Manually reconcile a bank statement and transactions

You can keep track of your bank balances and transactions in OnBalance. If your bank statement is not an electronic statement, you can manually reconcile your transactions in OnBalance.

  1. In the Transactions screen, click Manage > Bank Reconciliation.
  2. In the Bank Reconciliation screen, click New Bank Reconciliation.
  3. Select the account and the period (Date From and Date To) that you want to reconcile.
  4. In the Type of Reconciliation section, click Manual.
  5. Click Next.
  6. Review the transactions listed in the Review Transactions screen against your bank statement.
    • If this is the first reconciliation for a bank account, you can click Yes at the prompt to automatically mark all of the transactions, if desired.
    • Mark the Reviewed checkbox for each transaction listed in the Review Transactions screen and in your bank statement that match. You can change the date of the Bank statement.
    • If you need to add a transaction from your bank statement to the list of transactions in the screen, click New Transaction; enter the transaction information in the Expense, Income, or Other Movements tab; and click Save & Close.
  7. Confirm the balance from the bank statement and the balance in the Review Transactions screen.
  8. Click Done.

When the difference to be reconciled is $0.00, you can close the reconciliation. Your bank reconciliation will appear in the list in the Bank Reconciliation screen.

To see the transactions that you have not yet reviewed at the top of the list, mark the Only unmarked transactions checkbox.

The availability of some or all of these features depends on your OnBalance contract and/or configuration.