Question

What does it mean to reconcile a checking account?

Answer 1

To reconcile a bank statement, the account balance as reported by the bank is compared to the general ledger of a business. ... Similarly, the bank too keeps an account for every customer. In the bank books, the deposits are recorded on the credit side while the withdrawals are recorded on the debit side.

Answer 2

Reconciling your account basically means comparing two sets of records (yours and the bank's)