Bank reconciliation

Table of Contents:

View Bank Transactions
Reconcile a Bank Account
Mark Transactions as Reconciled
Mark Previously Presented Transactions as Unreconciled
View Transaction and Reconciliation Reports
Lock your Bank Reconciliation

View transactions for a bank account

Click on the Columns button to select which columns appear on the page, as well as determine the column and sort order. Click here to learn more.

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How to reconcile a bank account

When the Un- Reconciled amount is Nil, the bank account is in balance.

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How to mark transactions as reconciled

There are two methods to reconcile a bank transaction.

Manual reconciliation
Automated reconciliation

Manual reconciliation

If your bank statement transactions are not in the system, you can easily mark transactions in Accountability for each bank account as Reconciled if they are shown on your physical bank account statement.

Steps:

Navigate to ACCOUNTING > General Ledger > Bank Reconciliation.
Select a BANK ACCOUNT NO.
Click the transaction(s) which have been reconciled on your bank statement.
Click Reconcile.
Enter or Confirm the transaction Date Reconciled on the bank statement.
Select OK to Confirm Reconciled?

Automated reconciliation

Bank statement transactions can be imported into the platform and automatically matched against the corresponding GL transactions based on the date and amount.

Bank transactions can be imported through these methods:

Import template - Click on the Import Statement Transactions link at the top of the page.
Automated bank feed - Contact support@counta.com for details.