What Is the Purpose of a Bank Reconciliation Statement?

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Bank account reconciliations are both practical and critical cash control procedures. Completing one for each of your checking and saving accounts is one way to find errors or discrepancies and verify how much you have to spend or how much you’ve saved. Reconciliation statements are tools to achieve these goals.

A Practical Perspective

Internal Cash Control

References

About the Author

Based in Green Bay, Wisc., Jackie Lohrey has been writing professionally since 2009. In addition to writing web content and training manuals for small business clients and nonprofit organizations, including ERA Realtors and the Bay Area Humane Society, Lohrey also works as a finance data analyst for a global business outsourcing company.

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