Free contract management spreadsheet template lovely 50 beautiful throughout contract management tracking spreadsheet template sample, 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. This statement will detail every deposit made and all transactions, including ATM withdrawals and 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. A bank reconciliation template will make it easier to compare the two sets.
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A template form is a great way to reconcile your accounts on a monthly basis. It will help you spot any accounting errors, both yours as well as the banks, much sooner. This could save you overdraft fees or the embarrassment that comes with having your check bounce or debit card declined. This allows you to list each transaction that you have logged in your checkbook and those that the banks have. Once you have matched all transactions, reconciliation occurs. Only those transactions that you do not show the bank will be left. By subtracting these from the balance you show, it should match what the bank shows.
If you are looking for a bank reconciliation template to make this task a lot easier every month you will find that there are several sites online that provide templates for you to download. You should ensure that the template chosen is simple and does not make it more complicated. To avoid problems from escalating, make sure that your account is reconciled every month.