Review the bank statement and source entries before producing the month’s reports.

1. Choose the account and period

Open Accounting → Bank Reconciliation. Reconcile the intended account using the statement’s dates and closing balance.

Choose the correct bank account and whether to start or resume its reconciliation.
Choose the correct bank account and whether to start or resume its reconciliation.

2. Import and match

Import the statement, check date and amount mapping, and match bank rows with actual recorded receipts and payments.

3. Resolve exceptions

Investigate unmatched rows, duplicates, fees, and differences. Correct the appropriate source record rather than creating another receipt or an unexplained balancing entry.

4. Review month-end reports

Open Profit and Loss, Balance Sheet, and Trial Balance with the intended period, basis, and currency.

Review the report scope and the income and cost totals before sharing month-end figures.
Review the report scope and the income and cost totals before sharing month-end figures.

5. Finish and preserve the review

Close the reconciliation after the checks agree, export the reports or Report Pack, and have the owner apply any agreed period lock.