The Account Reconciliation Report is used to ensure that both your CARET Legal Register and your bank account and credit card transactions are in agreement.
To start the reconciliation:
- Click the Accounting icon in the navigation bar, then select the Reports tab, click Accounting Reports under the tab bar or scroll down.
- Click the Account Reconciliation card, then click + on the top right of the tab bar to open the Start Reconciliation modal.
- Select the Account to Reconcile from the dropdown menu and enter the Ending Balance and Ending Date. The Starting Balance populates automatically using your last reconciliation's ending balance.
- Click Begin... to display the Reconciliation window.
- Complete the fields:
- Specify the date range of transactions you are going to reconcile in the From and To fields.
- Check off anything that has been cleared or will be cleared (within your specified date range) on the bank end.
- If everything is properly recorded in CARET Legal, your CARET Legal books and your bank account should be in agreement, giving you a $0 difference.
- Specify the date range of transactions you are going to reconcile in the From and To fields.
- Complete the fields: