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This reconciliation form will also let you track any outstanding checks and deposits so that you can figure them into the balance in your checkbook and not end up thinking you have more money than you really do. Tracking every transaction can help you keep a closer watch on your spending habits. It can also make it easier to establish and maintain a budget. People find that if they don’t take time to reconcile their bank account every month, they end up overdrafting their accounts. This can cost them a lot in overdraft fees as well as bad check charges.
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You can find many sites that offer bank reconciliation templates online. This will make it much easier to complete each month. You should ensure that the template chosen is simple and does not make it more complicated. Most importantly you need to make sure you reconcile your account every month so that you can spot any problems that occur in their tracks before they end up costing you a lot of money