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Bank Account Reconciliation

  • 5 Min.

You reconcile your bank account from the Bank Account Reconciliation page which you can access from the Role Center. Under the Continia Banking Activities CueGroup, select the Bank Account Reconciliations Cue.

CB Role center banking activities Bank acc reconciliations cue

You can choose to either open an existing reconciliation or create a new one.

From the Bank Account Reconciliation page, you can perform any action needed during the reconciliation process, such as:

  • Importing your bank statement files
  • Applying ledger entries or creating new ones
  • Creating search rules to improve automatic matching
  • Transferring amount differences to specific journals
  • Posting any journal lines created during the reconciliation

When you import a new bank statement file, the transactions from the file appear on the left side of the reconciliation page (1). On the right side, the ledger entries that are available for the specific bank account and for the specified date, are listed (2).

CB Bank Account Reconciliation page

Each bank statement line has a specific status (3) that indicates whether it has been automatically applied or if further actions are needed from you before the reconciliation is complete and ready to post.

Note

For details about what each status means, please refer to the article The Reconciliation Statuses in the Bank Account Reconciliation

As you work through the reconciliation, any missing journal lines will automatically be created in the journals linked to the specific reconciliation. You'll be able to keep track of how many under the General FastTab, under Related Lines in Journals section (4). The number indicates how many journal lines have been created for this bank account reconciliation, and if you select the number, you can see all the relevant details directly in the journal.

Lastly, in the action bar, (5) you'll find an array of various actions useful during the reconciliation, such as manual matching or manual creation of rules or journal lines.

Note

Continia Banking uses notifications to assist you trough the entire reconciliation. You'll experience, for example, a notification suggesting you to transfer amount differences to a journal line, which you'll be able to do with a single click.

Import bank statement files

You have a few different options for importing bank statement files into a bank account reconciliation:

  • Import and Match New Bank Statement: Use this action to import a statement and start the reconciliation process by letting the system identify ledger entries and search for matches.

  • Import New Bank Statement: Use this option to import the bank statement but not start the matching process automatically.

  • Import Existing Bank Statement: Use this option in situations where you need to re-import the same statement file again. Before you re-import a file, make sure to delete any bank statement lines in the reconciliation, and in the action bar select Actions > Functions > Delete and set as imported.

CB Bank Account Reconciliation page import options

Note

When you initiate the import, a dialog box appears, either prompting the you to select a file or provide information related to communication with the bank. The content of the dialog depends on whether the bank account uses direct communication or not.

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