What is the reconciliation formula used by Nojumi?

The reconciliation formula used by Nojumi consists of 2 lines:

1.  Reconciled Balance = Bank Balance - Outstanding Withdrawals + Outstanding Deposits + Bank Errors
2. Reconciled Balance - Trust Listing Balance = Difference

The Reconciled Balance, which is calculated in line 1 of the formula, is the amount that you actually have in the bank, adjusted for outstanding withdrawals, outstanding deposits, and errors. Calculation of the reconciled balance starts by taking the balance in your bank account as of the reconciliation date. It then deducts the outstanding withdrawals (such as outstanding cheques), as these amounts are expenditures that have already been made but are going to clear your account at some point after the reconciliation date. It then adds the Outstanding Deposits, such as a cheque that you have received but not yet deposited into your account, and adds the bank errors to it. 

The reconciled balance (the amount you actually have in the bank, subject to adjustments) is then compared with the Trust Listing Balance, which is the amount that you are supposed to have in your trust account to meet your trust obligations to your clients. The difference between these two amounts is then reflected as the final result of the formula. A reconciled account should reflect a difference of $0. A negative difference means the amount you actually have in the bank, after adjustments, is less than the amount you are supposed to have in your trust account and, as such, reflects a shortfall. A positive difference on the ohter hand reflects that you have more funds than you are supposed to in your trust account. In either case, if there is a difference, you should resolve the difference in order to reconcile the account.