Free gantt chart templates for multiple projects smartsheet multiple project tracking excel template excel, At the end of every month your bank will either mail you a copy of your statement or make a copy of it available online. The statement will include all deposits made, as well as any ATM withdrawals or debit card purchases. Once you have this you will need to take the time to reconcile your checkbook and the bank statement to make sure that both figures match. You can use a bank reconciliation template to help you compare the figures.
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The other benefit of using a template for reconciling your account on a monthly schedule is that it allows you to identify any accounting error at an earlier stage. This could result in you saving overdraft fees, embarrassment and having your debit card declined or a check bounce. You can list all transactions that you have made in your bank account, as well as those that the bank has. After you have verified all transactions, reconciliation takes place. You are only left with the ones that you don’t match. It should match the bank’s information by subtracting these transactions from the balance.
You can find many sites that offer bank reconciliation templates online. This will make it much easier to complete each month. It is quite simple so make sure you don’t overcomplicate it. It is important that you reconcile every month your bank account so you can catch any issues before they escalate into costly problems.