Reconciling a Bank Account

Accounting > Cash and Bank > Reconcile Checking Accounts

· Only one bank reconciliation may be open at a time.

Inside the Bank Selection Screen:

1. Select a bank from the Banks list.
2. Select a bank account from the Accounts list.
3. Click the [Create Reconciliation] button.
4. Select the bank statement’s Ending Date in the Select Statement Ending Date window.
5. Click the [OK] button.

Within the Reconcile Checking Accounts Screen:

1. Input the Beginning Balance for this Account on Bank Statement.
2. Input the Ending Balance for this Account on Bank Statement.
3. Input any Bank Charges.
4. Input any Bank Credits.
5. Input check amounts in the Find Amount search field to advance through the grid.
6. Mark the items in the grid that have cleared the bank account.
7. Once all cleared items have been marked, the Outstanding Balance will be $0.00.
8. Click the [Update] button in the Action Ribbon.
9. Click the [Yes] button to the Check Reconciliation prompt: “Do you want to clear the selected checks in the check register?”
10. Click the [Yes] button to the Save prompt: “Save Changes?”

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