Reconcile

Reconciliation is the process of confirming that the transactions in your books match what actually cleared your bank — so you can trust your balances.

Before you reconcile

Make sure your bank transactions are worked: every line in the For review queue should be matched, categorized, or excluded.

Reconcile

1. Go to Accounting → Reconcile. Each bank account shows its reconciliation status (Up to date, Needs attention, In progress or Not started).
2. Select an account and start a reconciliation: enter the statement date and ending balance (with optional service charge and interest earned).
3. On the worksheet, clear each transaction that appears on your bank statement (click to clear a single line, or use the bulk Clear All action).
4. Watch the running total: the worksheet shows Difference, which must reach $0.00 — at which point it reads Balanced.
5. Click Finish Now to lock in the reconciliation. (It's only enabled once you're balanced.)

Why reconciliation matters

Reconciliation is where you confirm your books line up with what actually cleared the bank — catching anything missing, duplicated or mis-categorized so you can trust your balances.

Related

• Bank Transactions
• Accounting overview