Welcome to Bank Reconciliation Calculator

We are excited to provide you with this website which focuses on bank reconciliation. Our goal is to help you improve your understanding of this topic, have fun recalling definitions and terms, and become more financially literate.

Bank Reconciliation

A company's general ledger account Cash contains a record of the transactions (checks written, receipts from customers, etc.) that involve its checking account. The bank also creates a record of the company's checking account when it processes the company's checks, deposits, service charges, and other items. Soon after each month ends the bank usually mails a bank statement to the company. The bank statement lists the activity in the bank account during the recent month as well as the balance in the bank account.