This is the traditional bank reconciliation method. It involves comparing your book entries recorded in your accounting with the paper statement provided by your bank.
This article covers the following topics:
Reconcile manually
Overview
This method is a great way to get started with bank reconciliation. It's the simplest approach: you compare your bank statement against the software and point entries directly in it.
It's especially handy if you're picking up reconciliation mid-process, just a few days before your accounting period closing.
Select this method
To select the manual method, go to Accounting > Bank > Import from your bank.
You will land on this page:
Click on the reconciliation method "Manual (paper statement)". Then leave the page and start your reconciliation.
Steps to follow
For example, open your January bank statement from the Accounting > Bank > Bank reconciliation page and compare:
- Each transaction listed on your paper statement;
- The book entries recorded in your accounting for that same month.
Click Point for each book entry that matches a transaction on your statement. The amounts and dates should generally match for the entry to be reconciled.
Once reconciled, the entry will appear in the Pointed section at the bottom of the page.
Point manually in a statement with transactions
Manual reconciliation can also be useful when it's impossible to import certain transactions — for instance, if not all transactions are included in your import file or in Linxo.
In that case, here's what to do:
- Check the entry you want to reconcile once you identify it on your paper statement;
- You can then point it without selecting a transaction;
- Click Reconcile to confirm.
Having trouble importing transactions? Check out this article.
Want to go further?
Your complete guide: bank reconciliation on Springly
This guide combines theory and hands-on practice.
With tips and screenshots, it walks you through bank reconciliation in Springly. Enjoy!
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