An essential part of the monthly closing process is to create a bank reconciliation for all cash accounts. In the
Bank Reconciliation Essentials
manual, we cover the structure of this document, its components, the problems likely to be uncovered by it, and why you should consider conducting the reconciliation on a more frequent basis. We also describe the proof of cash, which can be used to find cash-related discrepancies that might not be apparent on a bank reconciliation.