Bank reconciliation discrepancies

What to exercise if your statement terminate remainder and reconciled balance don't match.

Every bit you bank check off of each transaction the difference between your argument end balance and the reconciled residual reduces. Once you've matched all of your transactions, the deviation should exist naught.

This explains what you tin check when the difference is not zero.

How to apply this commodity

Go through the detailed steps in society, from Step ane. For each stride, choose More details so follow the steps.

To return to this page at any point, choose Restart.

Step 1 Ensure the banking concern account is right for the argument y'all're reconciling. More details…
Step two Check the statement date matches your banking concern statement. More details…
Step three Check the argument finish residuum matches your depository financial institution statement. More than details…
Step 4 Check you lot've matched the correct transactions for the correct values. More details…
Pace 5 Ensure yous've entered any bank interest or charges and they're correct. More than details…
Step half dozen Check for missing transactions that appear on your bank statement but not in the Reconcile option. More details…
Step 7 If y'all've previously started a reconciliation and saved it for after, check the original details yous entered are still correct. More details…