Excel template for credit card reconciliation
Excel template for credit card reconciliation
This article provides details of Excel template for credit card reconciliation that you can download now.
Microsoft Excel software under a Windows environment is required to use this template
These Excel template for credit card reconciliation work on all versions of Excel since 2007.
Examples of a ready-to-use spreadsheet: Download this table in Excel (.xls) format, and complete it with your specific information.
To be able to use these models correctly, you must first activate the macros at startup.
The file to download presents three templates Excel template for credit card reconciliation
- Tow simple Excel template for credit card reconciliation
- Excel template credit account register
Do you want to get rid of credit card debt? This accessible calculator allows you to calculate the number of months required to fully pay off your credit card balance, as well as the interest you will pay by minimum or proposed monthly repayment. Change the monthly repayment amount to see the total interest and the number of months of repayment plus or minus.
A credit card statement is a financial document that provides a detailed list of all the expenses incurred using a credit card.
Reconciliation refers to the process of comparing transactions you have recorded for a financial account (or it could be receipts you retained for each transaction you made) against a monthly statement from a bank, credit card, or other financial institution.
1. Were all the credit card transactions reconciled? Yes or No?
No. there were several transactions not recorded and a couple with no record or receipt of transaction.
2. What happens if you are over charged by your credit card company? How would you rectify this situation?
You would have to call your credit card company and dispute the charges. They will investigate everything and reconcile and fix any mistakes that were made.
3. Why is it important to keep a record of all your credit card transactions or keep copies of all the expense receipts? What happens if a receipt is missing?
It is important to keep all receipts so if there is a mistake, then there is proof of purchase that can be shown to the company so it can be reconciled. If a receipt is missing, there is no proof of purchase, and no disputes can be made if there are overcharges on your credit card statement.
4. Why is the process of reconciliation so important?
The process of reconciliation is important so that expenses and overcharges on your credit card are kept track of.
5. How often should you reconcile your accounts?
It is best to reconcile your accounts once a month.