Bank reconciliation statement is a statement reconciling the balance of cash at bank as shown in an enterprise's own records and that indicated in the bank statement on a particular date. In other words, it is a statement that reconciles the balances of the cashbook and the passbook during a particular period.

Preparing a bank reconciliation statement can sometimes prove to be a difficult task. Discrepancy may arise due to difference in time of recording entries in cashbook and pass book.

Outsourcing maintenance of bank reconciliation statement is a practical option for companies to save time and effort.