How to reconcile your account

Read about the basics of how to reconcile, or “balance” a bank account. Then, print out the detailed instructions
and practice.

The first step is to carefully compare your monthly bank statement with your check register. On your register, check off each transaction listed on the statement. Update your register with any transactions you forgot to enter or entered incorrectly and then recalculate the final balance.
Remember: Your statement may not include all of your transactions during the month. Some transactions may have been processed, or cleared, by the bank after the statement period closed. Missing transactions should appear on your next statement.

If you use online banking, your account activity is usually updated daily, or even immediately, so you can quickly find out whether a check or deposit has cleared your bank.
Click the Next button to continue.
On the back of your statement you’ll find a worksheet similar to the sample shown here.

First, you enter the balance that’s shown on your statement for the last day of the statement period.

Second, you list all of the deposits that are in your check register but that do not appear on the bank statement.

Third, you list all of the withdrawals – checks, ATM, debit card, and other withdrawals – that do not appear on the bank statement.

After you’ve followed the instructions on the worksheet for adding and subtracting, the final amount on the worksheet should be the same as the current balance shown in your check register.

If your check register and worksheet don’t balance, or if you have other questions about your statement, most banks have a toll-free telephone number for customer service to help you.

Using your bank accounts Using your bank accounts Keeping track of your transactions How to use your transaction register Avoid overdrafts! How to read your statement How to reconcile your account