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 |
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 in 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 BSc from Loughborough University.
