Bank Accounting: Bank Statements and Reconciliation

Keep this: job aid

Daily bank reconciliation checklist

• Every house bank account has today's statement; opening balance = previous closing balance.
• No duplicate statements imported.
• Every bank transaction code maps to a designed posting rule.
• Reprocess all unmatched items the same day; record decisions.
• Unidentified receipts to the owned suspense account, never to revenue.
• Bank G/L balance per house bank account = statement closing balance.
• Clearing account open items are recent and explainable.
• Review top unmatched patterns weekly; automate predictable ones with tested rules.