Bank Reconciliation Problems is a financial term used to describe discrepancies between the recorded bank statements of both parties in a financial transaction. These problems arise when there are differences in what both parties have accounted for in terms of payments, deposits and other activities. To resolve these issues, careful analysis must be done to identify the cause of the differences and make the necessary adjustments to ensure that everything is reflected accurately on both ends. With proper accounting and reconciliation processes in place, businesses can avoid costly mistakes and keep their financial records up-to-date.