Bank Reconciliation Steps
1 - Tick the items that match.
Correct any errors in the cash receipts and cash payments journals.
Bank statement errors added to bank reconciliation statement.
2 - Identify unticked items on bank statement.
Examine cash journals for unticked items (outstanding deposits, unpresented checks).
Carry unticked items from opening reconciliation to current bank reconciliation.
3 - Total cash journals and post to Cash at Bank ledger account.
4 - Complete bank reconciliation statement (Outstanding deposits increase bank account, unpresented cheques decrease bank account.)