Your bank reconciliation can be updated as many times as required, allowing you to match off transactions going through your bank when needed.
The Save and Post buttons act in the following way:
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βSave - This saves the items you have ticked off as being reconciled. I.e. Once pressed and the bank rec screen is closed, It can then be re-opened later or the next day and you can continue to match off new entries after entering your new bank balance.
Always press save once you have finished matching off entries.
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βPost - This takes your ticked items and posts them as reconciled, clearing down the reconciliation for your next period. Once posted, reconciled items are locked and cannot be unreconciled.
Saving and Posting a Bank Rec
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Written by Huzayfah Patel
Updated over 7 months ago