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Advanced setup > Do an initial bank reconciliation > Task 3: Reconcile
Task 3: Reconcile
To reconcile the account
1
Go to the Banking command centre and click Reconcile Accounts. The Reconcile Accounts window appears.
2
In the Account field, select the bank account you want to reconcile.
3
In the New Statement Balance field, enter the closing bank balance as at the day prior to your conversion month (for example, the closing balance as at 30/06/v15).
4
In the Bank Statement Date field, enter the first date of your conversion month. (For example, if your conversion month is July 2012, enter 01/07/v15.) Your uncleared transactions appear.
When you recorded uncleared transactions, the same account was debited and credited with the same amount. Therefore, an uncleared transaction appears as both a deposit and a withdrawal.
5
For each uncleared withdrawal, click the select column next to the deposit.
6
For each uncleared deposit, click the select column next to the withdrawal. When each uncleared transaction is selected, $0.00 appears in the Out of Balance field.
7
Click Reconcile. A confirmation window appears.
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To print a report, click Print Report. When the report is printed, click Reconcile.
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To reconcile without printing a report, click Reconcile.
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To change any details you entered in the Reconcile Accounts window, click Cancel.
Related Topics
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Do an initial bank reconciliation
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