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.
Filling In Bank Reconciliations
Correcting Bank Reconciliation Lines (if necessary)
Applying Entries (if necessary)
Posting Bank Reconciliations
Applying Two Bank Statement Transactions to One Ledger Entry
Handling Erroneous Bank Statement Transactions
Posting Transactions Recorded by the Bank Only