From the Bank Accounts main page, there are two ways to access the Bank Reconciliation Report:

  1. Click the cog icon to view reports/sections associated with that bank, and click 'Bank Reconciliation'.

  2. Simply click the reconciled status button or unreconciled status button to go straight to the Bank Reconciliation Report for that bank shown as a green tick or a red 'x' to the left of the cog icon.

  3. There is also a link from the bank's own homepage.

Quick demo of a reconciled and unreconciled Bank Reconciliation Report

Why a Bank Reconciliation Report might show 'Bank is not reconciled'

Firstly, remember that the transactions you add via 'Bank Statement batches' must be exactly as they appear on the bank/financial account statement. Therefore, if you click to view the 'Bank Statement' report, it should replicate the transactions in the bank statement exactly.

You can access the 'Bank Statement' report from the Bank Reconciliation Report by clicking the figure shown below:

The main reasons for a 'Bank is not reconciled' status:

1 - There are unmatched transfers in the bank account:

  • You will get this warning message in the Bank Reconciliation Report if this is the case:

  • In this case you need to match transfers with the other bank statement data

2 - Some bank statement data is still unposted on the account, meaning some lines haven't yet been coded to the General Ledger:

  • This will be highlighted to you in pink on the Bank Reconciliation Report itself, similar to this:

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