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Bank Reconciliation using a dowhile loop macro in Excel?
In the last Excel training video we had described what a bank reconciliation is and how to automate the process using a 'for next' loop in a macro. Now we demonstrate the use of a 'do while' loop to automate the bank reconciliation process. This is an elegant and time saving method for any individual or business.
We define the starting row in our cheque book or ledger data in the outer loop and compare it with the bank data which resides in the inner loop. Using the 'IF' function we then compare the cheque numbers and decide what to display in the relevant cells. The complete process of the bank reconciliation takes a few milliseconds. People who have been doing this manually know the difficulties! In fact, we have also calculated the days taken to realize the cheque.
Further reading and use:
Bank reconciliation template
|Bank reconciliation using a 'dowhile' loop macro|