Reconcile a bank statement

A bank account in Degresh Finance is an asset account that isn’t a group. Open Bank reconciliation and choose the bank account. Importing a statement needs Write access or higher.

1. Get the template

   Choose Import a bank statement, then Download the template and copy the bank’s lines into it.

2. Choose the account and the file

   Fill in the Opening balance or Closing balance if the file has no Balance column. Left empty, the period runs from the first line’s day to the last line’s day.

3. Check the file, then import

   Choose Check the file. Lines imported before are skipped; fix any errors marked in the file, then Import.

Choose Match the lines. On one side are the Statement lines, on the other the Journal lines for that account.

• Suggestions — same amount and direction, at most 3 days apart. Nothing is matched until you choose Accept or Accept all suggestions.
• By hand — pick lines on both sides until The two sides are equal, then Match.

Bank charges, interest and tax usually aren’t in the books yet. On that line, choose Create an entry from this line, pick the other account (such as bank charges expense), then Create entry. The entry is posted and matched at once — or waits for approval when approvals are on.

Choose Start a reconciliation with the statement date and balance. The reconciliation page shows the Balance per bank and Balance per books with their adjustments: deposits in transit, outstanding payments, and items in the bank that aren’t in the books yet.

When the Difference reaches zero, choose Finish.