SAV Academy · Banking & Cash
Bank reconciliation
Purpose
Match SAV’s bank ledger to the bank statement to confirm every transaction is recorded.
Who uses it
Accountants.
Prerequisites
- •A bank statement and posted bank transactions
Step by step
- 1Open Banking → Reconciliation.
- 2Select the bank account and statement period.
- 3Tick matching entries; investigate differences.
- 4Complete the reconciliation when the balance agrees.
Key fields
| Statement balance | The bank’s closing balance. |
| Unreconciled items | Entries not yet matched. |
Practical example
Match the 1,050 receipt in SAV to the deposit on the bank statement.
Accounting impact
Reconciliation confirms the ledger; adjustments post as needed for bank charges or interest.
Tips
- •Reconcile monthly to catch missing or duplicate entries early.