Performing bank reconciliation is a process that is used to explain the difference between the bank balance that is shown in an organization's bank statement, as supplied by the bank, and the corresponding amount shown at a particular point in time in the organization's own accounting records. Any differences that do occur may be due to banking transactions that have not yet been recorded by the organization, checks that have not yet cleared or errors made by the bank or organization. Spreadsheets allow these details to be updated and edited easily and labelled in a way that makes it simple to look back at the data should any confusion occur at a later date. Information that is inputted into a spreadsheet with all of the financial transaction details can be used to compare to a bank statement when it arrives. Any discrepancies in the total amount can be searched for quickly and pinpointed exactly. Providing that the spreadsheet has been kept up to date and accurate it will be obvious