The cash balance in a company's general ledger and the bank's balance on the bank statement will generally be different because of the time lag in recording transactions.

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The cash balance in the general ledger and the bank statement will not always match due to timing differences in recording transactions. For example, checks deposited may take several days to clear the bank and be reflected in the bank's balance, while the company may have recorded the deposit immediately in their general ledger. Additionally, checks written by the company may not be presented for payment immediately, resulting in a difference between the bank's balance and the company's recorded balance. These timing differences can cause discrepancies between the two balances.

The Cash Balance in a Company's General Ledger and the Bank's