Task 3: Reconcile

Go to the Banking command centre and click Reconcile Accounts. The Reconcile Accounts window appears.

In the Account field, select the bank account you want to reconcile.

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).

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.

For each uncleared withdrawal, click the select column next to the deposit.

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.

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.