A bank reconciliation is the process of matching your computer bank records with the bank statements.

This ensures that all the transactions which have gone through the bank are entered on Sage.

Bank reconciliations should be completed regularly (usually monthly).

To Reconcile your Bank Statement

1. Select Bank from the Toolbar.
2. Select the bank account to be reconciled and click Reconcile.
3. Enter the date of your bank statement in Date box.
4. Enter the closing balance from your bank statement in the Statement End box.
5. Check that the figure in the Opening Balance box is the same as the one on your bank statement. If it is not then the previous statement was not reconciled properly and you will have to perform this process on the previous statement.
6. Work through your bank statement one line at a time. Highlight each transaction in the Bank reconciliation window as you mark it off on the bank statement.
7. Any transactions shown on your bank statement which have not been shown in the Bank Reconciliation window need to be entered onto Sage straight away.
8. When you are satisfied that all the transactions on your bank statement have been selected on your Bank Reconciliation window and that the Reconcile Balance figure matches the closing balance on your bank statement then click Save.

Job done!