Niche-Knack

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Reconcile a statement

Match six Checking payments to a fictional October 4 statement with a $4,065 closing balance.

Download fictional practice books · View the example statement

Before you start: Open the statement-practice example books and the downloadable fictional statement.

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Leave the October 5 and 6 payments unchecked: they are outside this statement. Investigate a difference before finishing; accepting the bank balance is a separate action.

1Enter the statement details

Open Reconcile > Manual. Choose Checking, October 4, and a $4,065 closing balance.

1 · Enter the statement details. Open Reconcile > Manual. Choose Checking, October 4, and a $4,065 closing balance.Reconcile a statement — step 11
Statement closing balance. Select the image to enlarge it.

2Start reconciling

Click Start Reconciling. Compare the pending entries with your statement.

2 · Start reconciling. Click Start Reconciling. Compare the pending entries with your statement.Reconcile a statement — step 2
Select the image to enlarge it.

3Check matching entries

Check the six payments through October 4. Leave later payments unchecked.

3 · Check matching entries. Check the six payments through October 4. Leave later payments unchecked.Reconcile a statement — step 33
Statement payments checked. Select the image to enlarge it.

4Confirm zero difference

The difference is $0.00. Finish only after the statement entries and balance match.

4 · Confirm zero difference. The difference is $0.00. Finish only after the statement entries and balance match.Reconcile a statement — step 44
Difference: $0.00. Select the image to enlarge it.

5Finish and review

Click Finish. Register shows the reconciled entries as cleared.

5 · Finish and review. Click Finish. Register shows the reconciled entries as cleared.Reconcile a statement — step 5
Select the image to enlarge it.

Result: The difference reaches $0.00, and Finish marks the six matching payments as cleared.