Ideally, you should reconcile your bank account each time you receive a statement from your bank. This is often done at the end of every month, weekly and even at the end of each day by businesses that have a large number of transactions.
Before the reconciliation process, Chapter's should ensure that they have recorded all transactions up to the end of your bank statement. Chapters that use online banking service can download the bank statements for the regular reconciliation process rather than having to manually enter the information.
Continually keeping up with your reconcilliations is very important. when you wait to long it is a lot harder to make sure you tracked everythign properly and didn miss anything. Additionally if you do have a discrepencey you have to rely on your memmory to identify the issue. We recommend reconciling monthly.