For each statement about Reconciling a Bank Account, select Yes if it is accurate, or No if it is not. 0000 The first step in reconciling accounting software to a bank account is to obtain a copy of the bank statement. Research any transaction(s) on the bank statement that do not have a match in your accounting software. Make adjustments entries, if needed. Enter all of the transactions made by your company into your accounting software regardless of the date. The first step in reconciling accounting software to a bank account is to click reconcile and review the report