XFatora

Reconciliation

Match transactions to keep accounting records accurate.

Reconciliation screenshot 1 Reconciliation screenshot 2 Reconciliation screenshot 3

What you can do here

  • Review transactions and match them to records.
  • Resolve mismatches or missing entries.
  • Finalize reconciliations for reporting.

Before you start

  • Core Accounting access is required.
  • Ensure bank and cash accounts are configured.
  • Collect bank statements for the period.

Step-by-step

  1. Open Reconciliation and select the account.
  2. Match transactions to invoices, expenses, or transfers.
  3. Resolve mismatches by creating adjustments if needed.
  4. Finalize the reconciliation and review reports.

Tips & Common mistakes

  • Reconcile monthly to keep records current.
  • Investigate unmatched items promptly.
  • Keep reconciliation notes for audit clarity.

FAQ

What if a transaction is missing?

Add the missing entry or note it for follow-up.

Can I reopen a reconciliation?

Follow your accounting policy; use adjustments if needed.

Where do I see reconciliation status?

Check the reconciliation list for status updates.

Next steps

Transfers & Banking Core Accounting Reports Chart of Accounts