TamilAccounting

Reconcile

Reconcile is the final validation in banking. You match your records against the official bank statement, tick off what has cleared, and drive the difference between the two balances to zero — which is how you know the account is right rather than merely plausible.

Where to find it

Go to Banking > Reconcile.

Reconciliation Header & Setup

Field	Description
Account	The bank or cash account being reconciled.
Statement date	The date on the bank statement you are working from.
Statement balance	The closing balance the bank shows. This is the figure you are reconciling to.

Live Totals & Variance

Figure	Meaning
System balance	What your records say the account holds.
Reconciled total	The value of everything ticked as cleared.
Statement balance	What the bank says.
Difference	The gap. The target is zero.

Transaction Matching List

Every unreconciled transaction on the account, each with a tick box. Tick the ones appearing on the statement and the difference updates live.

Reconciliation Actions

Select the account and enter the statement date and closing balance.
Tick each transaction that appears on the statement.
Watch the difference fall toward zero.
Investigate whatever is left over.
Save the reconciliation once the difference is zero.

When the difference will not clear

Cause	What to do
On the statement, not in the system	Bank charges, interest or a direct debit nobody recorded. Enter it as a payment or deposit.
In the system, not on the statement	A cheque not yet presented, or a transfer still in flight. Leave it unticked — it will clear next period.
Amounts differ slightly	A bank fee deducted from the transfer, or an exchange difference on a foreign currency account.
The same transaction twice	Entered manually and also imported. Void the duplicate.

Do not force a reconciliation by adjusting the balance. The difference is a real discrepancy, and writing it off hides the transaction that caused it — which will surface again next month, harder to trace.

Bank Inquiry — the account ledger
Imported Bank Inquiry — statement lines loaded from file
Bank Import Pre-settings — auto-categorising statement lines
Bank Statement Import — loading a statement

Previous Bank Inquiry Next Imported Bank Inquiry