Recon Balance Sheet Templates

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Our free, customizable bank reconciliation Excel template helps you match financial data on your bank statement and cash book and identify mismatches and erroneous entries.
An example of reconciliation in accounting would be the process of a companys bank statement and its own records of transactions being reconciled monthly to ensure that all transactions have been accounted for properly. There are many different types of reconciliations that can be performed in accounting.
A reconciliation account ledger format in excel is used to compare and match financial data from two or more ledger accounts. It usually has columns for account names, balances at the start, transactions, adjustments, and balances at the end, and an area for analysing differences.
A bank reconciliation can be thought of as a formula. The formula is (Cash account balance per your records) plus or minus (reconciling items) = (Bank statement balance). When you have this formula in balance, your bank reconciliation is complete.
During balance sheet reconciliation there are several steps that we need to ensure from your end in order to successfully reconcile your entries: Identify the accounts that need to be reconciled: Gather Supporting Documentation: Compare Balances: Categorize Variances: Resolve Issues: Document Findings:
Step-by-step guide to reconciling your bank statement Compare balances. Gather your accounting records for the time period covered by the bank statement. Identify differences. Resolve any issues. Adjust balances. Compare balances. Book adjusting journal entries.
How to Prepare a Bank Reconciliation Match the Deposits. Once a bank statement is received, the first thing to do is compare deposits. Make the Bank Statement Adjustments. The accounting records in-office should be used to adjust the bank statement. Make the Cash Account Adjustments. Compare the Balances.
Balance sheet accounts reconciliation steps are: Compare the trial balance with the general ledger account. Correct any differences between the trial balance and general ledger. Compare the general ledger account with the detailed subsidiary ledger. Investigate discrepancies to determine the source.