When importing payments from your accounting software, Float separates them into two classes: reconciled and unreconciled. Reconciled payments have been matched to the relevant invoice, bill, or similar transaction, while unreconciled payments have not yet been matched.
Float imports and displays reconciled payments in the cash flow. Unreconciled payments, however, are not included because they haven’t been fully classified and therefore can’t yet be assigned to a specific cash flow row.
Unreconciled payments in your accounting platform can also affect the accuracy of historic opening and closing balances in Float. This is because Float starts with your current bank balance and works backwards, adding and subtracting reconciled payments to calculate past balances.
Since unreconciled payments aren’t included in this process, historic balances may appear incorrect.
To ensure your cash flow remains accurate, it’s important to keep your accounts regularly reconciled.
For guidance on reconciling payments in your accounting software, please refer to the relevant help site below: