Bank reconciliation is the process that companies use to make sure that the Bank/cash balances they show on their books matches the actual Bank/cash in the bank statement.

One of the methods to perform the bank reconciliation in Bukku is SmartRecon.

Scenario

You want to perform the bank reconciliation for Public Bank for the month of September 2019.

Assume that you already perform the first reconciliation in August 2019.

Follow the steps below to perform the bank reconciliation:

1. Navigate to Bank > Accounts > click on Reconcile. (Public Bank)

2. Choose Universal SmartRecon.

3. Select the Bank Statement PDF.

4. System will process and generate the bank statement information into the Bukku.

5. Next, Bukku will automatically match the transaction between the Bank Statement and Bukku transaction. It will be matched by Date, Amount and Key word of the description.

6. If the transaction is not yet created in Bukku or maybe the description is different, the system will not match that transaction. You need to manually click on match (if the transaction is already in Bukku) or Create a new transaction.

7. Once everything is matched and balanced, click on Save.