Banking - Account Reconciliation
Account reconciliation balances the phreebooks cash account with your financial institution.
Account Reconciliation
- Open the account reconciliation screen by selecting Banking->Account Reconciliation.
- Select the cash account to reconcile.
- enter the ending balance in the Statement Ending Balance box. The unreconciled amount will appear in the Unreconciled Difference box.
- Check the box next to the item as cleared that appear on you financial institutions statement.
- After checking all cleared items, the Unreconciled difference should be zero. If not recheck you checked boxes with your statement and correct any errors.
- Press the Save icon to save your changes.