To reconcile an account

The Reconcile Accounts window should be displayed. (To find the Reconcile Accounts window)

Note:  If you're reconciling for the first time

1. Enter or select the account you want to reconcile in the Account field, and press tab.



2. Enter the ending balance that appears on your bank statement in the New Statement Balance field.

Note:  Be sure the balance you enter is the ending balance!

3. Enter the closing date that appears on your bank statement in the Bank Statement Date field. Only unreconciled transactions dated on or before that date will appear in the scrolling list.

Note:  Use care when entering the date in the Reconcile Accounts window

4. Click the Bank Entry button to open the Record Service Charges and Interest Earned window and enter any bank service charges you owe and any interest that you earned. (To record bank service charges and interest earned)

If you've already entered the bank charges and interest transactions in AccountEdge before opening the Reconcile Accounts window, skip to step 6. These transactions should already appear in the transactions list.

5. Click Record. If you need to record additional bank charges or fees, click the Bank Entry button again.



6. Mark each transaction in the scrolling list that appears on your bank statement. (Transactions entered using the Bank Entry feature are automatically marked as cleared.)

Note:  You may edit, delete or reverse entries using this window

7. Click the Reconcile button. A window appears, indicating whether your account is reconciled or is out of balance.

Note:  Out of balance information -- reconciling accounts

8. If your account is reconciled, you can either reconcile the account or print the Reconciliation Report.

To reconcile, click the Reconcile button; the transactions you marked are considered "cleared," and won't show up in the Reconcile Accounts window the next time you open it. To print the report, click Print Report. If you print the report, be sure to click Reconcile again to complete the reconciliation process after the report has been printed.

Note:  If you print the Reconciliation Report, the reconciliation is not complete until you click the Reconcile button again.