How to Complete a Bank Reconciliation

Steps to Follow

1. Go to the “Finances” tab and the “Reconciliations” subtab.

2. Click on “Add” at the top right.

3. Check that the dates (“Date” and “End Date”) are correct. Note: A bank reconciliation is done on the last day of the month.

4. Select the right bank account.

5. Compare the amounts in your income statement and the amounts in the software. When they match, tick the amount; when they do not match, do not tick it.

6. In the software, enter the final balance written in your income statement. This should bring the unresolved amount to zero. If not, you might have ticked too many items.

7. Click on “Finish.”

8. To view a report of the reconciliation, click on “Report” at the top right.

You have now completed a bank reconciliation.