Are you tired of sifting through mountains of bank statements and transaction records, trying to make sense of it all? We’ve all been there – that overwhelming feeling of confusion when it’s time to reconcile your bank accounts. It can be frustrating and time-consuming, especially if you’re not a numbers person or a financial expert.
Well, fret not! We’ve got just the solution for you. In this article, we’re going to introduce you to some fantastic tools that will make your bank reconciliation process as smooth as silk.
These user-friendly templates are designed to help you stay organized, avoid errors, and save precious time while working with your financial data. No more headaches or math-induced nightmares!
What Is a Bank Reconciliation Template?
A bank reconciliation template is a document that serves as a framework for comparing an individual’s or organization’s financial records with the corresponding bank statement.
The template usually consists of various sections that help track and reconcile all transactions, including deposits, withdrawals, checks, and other financial activity.
The primary goal is to ensure that both sets of records—those kept by the bank and those maintained by the individual or organization—are accurate and match, accounting for any discrepancies like bank fees, checks that haven’t cleared, or errors in either record.
Best Bank Reconciliation Templates for Excel and Google Sheets
1. Bank Reconciliation Template from CFI Team for Excel
Platform: Microsoft Excel
Designed by CFI
This Bank Reconciliation Template from the CFI Team for Excel is an excellent resource for businesses or individuals who need to reconcile their bank statements with their own financial records.
It’s perfect for those who want to ensure the accuracy of their financial statements, track discrepancies, and maintain proper control over their cash flow.
The template is straightforward and easy to use, with fields for cash balance, deposits in transit, outstanding checks, receivables collected by the bank, interest earned, and other deductions.
It simplifies the complex process of bank reconciliation, making it accessible for anyone, regardless of their financial background.
2. Simple Bank Reconciliation Template for Google Sheets
Platform: Google Sheets
Designed by Rob Potter
The Simple Bank Reconciliation Template for Google Sheets designed by Rob Potter is a straightforward solution for managing your finances.
The template provides a clear layout that allows you to easily record and track all your transactions, such as outstanding checks, checkbook balance, and statement balance.
It includes sections to add any deposits or charges not yet reflected in your checkbook, ensuring you have an accurate picture of your financial situation.
The template automatically calculates the adjusted checkbook and statement balances, and indicates if these balances match, making it easy to spot any discrepancies.
3. Bank Account Reconciliation Template from MSOfficeGeek
Platform: Google Sheets & Microsoft Excel
Designed by MSOfficeGeek
The Bank Account Reconciliation Template from MSOfficeGeek is a comprehensive solution for individuals or businesses who need to reconcile their bank statements.
Designed for both Google Sheets and Microsoft Excel, it offers a user-friendly layout that makes it easy to insert your company’s name and account details. You can input your bank’s information, deposits in transit, outstanding checks, and unrecorded entries.
The template also provides sections for noting any bank mistakes and wrongly reported transactions, ensuring a thorough review of your financial situation. An added bonus is the inclusion of a printable bank reconciliation statement and a working sheet to help you manage your financial data efficiently.
4. Monthly Bank Reconciliation Template from Smartsheet for Google Sheets
Platform: Google Sheets
Designed by Smartsheet
The Monthly Bank Reconciliation Template from Smartsheet for Google Sheets is a simple yet efficient way to keep your finances in check. It’s like having a personal financial assistant but without the added cost.
With this template, you can easily track your bank balances and transactions. It includes sections for your bank name, statement balance, bank phone, account number, and statement date. You can also add deposits in transit, subtract outstanding checks, and compute your book balance.
It’s perfect for individuals who want to manage their finances better or small businesses looking for a way to streamline their financial processes.
5. Daily Bank Reconciliation Template from Excel Skills for Excel
Platform: Microsoft Excel
Designed by Excel Skills
This Microsoft Excel template from Excel Skills is a comprehensive solution for recording and reconciling bank transactions.
It allows users to track deposits and withdrawals across multiple accounts, automatically generates a monthly cashbook report and bank reconciliation, and even includes a unique dashboard for an at-a-glance view of your finances.
It also features sales tax calculations and accommodates petty cash transactions. The template is quite detailed, including sheets for setup, data entry, cashbook reports, bank reconciliation, and a dashboard.
It’s ideal for individuals or businesses who want to keep a detailed record of their bank transactions and ensure that their records match their actual bank statements.
6. Bank Reconciliation Form from Wolters Kluwer for Excel
Platform: Microsoft Excel
Designed by Wolters Kluwer
The Bank Reconciliation Form from Wolters Kluwer for Excel is a simple and efficient way to keep track of your finances. This Excel template makes it easy for you to reconcile your bank statement with your own financial records on a monthly basis.
You can add your deposits in transit, subtract outstanding checks, and compute your book balance.
The Bank Reconciliation Form is like having your own personal accountant, helping you avoid any potential discrepancies between your bank statement and your own records.
7. Credit Card Reconciliation from Smartsheet for Excel
Platform: Microsoft Excel
Designed by Smartsheet
Navigating credit card reconciliation can be a complex task, but the process becomes much easier with the Credit Card Reconciliation template from Smartsheet for Excel.
This template offers a structured layout for tracking and reconciling all your credit card transactions. With fields for employee details, vendor information, transaction descriptions, and various expense categories like transportation, lodging, meals, and entertainment, it captures all the necessary details in one place.
This template is designed to work seamlessly with Microsoft Excel, providing a familiar and user-friendly interface.
8. Excel Bank Reconciliation Template UK
Platform: Microsoft Excel
Designed by London Borough of Hammersmith and Fulham
Ready for a simpler way to keep your banking in check? The Excel Bank Reconciliation Template UK is a friendly companion for your monthly financial reviews.
Designed by the London Borough of Hammersmith and Fulham, it’s a must-have for anyone wanting to keep their finances in order. You’ll be able to track your bank balance, total money paid in and out, and reconcile your balance with your bank statement.
What’s more, it provides sections for noting down any transactions not yet reflected in your bank statement, both incoming and outgoing.
But the best part? It’s all in a familiar Microsoft Excel format. So, no need to learn any new software.
9. Account Reconciliation Template for Excel
Platform: Microsoft Excel
Designed by University of Calgary
The Account Reconciliation Template for Excel from the University of Calgary is your go-to resource for ensuring the integrity of your financial transactions. Perfect for both personal and business use, this template makes it easy to properly code items into correct accounts and check the age of each item.
It’s designed to help you proactively identify and resolve issues that could lead to misstatements in your financial records.
The template also comes with designated areas for supporting documentation and a detailed instruction guide to help you along the way. But what makes this template a standout is its ability to help prevent substantial write-offs, ensuring you’re always on top of your finances.
10. Reconciliation Report Template from Excel Demy for Excel
Platform: Microsoft Excel
Designed by Excel Demy
The Reconciliation Report Template from Excel Demy for Excel is a handy resource for those who need to manage their bank accounts more effectively. This template allows you to compare and reconcile your bank statement with your own records.
It includes sections for bank balance as per bank statement, depositor record, deposits in transit, outstanding cheques, bank errors, NSF cheques debited, and bank service charges. This template also includes a section for errors on the depositor’s books, ensuring that every minor detail is accounted for.
The final part of the template provides an adjusted balance as per the depositor and the bank statement.
11. Business Bank Statement Template from Wise for Google Sheets
Platform: Google Sheets
Designed by Wise
The Business Bank Statement Template from Wise for Google Sheets is like a financial compass for your company. It helps you navigate the financial seas by providing a clear snapshot of your company’s financial health.
It maintains a detailed record of your assets, liabilities, and shareholder’s equity, giving you a comprehensive understanding of your financial position. The layout is neat and concise, making filling in and tracking your data easy.
It even includes a section for international business bank accounts, a great feature for businesses operating across borders.
12. Checkbook Reconciliation Template for Google Sheets
Platform: Google Sheets
Designed by Justin Pritchard
This Checkbook Reconciliation Template for Google Sheets is a user-friendly way to keep track of your financial transactions. It’s designed to help you record your starting balance, deposits, and withdrawals over time, all in a clear and straightforward manner.
The template provides a column for check numbers, dates, descriptions, debits, credits, and the resulting balance. It even includes video instructions that you can access with a simple click.
What makes this template stand out is its simplicity and the clarity it brings to managing personal finances.
13. Reconciliation Spreadsheet from High Radius for Excel
Platform: Microsoft Excel
Designed by High Radius
This Bank Reconciliation Template from High Radius is perfect for comparing company records with bank statements. Designed for use in Microsoft Excel, it provides a clear and concise layout that makes it easy to spot any discrepancies.
It features separate tabs for the bank statement and the company’s cash book and includes a ‘Reconciliation Notes’ column to highlight any transactions that don’t match up. The template is also equipped with formulas in certain columns, which automatically calculate the balance and any mismatches, making your job easier.
How to Make a Bank Reconciliation Template in Google Sheets
In this guide, we’ll walk you through the step-by-step process of building your own bank reconciliation template in Google Sheets. We’ll cover data entry, formatting, and using formulas to identify discrepancies. Let’s dive in!
Step 1: Input Your Data. Start by entering the information you’d like to include in your template, such as text, numbers, and other relevant details. You can personalize the text by using the toolbar to adjust font style, size, color, and other formatting options.
Step 2: Add Color to Cells. If you’d like to highlight certain cells with color, simply select the cells you wish to colorize and click on the Fill Color icon. A menu will appear, allowing you to pick from a variety of colors. This is a great way to emphasize important data or implement a color-coding system within your template.
Step 3: Insert Borders. To add borders around specific cells or ranges, select the data you want to outline and click the Border icon. This will present you with options to choose the border color, style, and type (e.g., solid or dashed lines). Feel free to apply borders to individual cells or entire rows and columns, depending on your needs.
Step 4: Merge Cells. If you’d like to combine multiple cells into one, highlight the cells you wish to merge. Then, go to the toolbar and click on Merge Cells. Choose the Merge All option to consolidate the selected cells into a single unit—handy for table formatting.
Step 5: Use Formulas for Calculations. To perform calculations within your template, you can utilize formulas. Select the cell where you want the result to appear and type in a formula that references the necessary data. For instance, you could use the SUM function to tally up a set of numbers.
Step 6: Hide Gridlines (Optional). If you’d rather not see gridlines on your template, it’s easy to hide them. Click on the View tab and then select Show. Uncheck the Gridlines option to give your template a cleaner look.
By following these steps, you’ll end up with a well-organized and functional bank reconciliation template tailored to your needs. If you’d like to download this template, you can access it here.
How to Create a Bank Reconciliation Template in Excel
In this guide, we’ll show you how to create your own bank reconciliation template in Excel, step by step. We’ll walk you through data entry, formatting options, and formula use to spot any discrepancies. Let’s get started!
Step 1: Enter Your Data. Begin by inputting the information you’d like to feature in your template—this could be text, numbers, or any other relevant data. Customize your text by using the toolbar to tweak font style, size, color, and other formatting features.
Step 2: Color Code Cells. If you’d like to highlight certain cells, start by selecting the ones you’d like to change. Then, click on the Fill Color icon, usually represented by a paint bucket, and choose your desired color from the palette. The selected cells will now display your chosen color.
Step 3: Add Borders. To put borders around specific cells, simply click to select them, then find and click the Border icon. You’ll be prompted to pick the border’s color, style, and type, allowing you to visually organize your data in a way that suits you best.
Step 4: Merge Cells. If you need to merge two or more cells into one, first select the cells in question. Once they’re highlighted, go to the toolbar and click on Merge Cells. A dropdown menu will appear; select the Merge All option to consolidate the cells into a single unit.
Step 5: Implement Formulas. To use formulas in your spreadsheet, type the formula you need into the cell where you’d like the result to appear. Then, hit the Enter key. Excel will automatically execute the formula and display the result.
Step 6: Remove Gridlines (Optional).For a sleeker look without gridlines, head to the View tab in the toolbar. Look for the Gridlines option and uncheck its corresponding checkbox. This will remove the gridlines, giving your template a cleaner appearance.
Here it is! If you wish to save and work with this template for future use, simply download the file to your preferred storage location.
And there you have it! If you want to save this template for future use, simply download the template here.
