Bank Reconciliation Wizard Guide
Match your monthly bank statement lines against recorded ledger transactions using the guided reconciliation wizard.
[IMAGE - Bank reconciliation wizard showing side-by-side comparison of bank statement deposits and ledger receipts]
Reconciliation Steps
- Import the official monthly bank statement CSV or PDF.
- Match bank statement deposits and withdrawals against ledger entries.
- Record bank service charges and interest earned.
Accounting & Ledger Impact
| Account Name | Account Code (Code) | Classification | Debit | Credit |
|---|---|---|---|---|
| Bank Service Charges Expense | 5950 | Operating Expense | Fee Amount | - |
| Corporate Bank Account | 1020 | Current Asset | - | Fee Amount |
Note: Regular bank reconciliations ensure cash balance accuracy and prevent bank fraud.