What is Bank Reconciliation

A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate. The information on the bank statement is the bank's record of all transactions impacting the entity's bank account during the past month.

1.Exit or Cancel the current process.

2.Start a Bank Reconciliation Process.

3.Bank Reconciliation Details.

1.Bank Account to Reconcile.

2.Last Reconciled Date.

3.Bank Statement Date.

4.Ending Balance.

5.New Statement Balance.

6.Calculated Statement Balance.

7.Out of Balance.

4.