Reconcile

Reconcile

The reconcile screen is where you complete your bank reconciliation. First, choose your bank Account from the dropdown list. Only bank accounts with unreconciled statements will be displayed. Next, select the bank statement date from the dropdown list. If your Bank Closing Balance is known from the bank file, it will automatically be populated. Your Opening Balance will be populated with the most recent Bank Closing Balance.

The Out of Balance field is a calculated sum of the difference between the Closing and Opening Bank Balance minus the difference between the cleared Deposits and Payments. If the Out of Balance is $0.00, the Reconcile button will appear on the bottom right. Click Reconcile for the current account and repeat these steps for any other bank accounts for which bank files have been imported.

From the Reconcile screen, you can uncheck a matched transaction. To re-match the transaction, click the Back button and you will see the un-matched bank transaction listed as an exception. Follow the Manage Exceptions instructions to re-match the transaction.