What it does
Works through an account's transactions against the bank's statement for a period, matching what cleared and leaving what hasn't as an open item, until the book balance and the statement balance agree.
Print Ledgers
Bank Reconciliation
Match your books against the bank's own statement, line by line.
Why it matters
Books that have never been reconciled are a guess. Reconciliation is what turns them into a number you can sign your name to — and it's how duplicate entries, missed fees, and unrecorded payments actually get found.
How to use it
- Open Bank Reconciliation from the Banking section.
- Pick the account and the statement period.
- Tick off each transaction that appears on the bank statement.
- Investigate anything left unmatched at the end, then close the reconciliation.
Main buttons and actions
- Select account & period
- Match transactions
- Close reconciliation
Example workflow
- The bank statement arrives for the month.
- Transactions are matched off against it here.
- Unmatched items are chased down and corrected or recorded.
- The reconciliation closes with the two balances in agreement.