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Reconciling Bank Accounts

When you receive a statement from your bank, you can reconcile the statement with the transactions you’ve entered in Brass Jacks Bookkeeper.

Before reconciling, make sure the bank account you want to reconcile is the current bank account. For information about making a bank account active, see Changing Bank Accounts.

To reconcile a bank account:
  1. Click Reconcile Account in the Banking section of the task bar on the right.
  2. In the Bank Account Reconciliation dialog box, to use online data available from your bank to reconcile your account, click the Go To Bank Website link at the bottom of the dialog box. (For details, see Using Electronic Bank Statements.) 
  3. In the New Statement Balance box, type the closing or ending balance from your bank statement.
  4. Specify the statement’s closing date in the This Statement Ends box. (You can type the date or click the arrow to select a date.)
  5. Type any miscellaneous credits or debits, such as interest or bank charges, and select an account for the credit or debit from the Misc. Credit list.
  6. Select the check boxes next to all the deposits or credits that appear on your statement. If needed, click Deselect All to quickly clear all Cleared check boxes.
  7. Check the check boxes next to all the checks or debits (withdrawals) that appear on your statement.
    If needed, click Deselect All to quickly clear all Cleared check boxes.
  8. If there are transactions on your statement that haven’t been entered into Brass Jacks Bookkeeper, select a transaction type from the Add Missing Transaction list. In the relevant dialog box for that type of transaction, enter the necessary information and click Save. After you close the transaction dialog box, the new transaction appears in the Bank Account Reconciliation dialog box.
  9. If there are differences between the items on the statement and the transactions in the dialog box, click Pend to save your entries and close the dialog box. Then make adjustments to your transactions. When you return to the Bank Account Reconciliation dialog box for this account, all previously selected items are still selected.
  10. When the account reconciles, click OK to complete the reconciliation.

When you finish reconciling, you’re given a chance to view a report of the reconciliation that you can print for your records.