Bank Reconciliation Tutorial?

Answer A bank reconciliation is a process of making sure that your bank statement matches up with what you have recorded in your personal records. Reconciling a bank account should be done periodically t... Read More »

Top Q&A For: Bank Reconciliation Tutorial

Reasons for a Bank Reconciliation?

If you maintain a checking account at a bank, then you must reconcile your account to the checking statement that you receive every month in order to make adjustments to your records or to the bank... Read More »

What is bank reconciliation?

Accurate financial records promote a sense of security in knowing one's financial status. Performing a bank reconciliation ensures that individual and business financial records are accurate and in... Read More »

Define Bank Reconciliation?

Bank reconciliation is the practice of determining discrepancies between the cash balance stated in the company's books and the balance in the checking account maintained by the company's bank. Ban... Read More »

How do I prepare a bank reconciliation?

Where to startFor every transaction that is on your bank statement, make a checkmark next to the same entry in your check register. Double check that the dollar amounts are the same. Subtract from ... Read More »