Reconciliation

Bank reconciliation checklist for CAs

Before bank statement entries are posted, a short review can catch most avoidable errors. Use this checklist for monthly close, client review and audit preparation.

Transaction checks

• Compare statement dates with the accounting period.
• Check opening and closing balances.
• Search for duplicate dates, references and amounts.
• Review bank charges, interest and transfers.

Mapping checks

• Confirm the correct bank ledger.
• Check Payment, Receipt and Contra classifications.
• Review suspense entries before final export.
• Verify long narrations and reference numbers.

Keep an audit trail

Keep the original statement, reviewed transaction preview and final export together. This makes it easier to explain a correction later and keeps the workflow repeatable across clients.

Start with the TallyPrime import guide or convert a statement.