How To Do Bank Reconciliation?

Before exploring how to do bank reconciliation, you should remember two basic concepts which will be used in this process: One is bank statement - list of all transactions which occurred during a particular period of time and impacted cash in bank account of business. … [Read more...]

Bank Reconciliation Process

Here we will be exploring bank reconciliation process. Bank Reconciliation Process Steps There are certain steps which need to be followed to make a bank reconciliation, i.e.: identify total difference between cash book and bank statement compare cash book … [Read more...]

What Is Bank Reconciliation?

First step to understanding what is bank reconciliation is to explore the definition of this accounting term. Bank reconciliation - comparison of accounting records of the cash in bank with the actual cash held per bank statement and clarification of any differences. The result … [Read more...]