The process of comparing the bank balance in the customer's records with that shown on the bank's records and finding a satisfactory explanation for any discrepancies.

The process of equalizing the balance in the current account statement issued by the bank against the list of checks issued, payments deposited or bank charges maintain by the drawer.

A report that shows the differences between your checkbook balance and what the bank's balance shows. It contains a listing of outstanding checks and deposits that the bank has not yet received. All differences between your checkbook balance and the bank's balance should be identified (reconciled).

A detailed statement reconciling, at a given date, the cash balance in an entity's cash book with that reported in a bank statement.

The process of comparing the amounts in the Cash account in the general ledger to the amounts appearing on the bank statement. The objective is to be certain that there is consistency between the amounts and that the company's amounts are accurate and complete. To Top

The analysis that details the items responsible for the difference between the cash balance recorded in the bank statement and the balance of the cash account in the ledger.

A comparison between the bank's record of transactions and the record of the firm's cash book. After taking into account such items as unpresented cheques and bank charges etc., the two records should show an identical balance.

a method used to determine the reasons for discrepancies between the bank statement balance and the Cash in Bank account balance and to calculate an adjusted balance

an essential part of any good book-keeper's toolkit

Verification of a bank statement balance and the depositor\rquote s check book balance.

A routine procedure to find out the reasons for a discrepancy between the balance on deposit as shown by the bank and the balance on deposit as shown by the depositor

the corroboration and authentication of an adjusted closing balance for a financial institution’s records of the account balances as of a specific date. Then the analysis of those items that are causing the difference between the depositor's records and the balance reported on the bank statement.

The operation used to compare your records of the Bank account with the bank's records for a definite date, as shown in the Bank Statement.

The process of checking that your Bank Books and Cash Books agree with your Bank Statements at any particular date. This is an important check that your records are complete and accurate.

Analysis that accounts for the difference between the balance shown on the bank statement and the balance shown in the accounting records on a given date.

A process used by the accountant to reconcile the balance shown on the bank statement for a particular account with the balance shown in the accounting records.

Verifying that balances in the bank match those recorded in the books of the association and explaining any differences that exist, such as unpresented cheques. This is a critical process in achieving financial accountability. Example 3 details

The process of identifying and explaining the difference between the balance presented on a bank statement and the balance in the accounting records of an individual or a company. Insurers sometimes refer to this process as the book balance.

making sure the bank statement, checkbook, and books (ledger, journal, etc.) all agree.

The process of systematically comparing the cash balance as reported by the bank with the cash balance on the company's books and explaining any differences.

Verification that your bank statement and your checkbook balance.

The adjustments made to the balance of an account that reflect transactions made against an account since the most recent statement of that account.

Bank reconciliation is the process of matching and comparing figures from accounting records against those presented on a bank statement. Less any items which have no relation to the bank statement, the balance of the accounting ledger should reconcile (match) to the balance of the bank statement.