Bring in your bank transactions, and reconcile them

1. Add account
2. Import statement
3. Find matches
4. OK each line

Reconciling checks every bank line against your books, so the two agree. It's how you know your reports are right. Billbook does most of the matching; you look it over and say OK.

How do I add a bank account?Copy Anchor Link

1. Open Bank and choose Add bank account.
2. Enter the Account name, type, BSB and account number.
3. Choose Add account.

How do I import a bank statement?Copy Anchor Link

1. Download a CSV, OFX or QFX file from your internet banking.
2. Open the account, choose New, then Import a statement.
3. Drop the file in and choose Import.

How do I match the lines?Copy Anchor Link

1. On the Reconcile tab, choose Find matches.
2. Take the lines it's sure about all at once, with the OK all button.
3. For the rest, check the account and GST, then choose OK.

Open a row to see what you did last time with that payee. Under More you can Record as a transfer, Split across accounts, Exclude this line or choose Don’t suggest this.

On the Free plan, the AI part of Find matches is limited. Exact matches always work.

If a line is dated in a period whose BAS is already lodged, Billbook still reconciles it and shows a warning. The lodged BAS won't change. See Fix a mistake after you've lodged a BAS.

How do I undo a match?Copy Anchor Link

Straight after, choose Undo on the message that pops up. Later, find the line on the Bank statements tab and choose Unreconcile.

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