# How to Reconcile Credit Card Statements in Excel – 4 Steps

The dataset below showcases bank and the accountant’s cash book statements.

There are discrepancies in these statements.

### Step 1 – Prepare the dataset to perform Credit Card Reconciliation

• Include the differences between the statements.

Read More: How to Do Bank Reconciliation in Excel

### Step 2 – Find Mismatches Between Statements

• Insert a helper column in the cash book statement.

• Enter the following formula in F15.
`=IF(COUNTIF(\$D\$6:\$D\$11,D15),"","Mismatched")`

Formula Breakdown:

• COUNTIF(\$D\$6:\$D\$11,D15) This is the logical test. If the value in D15 is present in D6:D11, the condition is TRUE. Otherwise, FALSE.
• Output: TRUE.
• IF(COUNTIF(\$D\$6:\$D\$11,D15),””,”Mismatched”) If the condition is TRUE, the output will be a blank. Otherwise, “Mismatched”.
IF(TRUE,””,”Mismatched”)
• Output: “”

• Press ENTER to see the output.

• Drag down the Fill Handle to see the result in the rest of the cells.

### Step 3 – Record Mismatches in a Reconciliation Statement

Adjust mismatches in the reconciliation statement.
Here, the Electricity Bill and Salary Expenses are mismatched. The Electricity Bill is \$20 less than the original payment. Due payment was \$200, but \$220 was paid. In the cash book balance, deduct \$20.

The mismatch for Salary Expense is \$100. Here, add it to your cash book balance.

### Step 4 – Calculate the Adjusted Balance

• Go to E14 and enter the following formula
`=E9+C11-C13`

• Press ENTER.

This is the output.

Read More: How to Reconcile Data in Excel

## Things to Remember

• Your cash book balance should match the bank statement

## Related Articles

<< Go Back to Excel Reconciliation Formula | Excel for Accounting | Learn Excel

Get FREE Advanced Excel Exercises with Solutions!
Akib Bin Rashid

AKIB BIN RASHID, a materials and metallurgical engineer, is passionate about delving into Excel and VBA programming. To him, programming is a valuable time-saving tool for managing data, files, and internet-related tasks. Proficient in MS Office, AutoCAD, Excel, and VBA, he goes beyond the fundamentals. Holding a B.Sc in Materials and Metallurgical Engineering from Bangladesh University of Engineering and Technology, MD AKIB has transitioned into a content development role. Specializing in creating technical content centred around Excel and... Read Full Bio

We will be happy to hear your thoughts

Advanced Excel Exercises with Solutions PDF