Reconcile Your Accounts

Reconciling Your Accounts

We recommend you reconcile all your ACCOUNTS on a monthly basis. Be sure what you have recorded matches what the bank account statement has recorded and note any differences. Note: This is one of many ways the system proves your records are accurate.

Step 1: From the Main Menu click ACCOUNTS > choose an ACCOUNT to reconcile.

Step 2: Click Reconcile ACCOUNTS > Reconcile. This screen will appear:

Step 3: Fill in the starting and ending dates, balances, and click Submit. The Reconciliation sheet will open with all transactions.

Step 4: Check off each transaction in column J that matches up to the transactions on your bank account statement.

Step 5: When the Reconcile Difference is blank or zero, you are in balance and can click Submit. Good going!

If you go back to your CHECKING ACCOUNT, you will see that the transactions that cleared the bank have an “X” on each row in column E.

The Reconcile History sheet records a history of all ACCOUNT reconciliations and is for viewing purposes only. It is used to keep track of which ACCOUNTS have been reconciled and which have NOT.