Accounting - Bank Reconciliation

Navigation: Accounting - Banking - Bank Reconciliation

Purpose: The Bank Reconciliation is used to reconcile your bank accounts.

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• Select the bank account, and statement date (the date that is on your bank statement)
• Statement Balance. 
• Service Charges
• Interest Earned
  Note: Instead of entering in bank service charges and interest earned as a journal entry you can enter it on the bank reconciliation form.  Once the reconciliation is done it will create the journal entries for you.
• Click Continue

Note: Based on your account permissions, you will see unreconciled bank accounts.

• Select the debits (deposits)
• Select your Credits

Note: This would be based on what is on your bank statement.  Your Reconcile needs to be a $0.00 difference for it to be completed.