About Reconciling Withdrawals

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Bank Post Entries Screen

Clearing a Range of Transactions

Clearing a Transaction

Reconciling a Bank Account

Reversing a Transaction

The Reconciliation tab lists outstanding withdrawals (checks, credit card payments, transfers, and posted bank entries) that have been entered for the bank in Bank Services or sent from Accounts Payable or Accounts Receivable (as refunds).

During reconciliation, you can clear withdrawals with different reconciliation statuses, or you can leave the withdrawal outstanding. More...

You can use the following statuses to clear withdrawals:

  • Cleared
  • Cleared with Bank Error
  • Cleared with Write-Off
  • Cleared with Exchange Rate Difference

For more information about these statuses, see Withdrawal Reconciliation Statuses.

You can also use the Reconciliation tab to reverse payments that were sent from Accounts Payable or Accounts Receivable.