Reconciliation Format

Reconciling with your bank statements can be a task if all the deposits do not agree or if transactions on the bank statements are not recorded in the system. The best format to use in reconciling bank statement is to start with your balance per bank statement.

Balance per Bank

• Plus Deposits-in-Transit
• Minus Outstanding Checks
• Plus/Minus Other bank transactions (e.g. payroll, bank service fees, etc.)

Ending Book Balance