Bank reconciliation
Match your bank ledger against the bank's own statement, so what your books say and what the bank says finally agree.
Reports → Bank Reconciliation answers a question every owner should ask monthly: *does my bank balance in the books match the bank's own statement?* It lines up the two side by side, lets you tick off what matches, and shows you exactly what doesn't.
Run a reconciliation
- 1
Bring in the bank statement
Load the statement from a spreadsheet so its entries sit next to your bank ledger. See Importing your data for the column-mapping flow.
- 2
Match the entries
Obvious matches are paired up for you; tick off the rest by hand. Each matched pair drops out of the way so only the unresolved items remain.
- 3
Read what's left
Whatever stays unmatched is your reconciliation: deposits in transit, payments not yet cleared, and bank charges or interest you haven't recorded yet.
- 4
Record the missing pieces
Charges, interest, and anything else only the bank knew about become quick vouchers — and the two sides come into line.
The uncleared list is the point
A clean reconciliation rarely means zero differences — it means every difference is explained: this cheque hasn't cleared, that deposit is in transit. The uncleared list is your proof, not a problem.
Monthly beats yearly, every time
A month's reconciliation takes minutes because the list is short. Leave it a year and you're untangling hundreds of entries — do it little and often.
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