Bank Reconciliation

The Bank Reconciliation submenu is used to view reconciled transactions and perform reconciliation between credit/debit card transactions and the bank. Credit or debit card transactions are temporarily considered receivables. The reconciliation process transfers these transactions from receivables to the bank account.

Step-by-Step Process for Bank Reconciliation

1. Select the Account Receive menu, then click the Bank Reconciliation submenu to open the Bank Reconciliation window.
2. To perform reconciliation, click the Insert Reconciliation button to open the Insert Bank Reconciliation Editor window.
3. Enter the bank reconciliation date in Date.
4. Enter the total reconciled transaction amount in Amount Received.
5. Enter the receiving bank account in Bank Account.
6. To add details for credit/debit card transactions, select the transaction ID in Transaction ID.
7. Add any relevant notes in Remark.
8. Click Insert to save the detail.
9. Repeat step 6 to add other credit card transactions.
10. When finished, click Save to complete the reconciliation, or Close to cancel.