Bank Reconciliation Worksheet Template

Form Completion Instructions- Use the spreadsheet tab for the ending date of the statement.

Reconciliation Instructions

- The reconciliation should be completed by someone who is not a signatory on the Hanscom Credit Union account.

- When finished, print, sign, and send completed form (with copy of statement attached) to BVARI by the 2nd Wednesday of the month.

Step 1: Start with the bank statement's ending balance and check it against the balance in your check book. If they differ, you'll need to account for, or reconcile, the difference. Make sure your check book arithmetic is correct before proceeding.

Step 2: Verify that you have added bank interest and bank credits and subtracted bank charges and bank debits in your check book balance. If you see debits you don't understand, call the bank and ask for an explanation and, if necessary, a justification for the charge.

Step 3: Tick off all checks that appear on the bank statement and be sure all check numbers and amounts agree with your check book record. List any checks you have written which do not appear on the bank statement and subtract them from the bank statement balance. These are called "outstanding checks."

Step 4: Add any deposits to the bank statement balance which you have included in your check book balance after the statement's closing date and do not appear on the bank statement. These are called "deposits in transit." Follow up on the next month's bank statement when you receive it to verify they have been credited to your account.

Step 5: Compare the adjusted bank statement balance to your check book balance. They should now agree. If they don't, and this is the first time you are doing a reconciliation, look for debits, credits and checks from prior months you may have missed in your check book. If you still can't get the two balances to agree, you may need to go to the bank and ask for assistance in doing a line by line comparison over several months until you can resolve the difference.

Personal Bank Reconciliation

BOSTON VA RESEARCH INSTITUTE, INC.BANK RECONCILIATION FORM

Hanscom Account Number: PI Name:

Account Name:

Balance Per Bank Statement $ - Date of Statement

Note: Attach a copy of the bank statement to this form when submitting to BVARI

Add: Deposits in Transit Date Amount Date Amount $ - $ - $ - $ - $ - $ - $ -

Less: Checks Outstanding# $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ - # $ -

Total Outstanding Checks $ -

Add: Cash on Hand $ -

Adjusted Bank Balance $ - Reconciliation Date

Check Book Reconciliation

Balance Per Check Book $ - Reconciliation Date

Add: Deposits Shown on Statement but not Check Book $ -

Less: Debits Shown on Statement but not Books $ -

Adj. Balance Per Check Book $ -

Discrepancy (should be zero) $ -


Reconciler (not acct. signatory) Date PI Signature Date




Account Name:














Bank Reconciliation Worksheet Template

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