How To Reconcile Your Account

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Module:  General Accounting  

Applet:  Bank Reconciliation

 

Description: How to Reconcile an Account.

 

Step 1 - Select the Bank Account to be Reconciled (Fig.1).

Bank Rec 1

Fig.1

 

 

Step 2 - Compare Disbursements, Receipts, and Adjustments to the Bank Statement. Check off the items that have cleared. Ending Balances should be equal to each other (Fig.2).

Bank Rec 2

Fig.2

 

 

Step 3 - When Ending Balances are equal, check the Reconciled checkbox and click Save (Fig.3).

Bank Rec 3

Fig.3