What is bank reconciliation?

Bank reconciliation is an important part of bookkeeping that compares the cash activity in your financial records to the transactions on your bank statement. To save time on this process, connect your Reckon One account to your bank, and all your transactions flow in to Reckon One automatically, ready for you to reconcile. 

What is bank reconciliation?
Bank Reconciliation Connect Business To Banks

Connect your small business to major banks

We have a direct connection to most major banks in Australia including Commonwealth, Westpac, ANZ, NAB, St George, BOQ and more. Setting up the connection is easy and only takes a few clicks! Once connected, you’ll save hours on reconciling, giving you back time to focus on your business!

Handles complex transactions like a charm

Feel like a bank reconciliation pro from the get-go. BankData makes it easy to split amounts into separate accounts. Plus, the system learns from you over time, making it perfect for managing recurring transactions and regular clients.

Handles complex transactions like a charm.  Feel like a bank reconciliation pro from the get-go. BankData makes it easy to split amounts into separate accounts, and has many other tricks up its sleeve too.

Try our automatic bank reconciliation today, for free!

Unlimited users. Cancel anytime.

Bank Reconciliation FAQs

How do I do a bank reconciliation in Reckon One?

Reconciling transactions in Reckon One is easy! Watch our instruction video here for a step by step guide on the reconciliation process.

How to get previous bank reconciliation in Reckon One?

To print a previous reconciliation report follow these steps:

  1. Select the Reports menu, Other and click Reconciliation
  2. Choose the date range for the past account reconciliation
  3. Ensure the correct bank account is selected in the Account list
  4. Click on OK to create the report.
How do I undo a bank reconciliation in Reckon One?

You can undo a bank reconciliation to correct any errors of missed transactions or incorrect allocations. We’ve written a detailed article on how to undo a bank reconciliation on our help page here.

How to check bank reconciliation statement in Reckon

To view a bank reconciliation statement once completed, follow the steps found in our help guide here.