Reconcile a month

A reconciliation proves your TALISK_HQ books agree with the bank for a period.

1. Go to Ledger › Banking › Reconciliation.
2. Click Start New Reconciliation.
3. Choose the bank account and the statement period, enter the statement's closing balance, and tick off the transactions that appear on the statement.

When the cleared transactions match the statement's closing balance, the period is reconciled and TALISK_HQ keeps it in your reconciliation history. Import the month's transactions first: either through a connected bank or by uploading the statement on the Statements tab.

If the account is in a foreign currency, you reconcile in that currency: the statement balance, cleared balance and difference are all shown in the account's own currency, and you tie it out against the statement exactly as you would a home-currency account. Your books still carry the account in your home currency at its booked cost, so the worksheet shows the account's foreign position and its home-currency booked value side by side instead of a single tie figure; that booked-value-versus-today's-rate gap is unrealized and isn't a reconciliation error.