Reconciling Accounting Transactions

The reconcile feature is meant for reconciling accounting transactions in the Manage Module, Accounting system with transactions on your bank statements. This feature is only available for asset account types.

To reconcile:

  1. In the Chart of Accounts, double-click on an asset account to open the Transaction History window.
  2. Click Reconcile. A list of existing reconciles will open.
  3. Click Add to start a new reconcile. All transactions not yet reconciled will list.
  4. Date: Change the date to match the bank statement date.
  5. Starting / Ending Balance: Enter the Starting Balance and Ending Balance on the bank statement. The Target Change value will reflect the difference.
  6. Compare the transactions with the bank statement, and when there is a match, click in the X column. The Sum of Transactions value will change as you go.

    To quickly search the list of transactions for a specific amount, enter a value in the Find Amount field. Matching results will highlight yellow.

  7. When the Target Change and Sum of Transaction values match, check Locked to prevent users from editing the transactions.
  8. Click OK to complete the reconcile. Only transactions with an X will be saved in the reconcile. These transactions will also be marked with X in the Clear column in the Transaction History window.

To print a list of the transactions, click Print.

To edit a locked reconcile, double-click into the reconcile and uncheck Locked.