Value Proposition:
This template does not just perform a “matching,” but manages the entire reconciliation journey:
Before Reconciliation (importing bank statement + bank ledger) →
During Reconciliation (Matching + Outstanding Items + Bank Charges) →
After Reconciliation (Reconciled Balance + Accounting Entries + Evidence File).
The result: the bank variance does not remain an ambiguous number; it becomes a list of reasons and actions.

In 20 seconds: What will you get?

• Bank Reconciliation Template: A complete bank reconciliation template in Excel.
• Matching Sheet: Automatic/manual matching between the bank statement and the books.
• Outstanding Checks: A list of Outstanding Checks (Issued not cleared).
• Deposits in Transit: Deposits in transit (Recorded not in bank).
• Bank Charges & Interest: Bank Charges and unrecorded interest/income.
• Unidentified Transactions: Unknown bank transactions requiring investigation.
• Variance Report: A variance report categorized by reason and status.
• JE Pack: Ready reconciliation entries (charges/interests/returns/errors).
• Audit Pack: Monthly evidence file: bank statement + reconciliation + list of outstanding items.

Suitable for

• Accounting teams that close multiple banks monthly.
• Companies with high daily transactions (deposits/transfers/payment gateways).
• Audited entities that require “Audit-ready” reconciliation.

Not Suitable for

• Inactive bank accounts or those with no actual movement.
• Those seeking a direct API link to the bank — this is an Excel template (and can be fed with CSV export).

Without the Template / With the Template

Before Use: 5 Symptoms That Your Bank Reconciliation is Unstable

• The bank variance repeats with the same value and does not close (Outstanding items without follow-up).
• Bank charges appear in the bank statement but are not recorded regularly.
• Outstanding checks for months without investigation or cancellation.
• Deposits recorded in the books do not appear in the bank statement for long periods.
• Unknown transactions in the bank statement are carried forward “as is” without classification.

After Implementation (Just Two Points)

• Actual Closure: Every variance has a reason + closure plan + clear Aging.
• Auditability: A consistent reconciliation file that repeats every month with its evidence and entries.

How Does Bank Reconciliation Work Practically?

1) Preparation and Gathering Reports

• Bank Statement (CSV/PDF) for the period.
• Bank GL / Cash