How to do Bank Reconciliation Template

This how to do bank reconciliation template has 2 pages and is a MS Word file type listed under our business plan kit documents.

Sample of our how to do bank reconciliation template:

Bank Reconciliation Standard Operating Procedure Department: Finance/Accounting Purpose: This procedure is in place to ensure that the actual money spent matches the money leaving in the banking account at the end of a fiscal period. Frequency: Monthly Procedure: Compare the company's bank statement and general ledger cash account. Check off all items that match. Once the comparison process is complete, note all items that remain on the company's general ledger. Add any deposits in transit to the ending balance. Deduct outstanding checks from the ending balance. Add or deduct any bank errors to the ending balance. Deduct bank service charges. Add interest earned if applicable. Add or deduct any check register errors. Prepare journal entries if needed. Compare the adjusted bank statement balance per your reconciliation to the adjusted cash balance per the general ledger