Reconciliation

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Welcome

We hope that the new reconciliation recovery facility will save most of the problems below but it can only start to be used once you have successfully reconciled.

Reconciliation causes users more headaches than anything else and after failing to get the correct balance after hours of work you begin to doubt the package. We are not aware of any current problems which would affect reconciliation calculations.

	Make sure you’re running the latest version of the accounts package. You can check the version by clicking Help—About
	Always take a backup after reconciling with your bank statement. This means you can always restore this, which gives you a base to start if you have problems with a later reconciliation.
	Reconcile each entry on the bank statement in order and then check that the reconciliation figure on the package matches the balance on the bank statement. This will only apply if you’re using Option 1 above.
	Check that no Direct Debits have been entered twice
	In main Cashbook View (the one that is on the screen normally) click the button at the top of the Text column and this will sort the items in alphabetical order so making it easier to find duplicates.
	F4 pressed twice printed out is a useful printout.

The following is a good check that the package’s arithmetic is correct:-

Do a Quick Report in Reconciliation View by pressing <F12>. Then take the Reconciliation Balance + the total in the Amount column of Quick Report (if this is a -ve figure you subtract it) and this should equal the closing balance.