Required
intermediatefinancial
v1.0Bank Reconciliation Step-by-Step
Banking
30 min read95 viewsFinancials β Banking β Reconciliation
π― Objective
Match your bank statement to system transactions, identify discrepancies, add adjustments, and complete the reconciliation.
πΌ Business Purpose
Bank reconciliation ensures the accuracy of your financial records and detects errors, fraud, or missed entries.
π Prerequisites
Bank statement for the period. All transactions entered for the month.
πΊοΈ Navigation Path
Financials β Banking β ReconciliationImportant Warning
Never force-reconcile by adjusting the ending balance. Investigate every discrepancy.