Bank Reconciliation

Bank Reconciliation

Bank Reconciliation

Bank Reconciliations compare your records with the bank’s records – ensuring that both agree. These generally happen on a monthly basis when the statement has been received. To create a bank reconciliation, grab your bank statement and head over to Bank – Bank Reconciliation.


Completing a Bank Reconciliation

  1. Navigate to Bank→ Bank Reconciliation.
  2. Click Create.
  3. Choose the Bank Account from the drop down list.
  4. Enter the Statement Date.
  5. Enter the Beginning Balance reported by the bank on the statement.
  6. Enter the ending balance reported by the bank on the statement.
  7. Click Refresh to see the transactions recorded in CustomBooks™ during this time span.
  8. For each transaction listed, find it on the statement and click Cleared.
  9. Compare the figures at the bottom of the screen to ensure that the difference is $0.
  10. Click Post and Close to save the Reconciliation or Save to save a draft.


Bank Reconciliation in CustomBooks™
  • The beginning balance on the reconciliation refers to the ending balance from the prior period’s reconciliation. It does not necessarily reflect the balance of the general ledger or bank.
  • Transactions that have been accepted in Cloud Banking will appear with the check box checked.

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