The Bank Reconciliations tab in Manager helps you verify that all transactions recorded in your bank account within the software accurately reflect the transactions on your bank statement. Regular reconciliation ensures your financial records remain precise and reliable.
To create a new bank reconciliation, click on the New Bank Reconciliation button.
The Bank Reconciliations tab provides the following key columns:
Date: Shows the date on which the reconciliation is performed.
Bank account: Displays the bank account currently being reconciled.
Statement balance: Indicates the closing balance from your bank statement for the reconciliation date.
Discrepancy: Highlights any differences between your bank statement’s closing balance and the sum of cleared transactions in Manager up to your reconciliation date. A discrepancy of zero indicates full reconciliation.
Status: Shows whether the account has been reconciled ("Reconciled" if the discrepancy is zero; otherwise, "Not reconciled").
Click on the Edit columns button to customize which columns appear in the tab.
For further details on customizing, refer to Edit columns.