Compare Bank Statement to General Ledger Compare the adjusted bank statement balance per your reconciliation to the adjusted cash balance per the general ledger. Discrepancies should not exist.

Performing a monthly bank reconciliation is critical to managing personal finances. When your records and the bank's don't match, you'll need to investigate.

A bank reconciliation statement can help you prepare financial statements, spot fraud and ensure you make business decisions rooted in accurate data. Learn more.

Learn why it's important to reconcile your bank statements. Discover how to protect your business and personal accounts from errors and fraud.

If companies fail to reconcile their bank statements every month, these errors may go undetected and they could be costly.

In an ideal world, your general ledger is streamlined, automated and does error-free financial reconciliations. Yet, in reality, when it comes to reconciling, most accountants still find themselves ...