Bank Reconciliation

Bank reconciliation is a process that generates a report that compares the existing bank balance adjusted by outstanding items (uncashed checks, missing withdrawals, missing deposits) to the cash ledger in the books of record for a business. The cash ledger is adjusted by unrecorded items including bank activity that has yet to be posted to the books (deposits, withdrawals and loan payments).

Bookkeeping – Schedules (Lesson 23)


In accounting there are books (journals) and ledgers for source entry of information. A trial balance is used to monitor the types of accounts. With the use of parent-child accounts and control accounts bookkeepers can generate a wide array of reports. Unfortunately this still lacks the breath of supporting information needed. The profession uses schedules to augment the reports.

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