Account Reconciliation Report
Use Account Reconciliation Report in the Accounting business area in Menu > Reports to compare the statement ending balance with reconciled and unreconciled activity for a selected accounting period and bank account. The report calculates an expected ending balance and shows the Out of balance difference from the imported or manually entered statement balance.
The report contains the following values:
- Total Reconciled QuickStart balance is the balance of reconciled transactions in QuickStart.
- Balance decreases is the total of unreconciled negative general ledger transactions.
- Balance increases is the total of unreconciled positive general ledger transactions.
- Unreconciled bank transactions is the total of imported bank transactions that have not been reconciled.
- Expected ending balance is the balance calculated from the reconciled QuickStart balance, unreconciled general ledger transactions, and unreconciled bank transactions.
- Statement ending balance is the ending balance from the imported bank statement.
- Out of balance is the difference between the expected ending balance and the statement ending balance.
If you need to compare the report with a different statement balance, enter an Ending Balance and select Apply. Select Clear to remove the manually entered balance.