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SISC Suite help centre›Accounting

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Tick your books off against a bank statement

Know before you start that there is no import and nothing guesses a match for you: SISC cannot read a bank file yet, so there is no import. Type the closing balance and the lines from your statement, then tick off what the bank has seen. Nothing here guesses a match for you.

You need

  • accounting.banking.update

Steps

  1. Open Reconciliation and press New reconciliation — or use Reconciliation to carry on with one already open.
  2. Choose the Account, set Statement from and Statement to, and type the Closing balance per the bank. As printed on the statement. Negative if the account is overdrawn.
  3. Under What the bank says, press Add line for each line on the paper. The lines as they appear on the statement, typed in. Positive is money in, negative is money out.
  4. Work down In your books, not yet on a statement and press Tick off on everything the bank has seen. Cheques nobody has presented, deposits still in transit. Tick one off when it appears on the statement. Use Undo tick if you tick one in error.
  5. Watch Difference as you go. What the bank says, less what your books say has cleared. Shown exactly and never rounded — a bank charge you have not recorded, or an entry the bank has not seen, is the usual reason.
  6. When it is right, press Complete this reconciliation. Freezes this sheet: its ticks and statement lines can no longer be changed. A difference stays on the record rather than being hidden.

An entry clears exactly once, here or on an earlier sheet: That entry has already been ticked off, here or on an earlier reconciliation. An entry clears once — otherwise the same money counts as cleared in two months and both would appear to balance.

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