SEE Finance Help

Index

Reconciling Accounts Without Statements

Reconciling Without Statements:

1. Select the desired banking, investment, credit card or loan account from the Account List.
2. Select the Statements View by selecting the "Statements" button on the right of the top bar.
3. Click the "Reconcile" button under the statements table.
4. The Reconcile window will raise and will show the transactions from the information from the account's transactions register in the top box labeled "Transactions" and a lower box labeled "Statement". The lower box labeled "Statement" is for the selected statement's records which will not be needed and can be hidden by pulling the slider bar between the two boxes down leaving only the "Transactions" box visible. You can change the time period of the shown transactions from the account's register by changing the "Start" and "End" dates on the top of the "Transactions" box. Just underneath the account's transactions register table is the "Account Balance", "Reconciled Balance" and "Unreconciled Amount" for the entire account's transactions register. These values are used to help reconcile the account.
   
   To reconcile the account go through the transactions from the account's transactions register (the top table) and mark them as reconciled as appropriate by clicking the reconcile checkbox (when you check the checkbox in the table this changes the "Reconciled Balance" and the "Unreconciled Amount"). You can also just press the space bar to toggle the on/off status of the reconciled check box.
   
   If your account's transaction register is missing transactions or has transactions entered incorrectly when compared to your institution's statement you will need to exit the Reconcile window and enter or adjust the transactions as needed in the account's Transactions View.
   
   
5. Once you are finished reconciling your transactions and your account's "Reconciled Balance" matches that of your institution for the end of the statement period, click "Finish" and you're done!

Tips:

• If the balance for your account's transactions register on the ending date of the statement matches the ending balance of the institution's statement then the account's transactions register is most likely up to date and accurate. You can simply select all of the transactions in the account's transactions register up through the statement's ending date and click the space bar to mark them all as reconciled. The account's transactions register and "Reconciled Balance" and "Unreconciled Amount" will automatically update as appropriate.

Notes:

• The "Reconciled Balance" in the Statements View under the table of statements shows the reconciled balance of all the transactions in the account's transactions register marked as reconciled.
• When reconciling an account for the first time you can begin where you left off from your previous means of tracking your account's records (using a conservative estimate of the date where you left off). If for some reason transactions known to already be reconciled are not properly marked as reconciled you can quickly mark them as reconciled making the account up to date. Select the Transactions View for the account and then use the "Start" and "End" date selectors under the table of transactions to display only the date range of the transactions known to be reconciled. With only the known reconciled transactions shown, you can then select all of these transactions (press "Command a") and then select "Mark Selected Transaction(s) as Reconciled" from the Transactions menu ("Command Shift R"). Then you can begin reconciling your accounts using statements.