Banking

Banking is the month end workspace for matching the books to the bank. It holds Bank, Bank Account, Bank Transaction, Bank Statement Import, Bank Reconciliation Tool and Bank Clearance, with the Bank Balance chart showing each account's running balance. The accountant opens it when the statement arrives, imports the lines, and matches them to Payment Entries and Journal Entries, which sets clearance dates. The bank share of the demo's Rs 25,68,160 cash and bank is reconciled here.

1. 01Go to Banking from the sidebar.
2. 02Read the Bank Balance chart to see the book balance per account.
3. 03Click Bank Statement Import and upload the bank's CSV or Excel statement.
4. 04Open Bank Reconciliation Tool, pick the account and the statement period.
5. 05Match each Bank Transaction to a Payment Entry or Journal Entry; create entries for charges.
6. 06Confirm the closing balance matches the statement before the monthly close.

Open when the bank statement arrives.

Reconcile the bank balance that forms part of the Rs 25,68,160 cash and bank.