Until now, there was no report to explain difference between balance as per bank statement and balance as per balance sheet. Even if bank account is reconciled, due to uncleared deposits and uncleared payments, the balances between bank statement and what Manager shows could be different. New “Bank Reconciliation Statement” explains the difference as at specific date.
In future, bank reconciliation statement will probably play much bigger role. Right now, bank reconciliation workflow is done from “Bank Accounts” tab in rather unintuitive way. In future versions, bank reconciliation workflow could be started from bank reconciliation statement itself.