Bank reconciliation ensures that the bank or cash balances in your records match the actual amounts in your bank statement.
One way to perform bank reconciliation in Bukku is through Manual Reconciliation using a hardcopy bank statement.
Scenario:
You want to reconcile your Public Bank account for September 2019, assuming the first reconciliation was completed for August 2019.
Follow these steps to perform the reconciliation:
1. Navigate to Bank > Accounts and click on Reconcile (Public Bank).
2. Select Manual Reconciliation.
3. Enter the Bank Statement Date and Statement Balance as per your bank statement:
Statement Date: 30/09/2019
Statement Balance: RM 108,239.07
4. Next, check off the bank transactions that have been processed according to the bank statement.
5. Ensure that the Statement Balance (closing balance in the bank statement) and Reconciled Balance match. If they don’t, a "Difference" will be shown.
6. If a transaction appears in the bank statement but not in Bukku, click + Create to add the missing transaction.
7. Once everything is matched and balanced, click Save, and you're done!
