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Bank Reconciliation (Topic Outline)

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Topic Outline

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Read our Explanation (3 Parts) Free

Our Explanation of Bank Reconciliation will show you the needed adjustments to the balance on the bank statement and also the adjustments needed to the balance in the related general ledger account. A comprehensive example is given to illustrate how to determine the correct cash balance to be reported on a company's balance sheet.

Part 1Introduction to Bank Reconciliation, Accounting for Cash at the Company, Accounting at the Bank, Comparing Accounting: Bank vs. Company
Part 2Checking Account Terminology, Helpful Tip for Bank Reconciliation Adjustments
Part 3Company's Process for Preparing its Bank Reconciliation, Sample of a Company's Bank Reconciliation with Amounts
Take our Practice Quiz Free

This 20-question quiz is a fast way to assess your understanding of the Bank Reconciliation Explanation. It's also a great warmup for our Quick Tests.

Review our Visual Tutorial

Our visual tutorial for the topic Bank Reconciliation provides you with the reasons why the bank reconciliation is important and also an easy-to-follow format. We then prepare a sample bank rec to tie everything together including any required journal entries.

Review our Q&A Free

We've answered 43 popular questions related to the topic Bank Reconciliation. Review them all or use the search box found at the top of each page of our website for your specific questions.

Review our Flashcards

Our flashcards for the topic Bank Reconciliation will help you master key terms and definitions. You can view them on any device or print them out.

Solve our Word Scramble Free

If you find Bank Reconciliation terminology difficult, this Word Scramble will provide clues (scrambled answers) to assist you.

Solve our Crossword Puzzle #1 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Bank Reconciliation in a more fun format.

Solve our Crossword Puzzle #2 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Bank Reconciliation in a more fun format.

Solve our Crossword Puzzle #3 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Bank Reconciliation in a more fun format.

Review our Sample Business Forms

Our two bank reconciliation forms will help you to identify which adjustments are to be made to the general ledger accounts and which pertain to the bank balance. All of our business forms contain an Excel template, a blank PDF form, and a filled-in PDF form.

Review our Cheat Sheet

Our Bank Reconciliation Cheat Sheet discusses the typical adjustments needed for a company's bank statement and for the company's general ledger accounts.

Take our Quick Test #1

This graded 20-question test measures your understanding of the topic Bank Reconciliation. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #2

This graded 25-question test measures your understanding of the topic Bank Reconciliation. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #3 with Coaching

This graded 15-question test provides coaching to guide you to the correct answers. Use our coaching to learn the WHY behind each answer and deepen your understanding of the topic Bank Reconciliation.

Earn our Bank Reconciliation Certificate of Achievement

By studying for this certificate exam, you will be improving your proficiency in preparing a company’s bank reconciliation. You will also understand why a bank’s debit to a company’s checking account means the company will need to credit its general ledger Cash account. Finally, you will appreciate the need for preparing the “bank rec” often and on a timely basis.

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Certificate - Debits and Credits
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Certificate - Balance Sheet
Certificate - Income Statement
Certificate - Cash Flow Statement
Certificate - Working Capital
Certificate - Financial Ratios
Certificate - Bank Reconciliation
Certificate - Payroll Accounting

About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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Certificates of Achievement

We now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping:

  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Working Capital and Liquidity
  • Financial Ratios
  • Bank Reconciliation
  • Payroll Accounting
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