Manual bank reconciliation

This is the traditional method of reconciliation. It consists of comparing your bookkeeping entries with the paper statement provided by your bank. 

This article covers the following points: 

• Manual reconciliation
• Manually point statement 

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Manual reconciliation

Principal

This method is suitable to start your reconciliation smoothly. It is indeed the simplest approach: you compare your statement with the software and punch in the latter.

This is ideal if you are reconciling during the course of the year and are only a few days away from your closing date.

Select this method

To choose the manual method, go to Accounting > Bank Reconciliation > Import from your bank.

You will then arrive on this page: 

Click on the "Manual (paper statement)" reconciliation method. Then exit the page and start your reconciliation. 

Steps to take

For example, open your August bank statement from the Accounting > Bank Reconciliation > Bank Reconciliation page and compare: 

• Each transaction in your paper statement.
• The entries are recorded in the accounts for the same month. 

Click Point for each accounting entry that matches a transaction listed on your statement. The amounts and dates should match to be reconciled. 

When brought together, the writing will be displayed in the Dotted block at the bottom of the page. 

Manually point statement of operations

Manual reconciliation can also be used if you are unable to import certain transactions. This can happen if the transactions are not all in your import file or in Plaid. 

In this case, here are the steps to follow: 

• Check the entry to be reconciled if you identify it on your paper statement. 
• You will be able to point it without checking any operation. 
• To do this, click on Reconcile.