Bank reconciliation statements are generally completed once a month.
However, if your business is very busy with a large number of transactions you could ask your bank for an extra statement mid-month, or even weekly.
That way you can easily stay on top of the reconciliations and avoid feeling rushed or stressed once a month.
If you have access to internet banking you do not have to wait for the bank to send you a statement.
Just print a transaction listing for the dates you require.
Ensure there is an opening balance and a closing balance because these are required to complete an accurate reconciliation.
There are no "rules" about how often to do bank reconciliation statements.
You can do it daily if you wish.
again, you could do it six monthly...
...but only if you have very few business transactions so that you don’t overload
yourself with too much work in one sitting!
Also important to note is that you should never reconcile a bank statement to today's date, because today is not yet over and your closing balance might change by the end of the day.
The most up-to-date you can make a reconciliation is to yesterday's date (meaning up to the day before you prepare a reconciliation).