AppFolio Adjusted Cash Balance

The adjusted cash balance in AppFolio is calculated by taking the bank statement balance, adding any deposits in transit, and subtracting any outstanding checks. It is used to ensure that the balance in AppFolio matches the balance on the bank statement.

How to Calculate the Adjusted Cash Balance

1. 1Go to the Bank Reconciliation page
2. 2Select the bank account you want to reconcile
3. 3Enter the bank statement balance
4. 4Enter any deposits in transit
5. 5Enter any outstanding checks
6. 6Click "Calculate Adjusted Cash Balance"

The adjusted cash balance will be displayed in the "Adjusted Cash Balance" field.

Common Causes of Discrepancies

• Errors in entering transactions in AppFolio
• Transactions that have not yet cleared the bank
• Deposits made but not yet recorded in AppFolio
• Checks written but not yet cleared the bank

Tips for Reconciling Bank Statements

• Start by entering all transactions from the bank statement into AppFolio
• Make sure all transactions are entered correctly
• Review the bank statement and AppFolio entries side-by-side
• Investigate and correct any discrepancies
• Print out the reconciliation report and keep it in your records

By following these tips, you can ensure your bank statements are reconciled accurately and on time, helping identify errors early and take corrective action as needed.