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Using Excel for Large Bank Reconciliations

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    Using Excel for Large Bank Reconciliations

    I am trying to create formulas to reconcile checks quickly for a bank account. I have the outstanding checks from previous months in columns A thru D with check # in column A and amount in Column D. (Column E is a placeholder). I have the checks that cleared from the bank in columns F thru G. (Column I is a placeholder) and the cleared check number is in column F and the cleared check amount is in column H. In Column J is the formula =IF(VLOOKUP(A4,$F$3:$H$500,1,FALSE),"Cleared","") to check to see if the checks in columns A thru D cleared the bank. I have a formula in column L =VLOOKUP(A3,$A$3:$D$5000,4)-VLOOKUP(A3,$F$3:$H$5000,3) that is trying to compare the amounts for the checks that have cleared to see if there is a difference. I do not think the formulas are giving me what i need.

    https://www.dropbox.com/s/cqhjtly07i...File.xlsx?dl=0

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    Re: Using Excel for Large Bank Reconciliations

    In column J

    J3

    =IFERROR(INDEX($D$3:$D$500,MATCH(F4,$A$3:$A$500,0)),"")

    returns the check amount from D for corresponding Check # in F

    in K

    K3

    =IF(J3<>"",IF(H3<>J3,"Mismatch",""),"")

    checks values are equal
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    Re: Using Excel for Large Bank Reconciliations

    It can take a lot of effort to complete reconciliation tasks in Excel, so I've written a program providing dedicated reconciliation capability that works closely with Excel. You can get it at [edited out ] if you need to do more similar work in the future.
    Last edited by Richard Buttrey; 01-14-2017 at 08:40 PM. Reason: Contrary to forum rule 13

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    Re: Using Excel for Large Bank Reconciliations

    Sorry jumpalong.

    Welcome to the forum. However please read our rules - in this particular case rule 13.

    You're welcome to offer free advice here on the forum but not post links to commercial sites.
    Richard Buttrey

    RIP - d. 06/10/2022

    If any of the responses have helped then please consider rating them by clicking the small star icon below the post.

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    Re: Using Excel for Large Bank Reconciliations

    Oh, right. Sorry about that.

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