How to Reconcile a Bank Account

1 min read 103 words

Reconciliation confirms that the balance in your books matches the bank statement, catching missing or duplicate entries.

Go to Accounting > Banking > Reconcile Bank Account.
Select the bank account to reconcile.
Enter the statement ending balance and ending date from your bank statement.
Tick each transaction that appears on the statement to mark it as cleared.
Watch the difference figure — it must reach zero.
If there is a small unexplained difference, use Make Adjusting Entry to post it.
When the difference is zero, click Finish Reconciliation.

Review results in the Bank Reconciliation Summary and Bank Reconciliation Detail reports.

Did you find this article useful?

Your feedback helps us improve these articles.