The bank reconciliation journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting relating to bank reconciliation adjustments.
In each case the bank reconciliation journal entries show the debit and credit account together with a brief narrative. For a fuller explanation of journal entries, view our examples section.
Typical Bank Reconciliation Journal Entries
Bank charges journal entry
Account
Debit
Credit
Bank service charge expense
XXX
Cash
XXX
Notes receivable collected by the bank journal entry
Account
Debit
Credit
Cash
XXX
Bank service charge expense
XXX
Notes receivable
XXX
Interest income
XXX
Check from customer returned by bank, NSF journal entry
Account
Debit
Credit
Accounts receivable
XXX
Cash
XXX
Cash book check posting error journal entry
Account
Debit
Credit
Cash
XXX
Expense
XXX
Interest received from bank journal entry
Account
Debit
Credit
Cash
XXX
Interest income
XXX
Interest paid to bank journal entry
Account
Debit
Credit
Interest expense
XXX
Cash
XXX
Last modified November 12th, 2019 by Michael Brown
About the Author
Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University.
