“Create a top-down bank reconciliation process flow from Start month-end reconciliation to Get bank statement and general ledger, Match deposits in transit, Match checks, ACH payments, and bank fees, and an Unmatched items decision. Route Yes to Investigate timing differences and errors, Post adjusting entries, and back to recheck matches; route No to Prepare reconciliation and Reviewer approves reconciliation. Route reviewer Yes to Close reconciliation and No to Revise reconciliation and back to recheck the reconciliation.”
Read the decisions behind it.
The bank statement and general ledger are collected in one input step before matching begins.
Deposits, payments, and fees remain in one top-down main sequence before the exception decision.
Unmatched items branch to investigation and adjusting entries, then return to the matching decision for recheck.
A separate review decision loops revisions back to the prepared reconciliation before close.
Use it for recurring cash-account reconciliations with a preparer and reviewer. Use a reconciliation worksheet when the main need is calculating balances and listing individual outstanding items.
Other examples in this family.
Common questions
What is a bank reconciliation process flow?
It is a flowchart for matching bank activity to cash records, resolving differences, approving adjustments, and retaining evidence.
What are the main steps in bank reconciliation?
Obtain the statement and ledger, match deposits and payments, investigate unmatched items, post adjusting entries, prepare the reconciliation, and obtain review.
How do you read a reconciliation flowchart?
Follow the arrows from inputs through the match steps. Decision diamonds identify whether an exception needs research, correction, or approval.
Is a bank reconciliation template the same as an example?
A template provides an adaptable process and roles. An example shows a completed flow for one company's specific control environment.
Do I need an account?
Yes, a free one. No card is asked for.