Bank Reconciliation Information

Bank reconciliation - what is it, how do you use it and do you really need it? This section will try to answer all of these questions. Before you contact the helpline why not see if your query is answered in Bank Reconciliation Questions. Bank reconciliation is one of the most important routines in any accounts system and as such requires time and effort. By following the procedure To Reconcile Your Bank Statement you can use the bank reconciliation option as an integral part of your monthly routine.

Bank reconciliation allows you to check that the transactions in your Sage Line 50 accounts program match your actual bank statements. As you check these accounts, you can add adjustments for transactions you have forgotten or you can add charges that the bank has made such as interest payments. You can even make adjustments for any errors you may have made.