Question 1

Why don't my bank and book balances match?

Accepted Answer

Timing and omissions: cheques you issued that haven't cleared, deposits the bank hasn't credited yet, bank charges and interest you haven't recorded. Each is a reconciling item.

Question 2

How often should I reconcile?

Accepted Answer

Monthly at minimum, when the bank statement arrives. Busy businesses reconcile weekly — the sooner you catch an error or a missing entry, the easier it is to fix.

Question 3

What if a difference remains after adjusting?

Accepted Answer

Check for transposed digits (a difference divisible by 9 is a classic sign), duplicated entries, or a transaction recorded on the wrong side. The tool shows the residual difference live as you add items.

Bank Reconciliation

Balances

Add reconciling item

Reconciliation

Terms explained