Overview
The reconciliation list and begin reconciliation screens help users start the bank reconciliation process with the correct bank account, statement date, and opening values.
Where To Find It
Path: Banking > Reconciliations
Access depends on the module, company setup, and security permissions assigned to the user.
How It Works
Users review the available reconciliation records, start a new reconciliation when needed, enter the statement information, then continue to the matching and clearing stage.
Main Areas
| Area | What It Means | When To Use It |
|---|---|---|
| Filters and search | Limits the list to the records the user needs to review. | Use it before opening records from a busy list. |
| Result list | Shows matching records with key dates, references, names, and amounts. | Use it to identify the correct record and compare activity. |
| Open and follow up | Opens the selected record or leads to the next action. | Use it when the list result needs more detail or action. |
Recommended Workflow
- Open the reconciliation list and choose the bank account or period.
- Review existing reconciliations before creating a new one.
- Start the reconciliation and enter the statement date and statement balance.
- Confirm the opening information before continuing.
- Proceed to clearing and review using the normal reconciliation workflow.
Best Practice
- Start reconciliation only after the bank statement is available.
- Use the correct statement date and ending balance.
- Review prior reconciliations before beginning a new period.