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Table of Contents

  1. Statement Template Bundle
  2. 21+ Reconciliation Statement Templates in PDF
  3. 1. Reconciliation Statement Template
  4. 2. Bank Reconciliation Statement
  5. 3. Statement of Intent Reconciliation Template
  6. 4. Client Account Reconciliation Statement
  7. 5. Bank Statement Cash Reconciliation Template
  8. 6. Reconciliation Statement Example
  9. 7. Monthly Reconciliation Statement Template
  10. 8. Sample Reconciliation Statement
  11. 9. Bank Reconciliation Statement Template
  12. 10. Reconciliation Statement in PDF
  13. 11. Basic Bank Reconciliation Statement Template
  14. 12. Checkbook Reconciliation Statement Template
  15. 13. Fiscal Court Bank Reconciliation Statement
  16. 14. Travel Reconciliation Statement
  17. 15. Example of Bank Reconciliation Statement
  18. 16. Foundation Reconciliation Statement
  19. 17. Account Reconciliation Statement
  20. 18. Truth and Reconciliation Statement
  21. 19. Assurances Reconciliation Statement
  22. 20. Sample Bank Reconciliation Statement
  23. 21. Bank Reconciliation Statement Format
  24. 22. Bank Reconciliation Statement True or False
  25. What Is a Reconciliation Statement?
  26. How to Create a Reconciliation Statement
  27. FAQs
  28. What are the kinds of reconciliation statements?
  29. What are the purposes of a reconciliation statement?
  30. Do you need to pay to get a reconciliation statement?

21+ Reconciliation Statement Templates in PDF

A report from PaymentsJournal says that each individual in the United States has an average of 5.3 bank accounts. And they’re not just from one bank; they’re from multiple banking insitutions. Because that’s the case, mismatches between a person’s bank account records and book balance could be imminent. They happen because keeping tabs of several bank accounts isn’t easy. Of course, fixing those mismatches is necessary to avoid further financial discrepancies and disputes. How to fix them, you ask? You can fix them through a reconciliation statement. So, here, we’ll introduce you to 22 reconciliation statement templates and samples that you can use. And, we’ll discuss the nature of a reconciliation statement.

Statement Template Bundle

statement template bundle
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21+ Reconciliation Statement Templates in PDF

1. Reconciliation Statement Template

reconciliation statement templateorg.in
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Size: 32 KB

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2. Bank Reconciliation Statement

bank reconciliation statementbooksshop.co.uk
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Size: 759 KB

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3. Statement of Intent Reconciliation Template

statement of intent reconciliationbrisbanenorthphn.org.au
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Size: 112 KB

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4. Client Account Reconciliation Statement

client account reconciliation statementiccrc-crcic.ca
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Size: 134 KB

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5. Bank Statement Cash Reconciliation Template

bank statement cash reconciliationoracle.com
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Size: 8 KB

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6. Reconciliation Statement Example

reconciliation statement examplebestundertaking.com
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Size: 455 KB

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7. Monthly Reconciliation Statement Template

monthly reconciliation statement templateunlimitedmls.com
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Size: 578 KB

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8. Sample Reconciliation Statement

sample reconciliation statementigcseaccounts.com
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Size: 786 KB

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9. Bank Reconciliation Statement Template

bank reconciliation statement templateelcita.in
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Size: 41 KB

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10. Reconciliation Statement in PDF

reconciliation statement in pdfune.edu.au
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  • PDF

Size: 51 KB

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11. Basic Bank Reconciliation Statement Template

basic bank reconciliation statement templatevertafore.com
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  • PDF

Size: 417 KB

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12. Checkbook Reconciliation Statement Template

checkbook reconciliation statement templatethetaxbook.com
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Size: 22 KB

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13. Fiscal Court Bank Reconciliation Statement

fiscal court bank reconciliation statementfiscalsoft.com
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Size: 5 KB

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14. Travel Reconciliation Statement

travel reconciliation statementmhc.wa.gov.au
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  • PDF

Size: 118 KB

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15. Example of Bank Reconciliation Statement

example of bank reconciliation statementimages.iskysoft.com
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  • PDF

Size: 34 KB

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16. Foundation Reconciliation Statement

foundation reconciliation statementcameron.edu
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  • PDF

Size: 8 KB

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17. Account Reconciliation Statement

account reconciliation statementcilex.org.uk
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  • PDF

Size: 254 KB

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18. Truth and Reconciliation Statement

truth and reconciliation statementfrpbc.ca
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  • PDF

Size: 569 KB

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19. Assurances Reconciliation Statement

assurances reconciliation statementsteel.gov.in
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  • PDF

Size: 17 KB

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20. Sample Bank Reconciliation Statement

sample bank reconciliation statementdineshbakshi.com
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Size: 107 KB

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21. Bank Reconciliation Statement Format

bank reconciliation statement formatdineshbakshi.com
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Size: 23 KB

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22. Bank Reconciliation Statement True or False

bank reconciliation statement true or falsedineshbakshi.com
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Size: 85 KB

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What Is a Reconciliation Statement?

A reconciliation statement is a document that helps in determining the mismatches between the records of a book balance and bank account. It showcases a detailed analysis of which transactions caused discrepancies. These transactions could be payment situations, money withdrawals, money transfers, and many more. Another culprit behind discrepancies is an improper cash handling procedure. It’s called a reconciliation statement because it reconciles the differences between bank and book records. In other words, it harmonizes them. Bank and book records need to match to avoid fraud and to fix accounting errors promptly.

How to Create a Reconciliation Statement

The person responsible for preparing reconciliation statements is usually accountants. So, if you’re an accountant, you already how this reconciliation works and how to do it. After all, reconciliation is also an accounting process. But, if you’re not an accountant, you should at least familiarize yourself with it. We never know. You might face financial disputes concerning your bank accounts and book balance. It’s important to be aware of your finances and be involved in fixing them when needed.

Regardless if you’re an accountant or not, here are four basic steps in formulating a reconciliation statement.

Step 1: Gather All Documents

First of all, you must collect all the financial documents. That includes receipts, invoices, previous balance sheet docs, ledger sheets, and cheques. Without them, it’ll be impossible to trace the root cause of the errors. Those documents are proof that a certain transaction took place. Simply put, you can’t start reconciling the financial records if they’re not present for reference.

Reconciling records without referring to relevant financial documents is a fraudulent act. If you’re an accountant, for sure, you’re aware of that. Your accounting license is at stake if you do it. With those in mind, keeping past financial documents and records is an important practice.

Step 2: Check the Debit and Credit Sides

The overlooked transaction between a debtor and creditor are the primary culprits most likely. That said, you must check both the debit and credit sides of the records. Compare the two of them to see if they connect accurately. If not, then there’s a problem. In that case, you have to backtrack and refer to the gathered documents.

If you didn’t detect any anomalies at first glance, that’s good. But for assurance, make sure to doublecheck.

Step 3: Correct Every Error

Once you’ve found the cause of the mismatches, make the necessary correction directly. In this step, you can use a separate worksheet for a better view of the process. The separate worksheet can function as your draft. When don, you can integrate it into the reconciliation statement doc itself later on. And yes, you must also do a doublecheck as much as the previous step.

Step 4: Identify Whether the Total Balance Is a Match

After you’ve made corrections, that’s the time to calculate the total balance of the bank account and the book. If they match, that means everything is fine. But in reconciliation, you can never be too sure. So, again, you need to doublecheck. On the contrary, if the total balance of the two didn’t match, you missed something. So you have to review the whole process again. When everything is final and polished, present the reconciliation statement to both parties.

There’s no standard or exact format to follow in creating a reconciliation statement. As long as it clearly outlines a solution to the discrepancy, it’s acceptable.

FAQs

What are the kinds of reconciliation statements?

The following are the specific types of reconciliation statements:

  • Personal bank reconciliation
  • Payment reconciliation
  • Petty cash reconciliation
  • Credit card reconciliation
  • Checkbook reconciliation
  • Vendor reconciliation
  • Customer or client reconciliation

What are the purposes of a reconciliation statement?

These are the most common reasons why accountants prepare reconciliation statements:

  • Cash flow verification
  • Mitigate and eradicate account records
  • Prevent financial loss
  • Catch fraudulent activities

Do you need to pay to get a reconciliation statement?

If it’s the bank requesting a reconciliation statement, they don’t need to pay for it. They have their own accountants. But, if it’s the bank account holder who’ll be requesting, he or she might have to pay for an accountant.

Reconciliation statements are vital in the financial world. They’re the best solution to clear up questionable records. You need to acquaint yourself with them to keep your accounts clean and precise. So if you haven’t yet, don’t forget to check out the templates and samples we displayed here.

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