1. Reconciliation Copyright © Texas Education Agency, 2012. All rights reserved.

2. 2 “Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked ™ as the property of the Texas Education Agency and may not be reproduced without the express written permission of the Texas Education Agency, except under the following conditions: 1)Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from the Texas Education Agency; 2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only without obtaining written permission of the Texas Education Agency; 3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way; 4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged. Private entities or persons located in Texas that are not Texas public school districts or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from the Texas Education Agency and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty fee. Copyright © Texas Education Agency, 2012. All rights reserved.

3. Discovery What do you think the term ‘reconciliation’ means? What are some circumstances in which this term could be used? Copyright © Texas Education Agency, 2012. All rights reserved. 3

4. Need to Know Terms Bank Reconciliation Bank Reconciliation Form Ending Balance Deposits in Transit Posted Outstanding Check Computed Book Balance Balance Per Your Books Overdraft Overdraft Protection 4 Copyright © Texas Education Agency, 2012. All rights reserved.

5. Introduction-Purpose of Assignment SWBAT (Student Will Be Able To) Successfully reconcile a bank statement using a template and provided worksheet data. 5 Copyright © Texas Education Agency, 2012. All rights reserved.

6. Guided Practice What you will need: Bank Reconciliation Template (Excel document) Bank Reconciliation Worksheet Data (Word document) We will work together through the first sheet tab of information, going through how to properly transfer the information from the worksheet data document to the template. Let’s see if we can balance our books! 6 Copyright © Texas Education Agency, 2012. All rights reserved.

7. Independent Practice What you will need: Bank Reconciliation Template (Excel document) Bank Reconciliation Worksheet Data (Word document) You will now work on your own and complete Sheet Tabs 2 and 3 (February and March data). Let’s see if you can balance your books! 7 Copyright © Texas Education Agency, 2012. All rights reserved.

8. Summary What does it mean to reconcile? (in banking terms) Why is reconciling important? What should you do if your books don’t balance? Is it good to pay an overdraft fee? 8 Copyright © Texas Education Agency, 2012. All rights reserved.