Manual Bank Reconciliation is a process that compares the balance of your account (as reflected in your accounting records) with the current balance of your bank statement. It is used to identify and record any discrepancies between the two, such as deposits or payments that have not yet been recorded, checks that have not cleared, or errors made by either the company or the bank. Through manual reconciliation, businesses can quickly detect, document, and address any discrepancies before they become major issues. With manual bank reconciliation, businesses are able to stay on top of their financial activities and remain organized, making it an essential part of any successful business operation.