Manually Reconcile Bank Transactions

In IRIS Financials you can manually reconcile transactions to the entries on your bank statements.

Did you know? 

To save you time when reconciling transactions, IRIS Financials has Auto Reconciliation that can automatically match transactions to the entries on your bank statement.

To reconcile transactions manually: 

  1. Go to Banks, then select Bank Reconciliation.

    If using IRIS Financials Version 7.0.2258 or later, select Manual Bank Reconciliation.

  2. Select the relevant Bank Account.

  3. (Only IRIS Financials Version 7.0.2223 or earlier) Select Match one to one, then select Next.

    Make sure Auto Reconciliation is not selected.

  4. To reconcile the transactions, on the Manual Match screen: 
    1. Select a bank statement transaction from the left side.

    2. Select the matching IRIS Financials Cashbook transaction from the right side.

      To match to multiple transactions from the right side, hold the Ctrl (Control) key when selecting the items.

      If using IRIS Financials version 7.0.2290 or later, IRIS Financials can suggest transaction matches. To highlight suggested matches, either select a Cashbook transaction, then SUGGEST CASHBOOK MATCHES, or select a bank statement transaction, then SUGGEST STATEMENT MATCHES.

    3. To confirm the match, select MATCH ITEMS.

      If the wrong transactions have been matched, select the relevant bank statement transaction, then CLEAR MATCH.

  5. When all the relevant transactions have been matched, select Next.

    If using IRIS Financials Version 7.0.2258 or later, close the Manual Match screen.

    To finish the reconciliation, the Difference for selected matched transactions must balance to 0.00. If the difference is not 0.00, you must adjust the reconciliation.

Only if using IRIS Financials Version 7.0.2223 or earlier:

  1. Check the details of the matched items are correct, then to confirm the matches, select Reconcile.

    To display details of a transaction, select the Expand (+) icon.

  2. (Optional) You can select the details to run the Bank Reconciliation Report on.
  3. When you have run the report, or if you do not want to run a Bank Reconciliation Report, select Finish.