Guide
Reconcile your accounts every month
Catch errors, missed charges, and fraud early by matching your books to your bank, monthly.
Pull your bank statement for the month
Download or view the full statement for the period you're reconciling, covering every account the business uses.
Match every transaction to a record
Go line by line and confirm each bank transaction appears in your bookkeeping. Most software can do this automatically, flag anything it can't match.
Investigate anything that doesn't match
A missing transaction, a duplicate, or an unfamiliar charge all need an answer before you move on. Don't just note it and forget it.
Confirm the closing balances agree
Your bookkeeping balance and your actual bank balance should match exactly at the end of the process. If they don't, the error is still hiding somewhere in the detail.
That’s the whole thing.
Keep going
What to read next
- 01
Bookkeeping Basics
Set up a simple bookkeeping system
Build a lightweight system for tracking money in and out before the paperwork piles up.
- 02
Bookkeeping Basics
Track expenses without losing receipts
Build a habit that captures every business expense the moment it happens, not weeks later.
- 03
Bookkeeping Basics
Choose bookkeeping software that fits your business
Pick a tool you'll actually keep using, not the one with the most features.