Reconciling Bank Accounts

When you maintain bank accounts in the program, you must reconcile them on a regular basis, that is, check the entries and the balance on your accounts against the statement from the bank. There are several steps involved.

To Reconcile Bank Accounts:

  1. Filling In Bank Reconciliations

  2. Correcting Bank Reconciliation Lines (if necessary)

  3. Applying Entries (if necessary)

  4. Posting Bank Reconciliations

Related Topics

Applying Two Bank Statement Transactions to One Ledger Entry

Handling Erroneous Bank Statement Transactions

Posting Transactions Recorded by the Bank Only