Account reconciliation is an accounting process to maintain the consistency and accuracy in financial accounting. It verifies that both the sides of a statement are balanced. This page shows the bank reconciliation formula to calculate the account reconciliation for a statement based on the balance from check register, ending balance shown on your statement, total deposits and the total withdrawals. Use this account reconciliation formula to solve your accounting problems.
Money management is an art, so managing it requires some procedures. Make use of the bank reconciliation formula to manage and balance the money in your account's checkbook statement on your own.