Introduction to bank reconciliation

Reconciling your bank account allows you to ensure that your real bank balance matches your Sage bank balance.

We recommend that you reconcile your accounts, but it's not mandatory. 

Reconciling just means that you have checked that the transactions entered into Sage Accounting match the transactions in your actual bank account.

This makes sure that:

• You've entered all the transactions correctly
• The bank balance you see in Accounting Start accurately reflects the balance of your actual bank account
• Your financial reports are accurate

You can reconcile a current or a credit card account. You can't reconcile a cash account.

Reconciling for the first time

We recommend that you reconcile your opening bank balance first. This makes sure that your bank balance is correct, and matches the opening balance from your bank statement.

Click here to learn how to reconcile your opening bank balance.

Before you begin

Make sure you have your bank statement to hand

Reconcile your transactions

Now that you’ve set things up, it’s time to reconcile your bank account. 

Follow this guide to learn how to reconcile your bank account.