Confirm Cleared Transactions & Click "Finish Reconciling" (If in Balance")
Click “Reconcile”
When you’re ready to reconcile your HOA's bank accounts, go to the reconciliation section of the HOA Accounting Software and click “Reconcile”.
Confirm your HOA's Bank Statement Ending Date and the period's ending balance
Make Any Necessary Adjustments
You can make any necessary adjustments after you've started the reconciliation process by creating a journal entry or editing the statement ending date/balance. If you need to finish later you can click "Save & Finish Later".
Confirm Cleared Transactions & click "Finish Reconciling"
If after confirming your HOA's cleared transactions and the book Balance does not match your Bank Balance, you can "Save & Finish Later" then determine where the discrepancy is then make the necessary adjustments before returning to complete the reconciliation process.
Reconciliation Status Will be Updated
If you have any questions, feel free to schedule Zoom call 👩💻or a phone call 📞 with a member of our team, we're happy to help!