A bank reconciliation is used to compare your records to those of your bank, to see if there are any differences between these two sets of records for your cash transactions. The ending balance of the cash records is known as the book balance, while the bank's version is called the bank balance. Also, items involved in bank reconciliation are cash deposits, check deposits, check payments, bank service charges, bank interest income. Errors would cause the balance shown in the bank statement to be higher or lower than cash book balance depending on the nature of the error or the omission. The difference needs to be eliminated by adjusting the cash book of the company before the preparation a bank reconciliation. There are other accounts that can be reconciled are: vendor reconciliation, customer reconciliation and inter-company reconciliation. What is your opinion?