Completing your Bank Reconciliation

Go to the menu

Select General Ledger

Choose Bank Reconciliation

Input the date range from the bank statement (e.g., December 1st to December 31st)

Select the bank account number from the General Ledger

Fill in the bank starting balance

Input the bank ending balance

If there are outstanding transactions from the prior month, enter an un-reconciled start date

Click on "Get Transactions" to view a grid of items from the bank statement

Filter transactions by type (e.g., sales, AP)

Verify transactions by marking them as partially verified (yellow) or fully verified (green)

Verify all transactions by checking them off

Ignore vouchers that do not impact the verified balance

Save the reconciled transactions

If there is a difference, investigate and make necessary adjustments

Ensure the difference is zero before finalizing

Finalize the reconciliation to close out the month

Make adjustments for bank fees by adding them to the operating account and debiting the bank fees account

Create vouchers if needed to correct account balances

Provide a name for the finalized bank statement (e.g., December 2024)

View an Excel sheet with totals and verified items for deposits and withdrawals