Bank Reconciliation SOP

Agree the cash balance in the ledger to the bank statement every month and investigate every difference.

The full Bank Reconciliation SOP (all 7 steps, 3 controls, records and measures) is one of 36 editable Word SOPs in the SOP Template Kit: $79.

Document no.

FIN-04

Department

Finance

1. Purpose

Agree the cash balance in the ledger to the bank statement every month and investigate every difference.

All bank accounts, including savings, payroll and card clearing accounts.

Role	Responsibility
Accountant	Prepares the reconciliation.
Controller	Reviews and signs.

Step	Who	What to do
1	Accountant	Download the month-end statement for each account directly from the bank portal.
2	Accountant	Match statement lines to ledger entries (bank feed rules first, then manual).
3	Accountant	List outstanding checks, deposits in transit and bank charges not yet recorded.
+ 4 more steps, 3 controls, 2 records and 2 measures in the full SOP.