How to Balance a Bank Reconciliation | Universal CPA Review

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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.

[@geoffreyaricha4520]

You make it look very easy; very well explained. Just to add, there can be interest expense (as a result of a loan taken) and also automatic bank payments (as a result of Standing orders to the bank)