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Reconcile Bank Accounts

Reconciliation ensures your accounts start balanced and stay balanced. Consistent reconciliation — daily or monthly — can also alert you to potential issues such as bounced checks, overdraft fees, or incorrect entries. In Financial Edge NXT, you can conveniently reconcile your bank account's register with your bank account statement from several areas:

From the Reconcile page, you can specify a statement date and ending balance, select to reconcile manually or with bank feeds, match and clear transactions, and review your register prior to reconciling.

Warning: To reconcile, you must enable cash management in the subledger settings for a bank account. For more information, see Subledger Settings.