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HOW TO RECONCILE YOUR CHECKING ACCOUNT Step 1: On the Checking Account Reconciliation Form in the area called Balance shown on this statement, write the amount of the New Balance. Step 2: Compare
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Reconciliation is the process of comparing two sets of records to ensure they are accurate and in agreement.
Any individual or entity that needs to verify and match financial records should file a reconciliation.
To fill out a reconciliation, gather all relevant financial records, compare them line by line, and make any necessary adjustments.
The purpose of reconciliation is to ensure that financial records are accurate and up to date.
Reconciliations typically require detailed information on account balances, transactions, and any discrepancies.
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