Banking - Account Reconciliation

Account reconciliation balances the phreebooks cash account with your financial institution.

Account Reconciliation

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