Reconcile Account
This is where you can reconcile your accounts with bank statements.
FROM THE MENU: Miscellaneous, Financial, Reconcile Account
- Account: Select the account you wish to balance.
- Statement End Date: Looking at your statement, enter the statement end date.
- Starting Balance: This will be provided to you based on the ending balance from the last reconciliation.
- Ending Balance: Looking at your statement, enter the ending balance. No commas or dollar sign.
- Debits Cleared, Credit Cleared, Difference: All calculated for you based on the selections you make when clearing.
- Bank charges: Enter any bank charges that appear on the statement. No comma or dollar sign.
- Charges Account: Choose the appropriate bank charges account.
- Interest: Enter any interested received that appear on the statement.
- Interest Account: Choose the appropriate interest account.
Click the SUBMIT button or press ALT+S to display the results of your selections.
The Cleared word is a toggle button. It will select or unselect all. Select all transactions you wish to clear.
Click on the UPDATE button or press ALT+U to save your changes.