How to Balance a Bank Reconciliation | Universal CPA Review

👉 Start a free trial with Universal CPA Review with the link below! https://app.universalcpareview.com/ac... Having trouble understanding how to balance a bank reconciliation? Yeah, you are not alone! We have to perform a bank reconciliation to understand the difference between the balance per bank statement at the end of a period an the balance per books (accounting records) at the end of a period. On the bank side, you have to factor in outstanding checks, deposits in transits, and any bank errors. On the book side, you have to factor in NSF checks, interest income, services charges, and book errors.