Reconciling Bank Accounts
Normally, you reconcile your bank accounts at the end of each fiscal period, when you receive the statements for the accounts.
Ask your bank to use your fiscal period end as the cut-off date for your bank statements, if possible.
Even if your bank does not send statements at the fiscal period end, perform the reconciliation as of the period end. You can reconcile accounts within a fiscal period as often as necessary (for example, if your bank sends you statements twice a month).
You can reconcile bank accounts manually, or you can use the Reconcile OFX Statements form to reconcile bank or credit card statements automatically.
Note: You must first download the statement from the financial institution's Web site.
For an overview on reconciling deposits, see Reconciling Deposits.
For an overview on reconciling withdrawals, see Reconciling Withdrawals.
Click the following links for step-by-step instructions on reconciliation tasks: