Get Started

Under Get started, you can prepare reconciliation with the details you need in one place. Review the last reconciled date and balance, then enter your statement date and ending balance to move into matching and review with less manual effort.

Note: For an account that has never been reconciled in Financial Edge 7 or Financial Edge NXT, enter the last manually reconciled balance for the Starting balance, or the beginning balance. Note that this balance may be zero.

Select the method that fits your workflow:

• Using bank feeds (recommended) - Use this option when bank feeds are enabled and an online bank account is linked to this bank account in Financial Edge NXT. This can reduce manual matching and help you reconcile faster.

• Manually - Use this option when bank feeds are not enabled.

Warning: Alerts detect unposted subledger or general ledger journal entry transactions that may cause the GL cash account to be out of balance. We recommend you post these transactions before continuing with the reconciliation process.

To pause and return later, select Save and close. Your progress saves so you can continue where you left off. If you do not select Save and close, only adjustments and bank drafts are saved. To cancel your progress and start again, select X in the top-right corner.

Tip: Use estimates at the bottom of the page to quickly gauge your cleared transaction balance and GL cash account balance up to this point.