Bank Reconciliation

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Bank Reconciliation

Reconciling bank accounts is one of the simplest ways to ensure all transactions are recorded in the accounting system.

Overview

A bank reconciliation is a process to compare the cash amounts in the bank account to what is recorded in the accounting record. The reconciliation is not complete until all items affecting the bank account are recorded in the accounting record and a list of outstanding items affecting the bank balance are totaled to obtain the true amount of cash available.

Download the PDF here.