Re: How to reconcile the imported bank transactions against the cash transaction
Hello,
How do I reconcile (cross reference) the imported bank transaction against the entered cash transactions?
You do not. Cash and bank transactions are completely separate. Cash transactions are not associated with statements. They are verified by counting cash on hand.
One way is to allocate your Bank account’s imported bank transactions (cash deposited or cash withdrawn) to a Cash Clearing account and then also allocate those Cash account’s Receive Money or Spend Money transactions to the same Clearing account.
These contra transactions will cancel themselves out so when the Cash Clearing account is showing a nil / zero balance then it would be reconciled.