Learn how to prepare a bank reconciliation statement to compare the company's cash balance with the bank 's records and detect errors. See real-world examples, tips, and terminology for bank reconciliation . A bank reconciliation statement is a document used to reconcile the balances of two accounts. Learn more about its importance & format in this article. A bank reconciliation statement is a summary of banking activity, supplied so that accountholders can check for errors or omissions in their internal records. Learn what a bank reconciliation statement is and how to prepare one. Find out the reasons for the difference between bank statement and company's accounting record and the steps to reconcile them.
