To reconcile an account for the first time using Accounting Plus

If you haven't already read the Month-end Procedures Overview, see Reconciling an account for the first time for more information.
  1. Create a Nominal Journal entry for the bank account, with a separate debit for each deposit that hasn't cleared yet and a separate credit for each cheque that hasn't cleared yet.
  2. It's unlikely that the debits will equal the credits in the Record Journal Entry window. If the Out of Balance field underneath the scrolling list shows an amount, you'll need to enter another line item with an amount that balances the debits and credits.
  3. Click Record.
  4. In the Chequebook Command Centre, click Reconcile Accounts to open the Reconcile Accounts window.
  5. Enter the account you want to reconcile in the Account field. The cheques and deposits you've entered, as well as the individual line items in the Nominal Journal entry you just created, appear in the scrolling list in the middle of the window.
  6. Enter the ending balance on the statement that your bank sent you in the New Statement Balance field.
  7. Enter the closing date that appears on your bank statement in the Bank Statement Date field. Only the transactions dated on or before that date will appear in the scrolling list.
  8. Mark all cheques and deposits that are on your bank statement; also mark the balancing amount entry you created in step 2.
  9. Click Reconcile. A window appears, indicating whether your account is reconciled or is out of balance.
  10. If your account is reconciled, you can either reconcile the account or print the Reconciliation Report.
  11. Click Reconcile to reconcile the account. Click Print Report to print the report. If you print the report, be sure to click Reconcile again to complete the reconciliation process after the report's been printed.