How many days after a month ends should the bank reconciliation be done?

Ideally bank reconciliation should be done daily . This will ensue proper control over Accounta Receivable and management of funds for Vendor payments. In a medium to large orginisations it will be inevitable to have this done daily with dedicated staff. Action on customer cheque returns should start on the sam eday of clearing rather than waiting for bank advice to ensure proper monitoring of receivables. Similarly treasury management requires that you have full control of the funds requirement on a particular day whihc will ensure minimum float in current account whihc do not earn interest for the business. 

The bank reconciliation should be done within a few days after the month ends. The reasons include 1) making certain that the company's Cash account has the correct balance, and 2) making sure that the financial statements for the month include all of the company's transactions. At the latest, the bank reconciliation should be done prior to closing the books for the month.The bank reconciliation might reveal that some revenues and/or receipts were electronically deposited into the bank account but were not yet recorded in the accounting records. Likewise, there might be some expenses and/or payments that were deducted electronically from the bank account, but were not yet entered into the company's accounts. Further, the bank reconciliation might reveal some errors in the transactions already recorded in the company's general ledger.To save time and to improve internal control, have the bank reconciliation be performed by someone other than the person writing the checks and/or recording amounts in the general ledger.

The bank reconciliation should be done within a few days after the month ends. The reasons include 1) making certain that the company's Cash account has the correct balance, and 2) making sure that the financial statements for the month include all of the company's transactions.

   during or before the preparation of the period close