What is the Meaning of paying?in book pre year end.

Say A receives £1,000 cheque from B – i.e. an order to B’s bank to pay the person named on the cheque,

A records it in the cashbook on receipt, but cannot “spend” a cheque – it has to be “paid in” to A’s bank a/c. A will have a book of “paying-in” slips with A’s bank’s sort code and A’s a/c number pre-printed. Each day that cheques are paid into the bank, the amounts of cheques being paid in can be listed on the reverse side. The cashier at the bank who receives the cheques being paid in will check that the cheques are in order (e.g. signed by B and not “post-dated” i.e. made out for a later date) and stamp the paying-in slip.

If you browse “what does a cheque book look like” you will find images – you will see that cheques are torn off and a “stub” remains. A paying-in book is the same – the slip is given to the bank – the stub is retained in the book.

The date if the stamp on the stub is proof of the date when the cheque was paid in.

I think as long as you are agreeing that the “outstanding lodgements” per the y/e bank reconciliation statement are appearing on the bank statement very shortly after the y/e (i.e. days – not weeks) you will get the mark. Especially with online banking, paying-in slips, like cheques (and even cash!) are becoming increasingly obsolete.