Reconciling Bank Accounts 

The Adulting Skill You Didn’t Know You Needed 

Let’s talk about the sexiest part of accounting: reconciliation. (Kidding. Unless your idea of fun is cross-referencing Excel with bank statements while sobbing into your spreadsheet.)

Bank reconciliation means matching your books with your bank statement to make sure everything lines up. It’s basically catching mistakes before they catch you.

Why it matters:

• Catches errors early (like that one vendor who “accidentally” double charged you)

• Prevents fraud (if someone’s siphoning funds, reconciliation will catch it)

• Ensures accurate reporting (you need good data to make good decisions)

How to do it:

1. Pull your bank statement for the month.

2. Match every transaction with your accounting records.

3. Investigate anything weird. Spoiler: there’s always something weird.

Best tools for this?

• QuickBooks or Xero auto-import your bank data, making reconciliation way easier

• Spreadsheets can work for smaller businesses, but be ready for eye strain

Do this monthly, not yearly. Yearly reconciliation is like trying to remember where you put your keys last summer. Good luck with that.

✅ Funny but helpful tip: Reconciling isn’t glamorous, but neither is overdrafting because of a spreadsheet typo.