Bank Reconciliation (New Vers.)

Quickly match your bank transactions with Biztory records to ensure accuracy, track unpresented cheques, identify discrepancies, and maintain up-to-date financial statements.

1. Click on Cashflow and select 'Wallets'

2. Click on Edit or Add New

3. Enable 'Do bank reconciliation for this account'

4. Click on Save

5. Click on Cashflow and select 'Bank Reconciliation'

6. Select a statement date

7. Click on the settings button

8. Filter an account

9. Click on Apply

10. Now you can compare your Bank Statement details with the system's records. 

11. Tick the checkbox(es)

12. You should key in statement balance (as stated in your Bank Statement) here to see the difference between the two

13. A proper bank reconciliation should always result in zero difference

14. Click on Save

15. The status should show as Reconciled

(You will most probably encounter some records that are not booked in the system which results in a difference the Statement Balance and System Balance. These records usually consist of bank charges and bank interest. You can create Expenses for bank charges and/or create Journals for bank interest to make the system balance tally with your bank statement. Don't forget to reconcile these records too.)

16. To export the Bank Reconciliation report, click on the three-dot menu

17. Choose to print, export to Excel or CSV