Checking Account Report

Most integrated accounting software programs already have the ability to assist you with your checking account reconciliations. If you don't like the way your accounting software allows you to perform your reconciliation, you can use ours. There are several examples of this report type and you can get to them from the Checking Account Reconciliation Type page.

Here is one of the sample reports for the Bank-Checking account.

Major Report Elements

• The top of the report shows the account number, the account name and the date of the reconciliation.
• The Bank Balance was entered when preparing the reconciliation.
• The various reconciling items on a Checking Account Reconciliation type are separated into five categories:
  • Outstanding Checks
  • Deposits in Transit
  • Bank Fees
  • NSF Checks
  • Other Items - these are similar to the Reconciling Items in all other reconciliations. NOTE: There are no Other Items in this reconciliation, so the section does not appear.
• The General Ledger Balance was entered when preparing the reconciliation, and the Unidentified Difference is calculated by RecWizard. If all reconciling items had not been included, the Unidentified Difference would show the amount not yet identified and reconciled.
• The persons preparing, approving and reviewing the reconciliation, and the dates of their actions, are shown next.
• The Comment area would show any additional information that the person reconciling the account thought was important to clarify this account balance. The Comment will only appear for the month the Comment was written. It will not repeat in any other month.
• As a reminder of what should be done, the Account Description and Company Policy and/or Procedure is shown every month.

While you may want to live in a totally "electronic environment", it is normally a good practice to print your reconciliation report and keep it in a file with any appropriate copies of supporting documentation.

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