{"id":477,"date":"2020-07-30T14:00:00","date_gmt":"2020-07-30T14:00:00","guid":{"rendered":"https:\/\/pretty-books.com\/blog\/?p=477"},"modified":"2020-09-16T23:13:34","modified_gmt":"2020-09-16T23:13:34","slug":"bank-statement-reconciliation","status":"publish","type":"post","link":"https:\/\/prettybooks.com\/magazine\/2020\/07\/30\/bank-statement-reconciliation\/","title":{"rendered":"Bank Statement Reconciliation"},"content":{"rendered":"

Bank Statement Reconciliation<\/h1>\n

noun [bangk\u2022steyt<\/span>-muh<\/span>\u2009nt\u2022rek-uh<\/span>\u2009n-sil-ee-ey<\/span>-shuh<\/span>\u2009n]<\/em><\/h5>\n
    \n
  1. Accrued Dictionary definition:<\/strong> A weigh station for bank statement semis. When a truck crosses into a new month, an accountant checks its weight to make sure it matches the original report. If it matches, the truck is free to continue its journey. If something tips the scales, accountants investigate for lost cargo or smuggled goods.<\/li>\n<\/ol>\n

    \u00a0 \u00a0\/\/ <\/strong>“It’s month’s end close. Time to start the bank statement reconciliation.”<\/em><\/p>\n

    2. <\/em>Textbook definition:<\/strong> The process of truing up an entity’s bank account with its financial records by outlining the deposits, withdrawals and other activities affecting a bank account for a specific period.<\/p>\n

    \u00a0 \u00a0\/\/ <\/b>“Completing a bank statement reconciliation helps identify double accounting in the general ledger.”<\/em><\/p>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    So your accountant is talking about “bank statement reconciliation.” He tells you that it means something along the lines of “reconciling bank accounts with financial reports,” “deposits and withdrawals,” and “truing up your transactions,” but all you hear is static. Here’s what he really means when he talks about, “bank statement reconciliation.”<\/p>\n","protected":false},"author":7,"featured_media":651,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":[],"categories":[28],"tags":[40,44,35,46,45,4],"yoast_head":"\nBank Statement Reconciliation - Pretty Books Magazine<\/title>\n<meta name=\"description\" content=\"So your accountant is talking about "bank statement reconciliation." He tells you it means "the process of reconciling an entity's bank account with its financial records by outlining the deposits, withdrawals and other activities affecting a bank account for a specific period." Here's what he really means when he says, "bank statement reconciliation."\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prettybooks.com\/magazine\/2020\/07\/30\/bank-statement-reconciliation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Statement Reconciliation - Pretty Books Magazine\" \/>\n<meta property=\"og:description\" content=\"So your accountant is talking about "bank statement reconciliation." He tells you it means "the process of reconciling an entity's bank account with its financial records by outlining the deposits, withdrawals and other activities affecting a bank account for a specific period." Here's what he really means when he says, "bank statement reconciliation."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prettybooks.com\/magazine\/2020\/07\/30\/bank-statement-reconciliation\/\" \/>\n<meta property=\"og:site_name\" content=\"Pretty Books Magazine\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-30T14:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-16T23:13:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2020\/07\/pb_dictionary-bank-rec-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@yak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mackenzie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/#organization\",\"name\":\"PrettyBooks\",\"url\":\"https:\/\/prettybooks.com\/magazine\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2022\/05\/pblogo.png\",\"contentUrl\":\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2022\/05\/pblogo.png\",\"width\":226,\"height\":52,\"caption\":\"PrettyBooks\"},\"image\":{\"@id\":\"https:\/\/prettybooks.com\/magazine\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/#website\",\"url\":\"https:\/\/prettybooks.com\/magazine\/\",\"name\":\"Pretty Books Magazine\",\"description\":\"A collection of knowledge, stories, and insights into today\u2019s accounting world.\",\"publisher\":{\"@id\":\"https:\/\/prettybooks.com\/magazine\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prettybooks.com\/magazine\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/2020\/07\/30\/bank-statement-reconciliation\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2020\/07\/pb_dictionary-bank-rec-1.png\",\"contentUrl\":\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2020\/07\/pb_dictionary-bank-rec-1.png\",\"width\":1000,\"height\":600,\"caption\":\"Illustration by Dean Krueger\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/2020\/07\/30\/bank-statement-reconciliation\/#webpage\",\"url\":\"https:\/\/prettybooks.com\/magazine\/2020\/07\/30\/bank-statement-reconciliation\/\",\"name\":\"Bank Statement Reconciliation - 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