How to Reconcile Your Bank Accounts Without Stress

Bank reconciliation may sound intimidating, but it’s one of the most important bookkeeping tasks you can do. Here’s how to make it simple:

Step 1: Gather Your Records
Have your bank statement and bookkeeping software (like QuickBooks Online) ready.

Step 2: Compare Transactions
Match deposits, withdrawals, and payments from your statement with what’s in your books.

Step 3: Identify Differences
Common causes of discrepancies include outstanding checks, duplicate transactions, or missed entries.

Step 4: Make Adjustments
Correct mistakes and ensure your ending balance matches the bank’s.

Why it matters:

• Prevents fraud and errors.

• Helps you understand your cash flow.

• Keeps you prepared for taxes and audits.

Pro tip: Don’t wait until year-end—reconcile monthly to stay ahead.

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