Bank statements should always be checked and this is best done immediately they arrive so that your bank can be notified of any discrepancies as soon as possible.
There are various ways of doing this, if a cash book has been kept as suggested on another of our pages, this can be checked as follows:-
If, however, you do not keep a cash book you can check you statement as follows:-
If they don’t, subtract one total from the other and if the difference is 1, 10, 100, 9 or 99 you have probably made an error in addition.
If the difference is divisible by 9 you have probably transposed a figure (i.e. written 89 instead of 98)
If it still does not balance check you have not omitted anything and recheck you maths.
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