Cash and Banks Review Template for Excel Reconciliation and Testing

Key benefits & value for the buyer

The Cash and Banks review template translates routine audit testing into a fast, auditable process. It converts raw bank data into reconciliations, highlights reconciling items, and captures cash count variances — all in a consistent layout auditors can trust.

What you gain

• Speed: Reduce manual matching and formula errors with pre-built lookups and summarized exception lists.
• Consistency: Standardized bank reconciliation workpaper and supporting schedules make reviews repeatable across teams and periods.
• Compliance-ready documentation: Exportable evidence and a built-in testing checklist for external audit trails.
• Flexibility: Use as a standalone bank reconciliation template or combine with your engagement files — editable to local reporting conventions.

Use cases & real-life scenarios

The template is built around typical audit flows. Below are practical scenarios showing how teams use it.

External audit — bank confirmations and reconciliations

Import bank statements, link to the general ledger, run the reconciliation sheet, and generate an exception report to support confirmation requests. The template groups reconciling items by type and date for quick sampling and documentation.

Internal control review — cash counts and petty cash

Use the cash count audit sheet for on-site cash counts: record counted amounts, book balances, differences, and control test notes. Print a signed count sheet as evidence for file retention.

Monthly close support for finance teams

Finance teams use the bank reconciliation workpaper to reconcile multiple accounts across currencies and produce a summary for management without building manual spreadsheets each month.

Who is this product for?

The Cash and Banks review template is aimed at professionals and teams who need accurate, fast reconciliation and testing:

• External auditors preparing bank reconciliation workpapers and testing cash.
• Accountants responsible for monthly or year-end bank reconciliations.
• Internal audit teams performing cash and bank control testing.
• Data analysts and finance managers who must standardize evidence across teams.
• Egyptian companies and consultants looking for locally relevant Excel solutions with quick customization options from ProXlsx.

How to choose the right template version

Choose based on your needs and technical comfort:

• Basic (no macros): Ideal if you want a safe, non-macro file for manual imports and printing.
• Standard (formulas + links): Best for most accountants — automatic reconciliations and summary reports without VBA.
• Advanced (optional VBA): For teams that want automated imports, formatting, and export tasks. VBA is provided with clear instructions and can be disabled.

If you are unsure, select the Standard version and request a short customization session from ProXlsx to match your chart of accounts and bank layouts.

Quick comparison with typical alternatives

Consider these trade-offs when deciding:

• Manual spreadsheets: Flexible but error-prone and inconsistent. Our template reduces human error and speeds up work.
• ERP built-in reports: May not provide audit-ready workpapers or printable count sheets. This template is designed specifically for testing and documentation.
• Specialised audit software: Powerful but costly and often requires training. The Cash and Banks review template delivers reliable results in Excel at a fraction of the cost and with no new software to learn.

Best practices & tips to get maximum value

1. Prepare source files: save bank statements as CSV/XLSX and use the import sheet to avoid manual copy-paste.
2. Lock a monthly snapshot: keep a dated copy of completed reconciliations for audit trails.
3. Use the test checklist: follow the built-in checklist for sample selection and documentation.
4. Limit macro use: enable VBA only when you need automation; always keep a non-macro backup.
5. Request customisation: ProXlsx offers hourly customization if you need the template adapted to local formats or multi-currency requirements.

Common mistakes when buying/using similar templates — and how to avoid them

• Buying an overly complex template: Choose the Standard version first to ensure you actually use the features.
• Ignoring documentation: Read the included instructions to save time and avoid misconfigurations.
• Enabling macros without review: Only enable VBA from trusted sources and test on a copy of your file.
• Not aligning with the general ledger: Map your GL accounts to the template before finalizing reconciliations to prevent misstatements.

Product specifications

• Format: Microsoft Excel (.xlsx) — Standard & Advanced versions include an optional .xlsm file for VBA.
• Compatibility: Excel 2016 and later, Excel for Microsoft 365, Mac Excel (limited macro support on Mac).
• Included sheets: Cover / Instructions, Import (bank statements), Ledger link, Bank Reconciliation workpaper, Cash Count Audit Sheet, Exceptions & Summary, Printable evidence pages.
• Language: English (layout designed for Egyptian audit workflows; labels fully editable).
• Support: 30-day email support for installation and basic configuration; customisation available by the hour.
• Delivery: Instant digital download after purchase + optional paid customization services.

FAQ