How to Reconcile a Bank StatementTo reconcile a bank statement, click menu Tools > Reconcile Bank Statement, then select the bank account you want to reconcile (usually 'Cheque Account'). The Bank Reconciliation window will be shown:
The aim of the Bank Reconciliation window is to have the Bank Balance column match the balance printed on your statement.
For each transaction on your printed bank statement:
- Tick the matching transaction in the window. If there is no matching transaction,
create a new one by selecting 'New Deposit' or 'New Withdrawal'.
- If the position of the transaction in the window list does not match your statement, use
the Up and Down buttons to re-order it. You can also re-order transactions
by dragging with the mouse.
- Confirm that the Bank Balance for that transaction now matches your statement. If
it doesn't match, check the previous transactions until you find a discrepancy. If there
are no previous transactions, check that the Opening Balance for the account
matches the opening balance on your statement.