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Bank Account Reconciliation

Bank Account Reconciliation is the process of comparing the accounting records of your cash account in the system to the corresponding bank statement. The goal is to match the records and adjust any discrepancies if necessary, ensuring the system reflects accurate balances.

How to Perform Bank Reconciliation​

Navigate to the Bank Reconciliation Page​

Accounts Bank Reconciliation

Select Date Range and Account​

Once on the Bank Reconciliation page, select the desired date range and account name for the reconciliation search.

View Voucher List​

After clicking the search button, a list of all the vouchers along with their dates will be displayed. These are the vouchers you need to reconcile.

Reconcile the Balances​

You'll notice a red mark next to the balance date in the system. Select the date to reconcile the entries, and the application will automatically adjust the amount for that date.

Checking the Reconciliation Entry in Report Format​

Generate Bank Reconciliation Report​

On the Bank Reconciliation page, you will see a reporting button in blue on the top right corner. Click on it to go directly to the reconciliation reporting section.
Alternatively, you can navigate via Print Accounting Bank Reconciliation.

Select Date Range for the Report​

Choose the date range for the report and click Preview or Print to generate the reconciliation report.

Report Details​

The generated reconciliation report will display:

  • Reconciliation Entries: All the reconciled entries will be shown, including the debit amount and total balance.
  • Voucher Details: Each entry will show the reconciled status, allowing you to track the reconciliation progress from start to finish.