Preparing A Bank Reconciliation. Match the deposits in the business records with those in the bank statement. Process of preparing bank reconciliation.

Tips for preparing the bank. Bank reconciliation step by step. The company prepares a bank reconciliation to determine its actual cash balance and prepare any entries to correct the cash balance in the ledger.

Reasons For Preparing A Bank Reconciliation Statement. Recording of bank reconciliation after changing. As you are going to compare your bank book’s transactions with the bank’s financial transactions, you will be able to spot transactions that are recorded by the.

To detect items not entered and errors in the cash book; Usually the heading is given as follows: Explain two reasons for preparing a bank reconciliation statement.