Tax & Accounting Blog

Bank account reconciliation

Accounting Firms, CS Professional Suite Accounting & Auditing Solutions August 18, 2017

Reconciling bank accounts is a complex process, but in Accounting CS®, the Actions > Reconcile Bank Accounts screen and the Actions > Reconcile Impound Bank Accounts screen enable you to easily reconcile your bank accounts. You can download transaction data from your financial institution and then match and clear those transactions against transactions entered in Accounting CS — or you can manually clear transactions entered in Accounting CS using a printed or online bank statement.

The Reconciliation Analysis tab within the Reconcile Bank Accounts screen offers insight into an unreconciled account. Each section of the tab provides information about the account and the bank statement and tool tips, which explain where the information is coming from. To view a tool tip, hover your mouse over the text for the amount in question. The application displays a tool tip explaining where the information was obtained. Also, the Notes section suggests possible causes for the unreconciled amount.

See additional tips for troubleshooting an unreconciled amount in bank account reconciliation.