Perform a Bank Reconciliation

Bank Reconciliation is a crucial process that ensures your financial records match your bank statements. This step helps identify any discrepancies and maintain accurate financial data.

1. Navigate to Accounts > General Ledger > Process and then select the Bank Reconciliation item. SapphireOne will display a Bank Accounts alert, which will display a list of bank accounts currently established in the data file
2. From this list of Bank accounts select the required bank account and select the OK button.
3. A second FX Bank Account alert will be displayed so that from her the user has two choices.
   • Select the Main Bank Accounts in the Local Currency.
   • Select one of the FX Bank accounts in the data file.
4. Select the transactions to process. A tick or + icon (device dependent) will be displayed in the last column on screen. This indicates that the transaction has been selected for the Reconciliation process.
5. Enter the Actual Closing Bank Balance from the bank statement in the data entry field provided.
6. Verify that all is correct and Click the Process button at the lower right hand corner of the screen.
7. The Bank Reconciliation will immediately be executed by SapphireOne.

For more details, visit the Accounts > General Ledger > Bank Reconciliation article.