Intermediate Accounting 6 Cash and Receivables 2. Bank reconciliation a company prepares a monthly bank reconciliation in order to analyze and reconcile the differences between the cash balance on the monthly bank statement and the company's accounting record of the proper cash balance2. Bank Reconciliation A company prepares a monthly bank reconciliation in order to analyze and reconcile the differences between the cash balance on the monthly bank statement and the company's accounting record of the proper cash balance. Intermediate Accounting 6 Cash and Receivables