Reconciliation

At some point you will want to reconcile the transactions you have entered with the transactions listed in a statement, be it a bank statement, credit card statement, loan statement or any other statement. Reconciliation involves matching what you have entered with what the statement lists. If any discrepancies are found then either you or the person who created the statement have made a mistake.

To reconcile an account click on the Reconcile Ledgers icon in the account selector, choose your account from the drop down list and then click on the Reconcile button.