Finance Account Reconciliation Report
This report presents the reconciliation of the main operating account for [Your Company Name] as of [MM-DD-YYYY]. The purpose is to ensure that the bookkeeping balance matches the bank statement balance after making necessary adjustments for any discrepancies such as outstanding checks or deposits in transit.
Reconciliation Details:
Account Name: [Account Name]
Account Number: [Account Number]
Statement Ending Date: [MM-DD-YYYY]
Account Balances:
Description | Amount |
|---|
Beginning balance as per books | $[Amount] |
Ending balance as per books | $[Amount] |
Beginning balance as per bank | $[Amount] |
Ending balance as per bank | $[Amount] |
Adjustments:
Description | Amount | Explanation |
|---|
Outstanding Checks | $[Amount] | Checks issued but not yet cleared by the bank. |
Deposits in Transit | $[Amount] | Deposits made but not yet reflected in the bank statement. |
| $[Amount] | No discrepancies were found in the bank statement. |
| $[Amount] | No discrepancies were found in the books. |
Adjusted ending balance: $[Amount]
Calculation of Adjusted Ending Balance:
The adjusted ending balance is calculated by taking the ending balance as per books and reconciling it with the outstanding checks and deposits in transit to match the ending balance as per the bank after accounting for any errors.
Supporting Documentation:
Enclosed are bank statements, detailed ledgers for the accounting period, and notes on the reconciling items such as outstanding checks and deposits in transit. These documents provide the necessary evidence and detail to support the adjustments made during the reconciliation process.
Conclusion:
Upon completion of the reconciliation process for the period ending [MM-DD-YYYY], all balances have been verified and adjusted accordingly. The account has been thoroughly reviewed and is confirmed to be accurate.
Approval and Sign-off:
Prepared by:
Name: [Your Name]
Signature:
Date: [MM-DD-YYYY]
Reviewed by:
Name: [Secondary Party’s Name]
Title: [Secondary Party’s Title]
Signature:
Date: [MM-DD-YYYY]
