The Reconcile Screen

 

 

Account To Reconcile: This is the account you are reconciling.

Statement End Date:   This is the ending date on the statement.

Opening Balance: This is is the previous ending balance & is supplied by the program.

Statement End Balance: This is the ending balance on the statement you are reconciling.

Service: enter the amount of any service fee or charge on the statement.

Date: Enter the date the service fee was posted.

Acct: Provided by program, this is the account you are reconciling.

Interest: Enter the amount of interest you received on the account.

Date: enter the date the interest was posted.

Acct: Provided by program, this is the account you are reconciling.

Deposits and Other Credits: This will be a list of the deposits and credits since the previous statement.

Checks and Payments: This will be a list of checks and electronic deductions from the account.

Cleared: Click (check) this box if the item is on the statement.

Date: This is the date the item was posted to the bank.

Check #: This will be the check number (does not apply to deposits)

Charge To Account: This is the Charge To for the transaction listed.

Memo: This is the memo that appears in this transaction

Amount: This is the amount of the item.

View: Link that will take you to the transaction on the Income & Expense section.

 

Number of items - Check & Payments - Amount is a negative this is deducted from the starting balance.

Number of items - Deposits & Credits  -  Amount is a positive and is added to the starting balance.

 

Ending Balance - The amount you entered from the statement for the ending balance.

Cleared - The amount you have cleared (Starting Balance + Deposits & Credits - Check & Payments

Difference - The Ending Balance -- Cleared this should equal zero when you are reconciled.