Finalize Reconciliation

As you reconcile a bank account, under Finalize, review details comparing your register and cash account to your statement. You can also view a breakdown of posted and not yet posted transactions.

Tip: The total under Transactions after statement date includes all cleared, posted transactions with a post date that occurs after the statement date.

• Warning — Detects when the register is out of balance with the statement (the balance must be zero in order to reconcile). You can clear the necessary transactions or create an adjustment. For more information, see Bank Account Adjustments.

• Alerts —Detect unposted subledger or general ledger journal entry transactions that may cause the GL cash account to be out of balance. We recommend posting these transactions before continuing reconciling.

To reconcile transactions, select Reconcile now. Transactions marked as Cleared on Review register will be included in the reconciliation. After the process completes, a new entry appears in the bank account's reconciliation history to reflect the most recent process, and the status for all associated transactions is Reconciled.

Tip: To save your reconciliation progress and return to it later, select Save and close.