Reconciling bank statements

Use this procedure to view statistical information about the bank statement and the bank statement lines before performing the Load and Reconcile action. You can reconcile bank statements by account or by statement.
  1. Select Statement Processing > Statement Reconciliation.
  2. Open the bank statement.
  3. Validate that the bank statement has no exceptions. If exceptions exist, then you must resolve them before continuing.
  4. Click Load And Reconcile.

    This action is used to include all of the statement lines, match the transactions, and show the unmatched transactions.

    Note: If statement line details are defined, then these transactions are used in the load and reconcile process instead of the statement line.
  5. When the status of the bank statement is automatically changed to Reconciled, no further action is required.
  6. When the status of the bank statement is Unreconciled, click Reconcile By Statement or Reconcile By Account to perform other reconciliation processes.