Click the Banking icon in the toolbar.
Click the Actions dropdown to the right of the bank account.
Choose Reconcile from the dropdown.
Click Begin Reconciliation.
Enter the Bank Statement Ending Date and Ending Balance in the appropriate fields.
Click Continue Reconciliation.
Compare the bank statement to the list of transactions in MoneyMinder’s reconciliation list. For each item that shows on the bank statement that matches MoneyMinder, place a checkmark in the box under the Cleared column.
Once all of the transactions that appear on the bank statement have been checked off, look to see if the Record Reconciliation button appears.
If it does, click Record Reconciliation.
If it does not, MoneyMinder and the bank statement do not agree yet. Take a closer look. The most common errors that occur are:
- Transpositions in numbers
- An unrecorded transaction (either a check, deposit, bank fee, or a bank error)
- Entering a transaction into MoneyMinder twice
- Entering an incorrect date on a transaction
MoneyMinder needs to mirror the bank statement and reflect what actually happened at the bank.