Reconciliation

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Discovery

What do you think the term ‘reconciliation’ means?

What are some circumstances in which this term could be used?

Copyright © Texas Education Agency, 2012. All rights reserved.

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Need to Know Terms• Bank Reconciliation

• Bank Reconciliation Form

• Ending Balance

• Deposits in Transit

• Posted

• Outstanding Check

• Computed Book Balance

• Balance Per Your Books

• Overdraft

• Overdraft Protection

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Introduction-Purpose of Assignment

SWBAT (Student Will Be

Able To)

Successfully reconcile a bank statement using a

template and provided worksheet

data. 5

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Guided PracticeWhat you will need:

•Bank Reconciliation Template (Excel document)•Bank Reconciliation Worksheet Data (Word document)

We will work together through the first sheet tab of information, going through how to properly transfer the information from the worksheet data document to the template.

Let’s see if we can balance our books! 6Copyright © Texas Education Agency, 2012. All rights reserved.

Independent PracticeWhat you will need:

•Bank Reconciliation Template (Excel document)•Bank Reconciliation Worksheet Data (Word document)

You will now work on your own and complete Sheet Tabs 2 and 3 (February and March data).

Let’s see if you can balance your books!

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Summary• What does it mean to reconcile? (in banking

terms)

• Why is reconciling important?

• What should you do if your books don’t balance?

• Is it good to pay an overdraft fee?

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