Bank reconciliation verifies that the data on your bank statement matches your recorded journal entries. This verification process ensures the accuracy of recorded transactions and makes it possible to identify errors and omissions. Bank reconciliation is not the same concept as matching. Matching makes it possible to combine movements in opposite directions. For example, matching …
You have several bank accounts within the same bank. You want to link an additional account.
Managing bank accounts starts with adding a bank and associating a general ledger account with it. Synchronizations between the application and the bank accounts make it possible to record entries without having to manually enter them.
During synchronizations, bank transactions are retrieved from your bank in order to offer you financial entries ready to be recorded and matched.
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