Bank Reconciliation

2026-02-17 · 3 min

Overview

Bank Reconciliation matches the hospital's internal bank transaction records against the actual bank statement. This ensures all payments and receipts are accounted for and identifies discrepancies early.

Reconciliation Process

Navigate to AP > Bank Reconciliation:

1. Select the bank account to reconcile.
2. Enter the statement closing date and balance.
3. The system displays all unreconciled transactions for the account.
4. Match each bank statement entry against the internal transaction by amount, date, and reference.
5. Auto-match: the system attempts automatic matching and highlights matches for confirmation.
6. Mark matched entries as reconciled.
7. Review outstanding items: cheques issued but not cleared, deposits in transit, bank charges not yet recorded.

Reconciliation Report

After reconciliation:

• Book balance vs. bank balance comparison.
• Add: deposits in transit, interest credited.
• Less: outstanding cheques, bank charges, direct debits.
• Adjusted balances should match.
• Reconciliation history is saved monthly for audit trail.

Notes

Related topics