1.5.2 How to Record Transactions and Reconcile Journal Entries.

How to record transactions and reconcile journal entries.

Follow the following steps on how to record transactions and reconcile journal entries:

Step 1. On the accounting dashboard, click on the specific bank in which you wish to record bank records as shown below. Click the (3dots)


Step 2. Click on the statement as shown below so as to create a bank statement as shown below.

Step 3. Click on the create button as shown below.

Step 4. On the page that opens up, fill in the details as shown below. Fill in the reference for this record, fill in the details of that day's transactions as shown below. Remember to put a (-ve sign) if taking money out of that bank as shown below.

Step 5. When done click on the save button as shown below.

Next: How to reconcile journal entries