10. Bank Reconciliation

Once all of the banking online feeds have been processed, the bank reconciliation is almost completed. 1. Select Accounting from the left hand menu and then the Reconcile tab 2. In the Reconcile window, choose the bank account you are reconciling from the dropdown box and click on Start Reconciling. 3. Enter your Statement Ending date and Ending Balance from your bank statement and click OK. 4. The Reconcile window all bank feeds previously Matched and Added are automatically ticked off. The image below shows all transactions processed via the bank feeds. If all transactions match the bank statement, then the reconciliation will show Difference 0.00. All completed and reconciled – taking you no time at all!

Click on the Finish Now button. This will take you back into the Reconcile window which will summarise the bank account last reconciled date and ending balance.