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Gnucash 2.4 Small Business Accounting by Ashok Ramachandran

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Time for action - reconciling with a printed monthly statement

Let's say that you just received your monthly bank statement in the mail. We are going to use the transactions listed by the bank and the closing balance shown by them to verify that we didn't overlook any transactions while making our entries. In this tutorial, we will reconcile the closing balance shown in the printed bank statement. We will verify whether the checks that appear in the bank statement are indeed in your books and make a note of a check that you wrote towards the end of the month that has not yet cleared.

  1. Open the account register of the account you want to reconcile, in this case, Assets:Current Assets:Checking Account.
  2. Click on the toolbar button, Reconcile. You can ...

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