To prepare a bank reconciliation statement it is necessary to have the following:

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All of the above are necessary to prepare a bank reconciliation statement. The previous period's bank reconciliation statement provides information on any outstanding checks or deposits from the previous period that may still be outstanding in the current period. The company's record of bank account payments and receipts is necessary to compare with the bank statement to identify any discrepancies or errors. The bank statement is necessary to provide information on any transactions processed by the bank that may not have been recorded by the company, such as bank fees or interest earned. The bank account balance per the company's accounting system at the period end is necessary to compare with the adjusted bank balance to ensure they match after all adjustments and reconciling items have been taken into account.

To Prepare a Bank Reconciliation Statement It Is Necessary to Have