Starting a Manual Bank Reconciliation

If this is the first reconciliation for the selected bank account, you must specify an opening balance first. See About Bank Reconciliation for more information.

Warning:

Ensure that your current company The company in which you are working. This is represented by the company queue to which you, and new instances of objects you create, are assigned. is the appropriate company for the relevant bank account. This means that you must set the company associated with the bank account as your current company The company in which you are working. This is represented by the company queue to which you, and new instances of objects you create, are assigned..

To manually create a new bank reconciliation The process of comparing and matching transaction values against those shown on a bank statement in order to uncover any possible discrepancies. record:

1. From the Bank Accounts tab, locate and select the relevant bank account.
2. Scroll down to the bank reconciliations related list.
3. Click New Bank Reconciliation.
4. Complete the bank reconciliation details including the statement date and closing balance as shown on the bank statement.
5. Click Save.

Alternatively, in Lightning Experience, you can create a manual bank reconciliation from the Bank Reconciliation tab

1. Click the Bank Reconciliation tab.
2. Click New.
3. Complete the bank reconciliation details including the statement date and closing balance as shown on the bank statement.
4. Click Save.

The next steps are:

• Record any bank and interest charges shown on the bank statement.
• Reconcile existing transaction A record created when documents are posted to the general ledger. Transactions must balance (sum to zero) in home, dual, and document currency. line items against the details shown on the bank statement.