Bank Reconciliation

Business, Legal & Accounting Glossary

Definition: Bank Reconciliation

Bank Reconciliation

Quick Summary of Bank Reconciliation

This refers to comparing the business’ bank balance with a bank statement to spot differences.

What is the dictionary definition of Bank Reconciliation?

Dictionary Definition

A bank reconciliation is the process of matching the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate.

Examples of Bank Reconciliation in a sentence

She was responsible for cash, and bank reconciliation.

Preparing bank reconciliation reports and cash reports.

Their role was to prepare bank reconciliation statements for approval by the Financial Directors.

The employee responsible for the bank reconciliation has identified a number of questionable items.

To perform daily work effectively, such as payment, report, bank reconciliation, etc.

Please provide true certified copies of the required documents, alongside a statement of bank reconciliation.

The software also includes a bank reconciliation feature that can reconcile up to six different bank accounts.

Synonyms For Bank Reconciliation

bank reconciliations, reconciliations

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Bank Reconciliation. Payroll & Accounting Heaven Ltd.
January 18, 2022
Chicago Manual of Style (CMS):
Bank Reconciliation. Payroll & Accounting Heaven Ltd. (accessed: January 18, 2022).
American Psychological Association (APA):
Bank Reconciliation. Retrieved January 18, 2022
, from website:

Definition Sources

Definitions for Bank Reconciliation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 8th January, 2020 | 6 Views.