Match an account to its bank statement
On the Close page, upload the account's statement. Accountable matches it to the books, fixes what the statement proves, and asks one question if anything is left.
Steps
Step 1: Open Close and click the account under Reconcile. The Reconcile account panel opens.
Step 2: Press Upload statement, or type the Ending balance on the statement.
Step 3: Accountable matches the statement to the books by itself: it adds rows the feed missed, keeps payments still on their way as in transit, removes copies a second connection sent, and books small bank fees. What Accountable did lists each fix with Undo.
Step 4: If something is left, the panel asks one question with the amount and the closest payments. Add the row with Add from statement, fix the entry, or upload a complete statement.
Step 5: When the difference is $0.00 the account is signed off.
Good to know
- Accounts with a live feed usually tie on their own; the check confirms it against the statement.
- Accountable never changes a closed month, and a fix you undo is asked about instead of applied again.
- Close history shows Reconciled through for each account.