It's crucial to make sure that the cash balances on your organization's balance sheet are matched to your bank account statement. This process is known as bank reconciliation. Bank Reconciliation helps to ensure that there are no payments are left unchecked. This process also helps greatly to identify if there are any fraudulent transactions.
Using Deskera Books, users can opt for auto bank reconciliation if you do not have any time to record the bank reconciliation manually. Before using the auto bank reconciliation, make sure that you have connected your bank account to SaltEdge.
Check if your bank is connected to SaltEdge under the connection status column.
On the Auto Bank Reconciliation page.
Click on the contextual menu (the three vertical dots) of the bank you wish to reconcile and select the reconciliation button. You will be directed to the bank reconciliation page where you can view all the transactions that have incurred under the Bank Transactions and Deskera Transactions column.
Select the amount you wish to reconcile first on the left-hand side of the page. Then the relevant account will auto-populate under the Deskera Transaction. Go through the date, the amount and the document number related to the transaction. Click on the Match button and select Next.
On the confirmation page.
Indicate the reconciliation date.
On the confirmation page, you can see that the bank account is mapped to the relevant transaction in your organization. If you realize that it's mapped to the wrong document, click the Unmatch button. Once you have confirmed the amount and document number, click on the Save and Reconcile button. A dialog box will appear. Indicate the date of reconciliation and attach files if you wish to. Finally, click on the Save button for a successful auto bank reconciliation.