1) comparison- start with the bank statement and general company ledger cash account. check off all items that match
2) add deposits- once comparison is complete, note all items that remain on the company's ledger
3) outstanding checks - deduct outstanding checks from ending balance, these checks haven't cleared the bank.
4)bank series-wound add or deduct any bank errors to the ending balance
5) check register reconciliation- deduct bank service charges
6) interest earned- add interest earned if u have an interest bearing account
7) check register errors- add or deduct errors in the check register
8)journal entries- u may need to prepare journal entries as part of the reconciliation process
9) compare both statements- Compare the adjusted bank statement balance per your reconciliation to the adjusted cash balance per the general ledger.
