Bank account reconciliation template for accounting purposes. If your bank balance in the accounts is different from the balance on the bank statement (for example at the end of accounts period), you should prepare Bank account reconciliation to explain the difference. The most common example of the balance difference between accounts and bank statement is, that the cheques are recorded in the books but weren’t lodged/cashed yet in the bank. Account reconciliation in accounting means that you review all accounts balances/figures, mainly at the year end. Reconciliation/review is important because it helps you to identify errors, irregularities and needed adjustments. Mostly there is no need for reconciliations for small businesses which has less than 50 transactions per year. The more transactions/volume of records, the more need to review accounts for possible errors.
You can choose document format as follows:
MS Excel 2007 Onward – size: 15 KB;
MS Excel 1997-2003 – size: 29 KB;
OpenOffice – size: 16 KB;
PDF – size: 29 KB.