Bank Reconciliation

Check for any discrepancies between your bank statement and your transactions.

Bank reconciliation is an auditing process that helps uncover discrepancies in your accounts and prevents future mistakes when recording transactions. To ensure that your account is in balance, you must compare your bank statement to the transactions recorded in your general ledger.

If you use multiple banks, you will have multiple reconciliations, each requiring that you match the statement from that particular bank. Realm Accounting understands this and asks that you select a bank account before moving forward to make sure one bank's transactions aren't mixed in with another.