How Reconciliation Works
Match your books to your bank transactions seamlessly.
Reconciliation ensures that every transaction in your bank statement aligns with your books. AkountFly automates most of this process through the Transactions page, also known as the AI Bank Transactions Center.
During reconciliation, review any unmatched items and confirm that your balance is accurate. Use the Match Transactions (Reconciliation) tool in More Tools for a detailed view. Special items may require additional steps, such as matching existing entries or tracking as new items.
Step-by-step
- 1Access Transactions
Go to Transactions in the sidebar to view your bank transactions.
- 2Review Unmatched Items
Check the Review Needed tab for transactions that need your attention. Use the GL picker to categorize them.
Look for '✨ Top suggestions' to quickly categorize transactions. - 3Confirm Balance
Ensure your books' balance matches your bank statement. Use the Match Transactions (Reconciliation) tool for assistance.