I work with non profits , and other organizations, one of the main reports required by funders and board of directors on a monthly basis is your bank statement bank reconciliation statements/report ,gl, income statement, manager is a great program which I have recommended to many businesses owners please consider adding a print out of the report when completed. A bank reconciliation statement may be old fashioned to some but for the rest of us it extremely important. I do hope the techs at manager do give this some consideration, it is not necessary to save all reconciliations but be able to print the present on and the prior month. or just consider allowing a print out of the report, some of us really do need this feature
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Hello @andreaj1001,
You can generate such a report by printing out the Bank Reconciliation view screen as well as the following tab data:
- Bank and Cash Accounts >
Cleared Balance
Good day Ealfardan
thank you for your response, I will look at it today
The view does not show the transactions that were included in that reconciliation. Only closing balance as per bank statement.
This shows them 
You (or your clients) seem to misunderstand the purpose of reconciliation. See my post #6 above.
As an accountant here, and user of Manager for ~3 years, I can attest that I agree with those who would like to see a report like this.
The purpose of a bank reconciliation - or reconciliation of any kind - is to ensure that the debits and credits to the account match transactions records generated by another recordkeeping system. The assumption that I assume Manager works on, is that one will review the underlying transactions in the Manager bank account before completing the reconciliation form; however, one’s accounting system records could be vastly incorrect, and still match the balance as of month end - for example: if a business were to receive an advance from a customer to buy materials, and disburse funds to their supplier in the same month for the same amount, or receive an investment from an owner of the business to purchase assets, and purchase the asset in the same month, in both case the bank account could show reconciled while the accounting records are inaccurate.
So, in summary, while I do appreciate Manager’s current reconciliation system, it would be much more robust if all cash transactions have a state of being reconciled or unreconciled. Another program I have used has a field for this. Then all a user has to do is to review the account in Manager and select a box to mark the transaction as reconciled, then produce a report which shows all the transactions on that report, or during a specified time period, which are marked as reconciled.
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Hi, Either I do not understand the basis for accounting or I do not understand the line of thinking which accountants follow.
My point: 1. Once you reconciled, a reconciliation report is of no value; for management/directors… merely produce a screen print of the reconciled status report with copy of the bank statement reflecting the correct balance as at reporting date; 2. The reconciliation in itself does not provide for accurate accounting (allocation) of transactions as is suggested in Acct1’s post - or does it?.
Hi @GerhardBez,
It depends.
Reconciliation isn’t an end-all-be-all solution to accounting as you alluded to here:
However, reconciliation is an essential part of the process of achieving both Existence and Completeness objectives of accounting – which brings us back to your earlier point
It does have a value depending on what you are trying to achieve. For example, ensuring 1:1 correspondence between bank and books could be an objective to be demonstrated by such report.
Thank you for taking interest in my remarks.
Me thinks that if an employee follows a deliberate approach to match values only in a reconciliation, as opposed to combine the matching exercise with the references that goes with those values, the example which was raised by @Acct1(which gave rise to my remarks) might be quite valid. This essentially ties up with your view.
However, the primary aim of reconciling the bank account of a business is to ensure that the cash balance in the company’s internal accounting records (the cash book) precisely matches the cash balance shown on the bank’s statement.
Keep well.
Yes, but I would say, more specifically, it is to ensure that the cash transactions in the company’s internal accounting records match the transactions on the bank statement.