Bank reconciliation ensures transactions in Sage Accounting match your bank statement, confirming your bank balance is correct.

Enter the closing balance from your bank statement. Verify all transactions match. If they do, the total of reconciled transactions plus the starting balance will equal the closing balance, showing a zero difference.

1. From Banking, open the bank account you want to reconcile.
2. Choose the Reconcile link.

Enter your statement details

1. Statement Date, enter the end date from your bank statement. 
   We only show transactions up to the statement date you enter. If transactions are missing, or you have too many transactions, check your statement date.
2. Statement End Balance - Enter the closing balance from your bank statement.
3. Reference - Add a reference such as the reference from your bank statement. This is optional.
4. Select Apply. This updates the reconciliation details below.

Reconcile your transactions

If you use a bank feed or import your bank statement, the system already selects your transactions. Simply check the balances match in the Summary section at the bottom.

To reconcile your transactions:

1. Check each transaction against your bank statement.
2. If the transaction matches, select the check in the Reconcile column.
3. To reconcile all transactions at once, and choose Reconcile All Entries from the drop-down.

As you reconcile each transaction, the reconciled balances update at the bottom of the screen.

The reconciliation is complete once you have:

• Reconciled all transactions
• The reconciled balance matches the target balance
• The difference is zero

Once the reconciliation is complete, choose Finish.

When you choose Finish, we mark all transactions as reconciled to prevent their inclusion in another reconciliation.

Find details of completed reconciliations from the Reconciliations tab.