Bank reconciliation

[yannanchen]

I created a cash account for my bank account.
At end of month, when bank monthly statement is available, how do I reconcile?

[Tut]

Read the guide:

Reconciling bank accounts

Bank reconciliations are required to ensure transactions recorded in your accounting system match transactions that appear on your bank statements. To ensure all your bank transactions are recorded correctly, you should reconcile your bank accounts regularly. To reconcile your bank accounts, go to the Reports tab. [image] Click Bank Reconciliation Statement. [image] Then click the New Report button to create a new bank reconciliation statement. [image] Set the date you will reconcile tran…

[yannanchen]

I went to the reports tab, but I could not see any bank recon stmt.
Other than reports such as income stmt and B/S etc, there was a mysterious customs report.
But when I clicked on it, it opened and showed nothing. There was a query there though.

[Tut]

Then you did not create your bank account properly or you have no transactions in it. Reports appear as they are needed and their tabs are enabled. Did you create the bank account in the Cash Accounts tab?

Set up a cash account

Cash accounts are created to record money received or spent from accounts held with financial institutions, including current/checking accounts, savings accounts and credit facilities. Cash accounts can also be used for petty cash imprest accounts and cash floats. Before you create the first cash account, you need to enable the Cash Accounts tab. To do that, click Customize under the list of tabs. [image] Select Cash Accounts option. [image] And click Update button at the bottom to confirm…