Bank Reconcile Overview*

Written by Dana Kinsey

Last published at: May 1st, 2019

The system makes it simple to reconcile your banking, investment and credit card accounts. You can do a reconcile from Bank Reconcile or from Accounts.

Starting out you will need to reconcile each Bank, Credit Card and Investment Account to verify all transactions and balances. You can choose to reconcile your accounts at any time, although it is advisable to wait until you have your statement in hand. An accounting best practice is to reconcile all your accounts on a monthly basis.

If you start the reconcile process and need to come back, don't worry the system will save the progress you made and you will see the reconcile date that is in process and you can return to where you left off.

You can see past reconciliations by selecting the [history report] link located in the farthest right column of the Reconcile Bank Account table.