The business clarity series · Video 13
The Small Bank Fee That Throws Off Your Books
Your bank statement says five thousand dollars. Your books say five thousand twenty. What explains the difference?
0:35 · English narration · Captions included in the video
Full transcript
Your bank statement says five thousand dollars. Your books say five thousand twenty. What explains the difference?
In this fictional example, a twenty dollar bank fee appears on the statement but hasn't been recorded in the books.
After review and approval, recording that fee reduces the book balance to five thousand dollars.
Also check outstanding payments, deposits in transit, and missing or duplicate entries. Never add a made-up adjustment just to force a match.
Build a reconciliation routine you can explain. Explore the guides and tools at YourAI Ledger dot com.
Illustrated educational overview. Examples and amounts are fictional where shown. Confirm accounting and tax decisions with a qualified professional.