Prepare for your first reconciliation
Confirm the account's reconciliation date and outstanding items before starting with statement balances.
Establish The Account's Starting Point
Open Bank Recs, choose the account, and follow Set up reconciliation when setup is incomplete. This opens Account Settings. Statements can arrive while setup is incomplete, but they do not establish the account's starting date for you.
If the account was reconciled before, enter the last completed statement closing date as Reconciled through. Select the posted items still outstanding at that date and check their total. The picker includes imported and bank-feed activity and pages through the candidates.
For a never-reconciled account, choose the date to start reconciling after. Setup records the date boundary; the first real reconciliation asks for the statement opening and ending balances.
Activity before the first eligible date stays outside the reconciliation pool unless selected as an outstanding carry-forward. This applies to imported and bank-feed history. Pending and unposted rows do not become cleared items.
Review and confirm setup. See Regular reconciliation settings for schedules and later edits.
Read The Period Rows
Bank Recs and Statements organize each account by closing date. Depending on the period, a row may be waiting for the period to end, waiting for a statement, missing or late, ready to reconcile, in progress, or completed. An older gap does not disappear because a newer statement arrived.
Use the action on the relevant row to upload or review evidence, start work, or continue the existing reconciliation. Complete older periods first.
Before Starting
Have the statement ending date, opening balance, and ending balance available. Confirm the register and that eligible activity through the closing date is posted. Opening outstanding items remain editable in Account Settings until the first reconciliation is completed. If a reconciliation is already open, cancel it first to change those items.
When company Tally AI is on and the firm is not paused, saving setup also requests evaluation of available statements. Review any automatic result in Bank Recs. To work manually, start a bank reconciliation.