Bank reconciliation, explained clearly
What the bank feed tells you, what the books say, and how to check matches with confidence.
Two records of the same money
Your bank statement shows money coming in and going out. Your books explain why it moved. Reconciliation confirms the two agree.
1. Bring transactions into view
Import a statement or connect a supported bank feed. Check the account, dates and currency before accepting the transactions.
2. Review a suggested match
Quarvex may suggest that money in relates to an invoice, or a payment to a bill. Check the party, amount, date and purpose before you confirm.
3. Categorise unmatched items
Some transactions have no invoice or bill: fees, wages, transfers, expenses. Record each in the right category, with any tax that applies.
4. Handle transfers correctly
Moving money between the business's own accounts is not a sale or an expense. Record it as a transfer so profit stays right.
5. Recheck the balance
The reconciliation view shows outstanding, duplicate or wrongly coded items. Keep the evidence you need for audit or tax.
Good practice: Never use a match just to make the numbers balance. Look into differences while they are fresh.
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