Bank Statement Reconciliation Definition

Bank statement reconciliation is the act of checking your account records against the bank’s record of financial transactions for a particular period.

Bank Statement Reconciliation Extended Definition
Bank statement reconciliation means comparing all the deposits, withdrawals, and other financial activity in your account against your bank statement.

Business owners should try to reconcile their bank statement each month to keep track of their business finances.

Last Updated By

Andrew Freiman | Feb 28, 2023

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