Bank Reconciliation
Matching your book entries against your bank statement to find unreconciled items.
How to Reconcile
Step 1: Go to Banking → Cash / Bank Book & Reconciliation. Select the bank ledger and statement period.
Step 2 — Enter Statement Balance: Type the closing balance from your bank statement.
Step 3 — Mark Cleared: Check off each entry that appears in the bank statement. Uncleared items (uncleared cheques, pending NEFT) remain unchecked.
Step 4 — Reconcile: The reconciliation statement shows Book Balance vs. Statement Balance with the uncleared items explaining the difference. Print or export the reconciliation.
Common Unreconciled Items
- Cheques issued but not yet presented by the payee
- Deposits in transit (sent but not credited by bank yet)
- Bank charges or interest not yet entered in books