM 5353-R – Bank Reconciliation Worksheet (LRA)
| Form Number | DA Form 5353-R |
| Form Title | Bank Reconciliation Worksheet (LRA) |
| Form Date | 11/01/1984 |
| Form Proponent | ASA (FM&C) |
Overview of DA FORM 5353-R
Purpose and Importance
The DA FORM 5353-R is designed to assist financial personnel in reconciling bank statements with the organization’s financial records. This process is vital for ensuring that all transactions are accurately recorded and that the financial statements reflect the true state of the organization’s finances. The form was published on November 1, 1984, and remains an active document within the Army’s financial management system.
Proponent and Status
The proponent for this form is the Assistant Secretary of the Army (Financial Management and Comptroller) (ASA (FM&C)). Its status is active, meaning it is currently in use and applicable for financial reconciliation activities.
Distribution and Accessibility
This form is unclassified and approved for public release, with distribution being unlimited. This ensures that anyone needing the form can access it without restrictions. Additionally, it is available in electronic media, providing ease of access and use in digital formats.
Structure of the DA FORM 5353-R
Sections and Components
The DA FORM 5353-R is divided into several sections, each designed to capture specific information needed for bank reconciliation. These sections typically include:
- Bank Statement Information: Details from the bank statement such as balances and transactions.
- Organizational Records: Financial records maintained by the organization.
- Adjustments: Corrections and adjustments necessary to reconcile differences between the bank statement and the organization’s records.
- Summary: A summary section to reflect the final reconciled balance.
Detailed Breakdown
Bank Statement Information
In this section, financial personnel enter the beginning and ending balances from the bank statement, along with any transactions that occurred during the period.
Organizational Records
This part involves entering the financial transactions recorded by the organization. These transactions are matched against the bank statement to identify any discrepancies.
Adjustments
Adjustments are made for outstanding checks, deposits in transit, and any errors found in either the bank statement or the organizational records. This step is crucial for accurate reconciliation.
Summary
The summary section consolidates all the information, showing the final reconciled balance. This ensures that both the bank statement and the organizational records are in agreement.
How to Use DA FORM 5353-R Effectively
Step-by-Step Process
- Gather Required Documents: Collect the bank statement and the organization’s financial records for the reconciliation period.
- Fill Out Bank Statement Information: Enter the beginning and ending balances and transactions from the bank statement.
- Record Organizational Transactions: List all financial transactions recorded by the organization.
- Identify Discrepancies: Compare the bank statement with the organizational records to identify any discrepancies.
- Make Adjustments: Adjust for outstanding checks, deposits in transit, and any errors.
- Complete the Summary: Fill out the summary section to reflect the reconciled balance.
Best Practices
- Regular Reconciliation: Perform bank reconciliations regularly to ensure ongoing accuracy of financial records.
- Detailed Documentation: Keep detailed records of all transactions and adjustments for audit purposes.
- Use of Electronic Media: Leverage electronic versions of the form for ease of use and efficiency.
Conclusion
The DA FORM 5353-R – Bank Reconciliation Worksheet (LRA) is an essential tool for maintaining accurate financial records within the U.S. Army. By following the outlined process and best practices, financial personnel can ensure that their records are consistently accurate and up-to-date. This form, supported by the ASA (FM&C), is crucial for the integrity of financial management and should be utilized effectively to uphold the highest standards of financial accountability.
DA FORM 5353-R Fillable – Army Pubs 5353-R PDF DOWNLOAD
