Account Reconciliation

• 1). Bring your checkbook register up to date. Make sure that you have entered any ATM withdrawals or deposits. If your banking institution charges a fee, deduct that fee from your account. After you have entered all of the activity in your checking account reconciliation statement, add in the deposits and deduct the checks to come up with an ending balance.
  
  
• 2). Compare the checking account statement with your check register and check off in your checkbook all of the checks that have cleared (complete transactions). If you find transactions that you missed writing in your checkbook, write them in at the end and deduct the amount from your ending account balance.
  
  List the checks that you show outstanding by check number and the amount on a piece of paper. Total these checking account deductions and write down the sum in your bank reconciliation statement.
  
  List any deposits that you show in your account that the bank statement doesn't reflect.
  
  
• 3). Write down the ending balance that the bank shows on your statement at the top of your bank reconciliation statement. If you show deposits in your account that are not on the bank statement, add them to the balance from the above sentence.
  
  Write down this amount.
  
  Deduct the amount listed in Step 2 (your checking account balance).
  
  This is the adjusted amount and the total in your checking account should match the amount on the bank statement.
  
  
• 4). Reconcile if the sums do not equal by rechecking addition and subtraction; check to make sure the balance was carried forward correctly from one page to another in your check register, verify the deposits and compare the check amounts from your checkbook register and the bank statement.