Bank Reconciliation: Difference between revisions
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==Basic Info and Quick Start== | ==Basic Info and Quick Start== | ||
[[Why Are Bank Recs Important?]] | :[[Why Are Bank Recs Important?]] | ||
[[Quick Start Guide to Bank Reconciliations]] | :[[Quick Start Guide to Bank Reconciliations]] | ||
[[Quick Start - Adding Missing Transactions]] | :[[Quick Start - Adding Missing Transactions]] | ||
[[Making Corrections]] | :[[Making Corrections]] | ||
[[Media:3510_-_Tour_of_the_Reconcile_Features_in_Jewel.pdf|Pictorial Tour of Jewel's Bank Reconciliation]] | :[[Media:3510_-_Tour_of_the_Reconcile_Features_in_Jewel.pdf|Pictorial Tour of Jewel's Bank Reconciliation]] | ||
==Reconciling Specific Types of Accounts== | ==Reconciling Specific Types of Accounts== | ||
[[Reconciling the Checking Account]] | :[[Reconciling the Checking Account]] | ||
[[Reconciling the Debit Account]] | :[[Reconciling the Debit Account]] | ||
[[Reconciling the Savings Account]] | :[[Reconciling the Savings Account]] | ||
[[Setting Up and Reconciling a CD Account]] | :[[Setting Up and Reconciling a CD Account]] | ||
==Adding Specific Types of Transactions== | ==Adding Specific Types of Transactions== | ||
[[Entering Bank Account Interest]] | :[[Entering Bank Account Interest]] | ||
[[Electronic Payments - Timing, Dates, Memos]] | :[[Electronic Payments - Timing, Dates, Memos]] | ||
[[General Journals - Not For Payments!]] | :[[General Journals - Not For Payments!]] | ||
==Troubleshooting== | ==Troubleshooting== | ||
[[Adjusted Bank Balance]] | :[[Adjusted Bank Balance]] | ||
[[Where Did My Reconciliation Go?]] | :[[Where Did My Reconciliation Go?]] | ||
[[Cleaning Up the Bank Rec]] | :[[Cleaning Up the Bank Rec]] | ||
[[Reconciling When Months Behind]] | :[[Reconciling When Months Behind]] | ||
[[Undo Last Reconciliation - When and How]] | :[[Undo Last Reconciliation - When and How]] | ||
[[When the Difference Is Still Not Zero]] | :[[When the Difference Is Still Not Zero]] | ||
Revision as of 21:59, 25 December 2025
The Bank Reconciliation is an essential part of treasury work. Its purpose is to verify that your records in Jewel agree with what is actually happening in your bank account. Reconciling makes sure that you entered all transactions in Jewel and that you entered them correctly, as well as giving you a chance to catch any errors the bank may have made, or any fraudulent transactions.
Best practice is to reconcile monthly before closing the month. This allows you to catch mistakes or omissions when they are easiest to correct. However, if you cannot reconcile during your month-end closing for some reason, you may do so at any point during the monthly process of any future month by clicking Reconcile on the Jewel Home Screen. Keep in mind, though, that postponing or skipping reconciliation means that your Jewel records may not accurately reflect what has happened at the bank. Also, there is usually a strict time frame for reporting fraudulent transactions. So reconciliations should always be completed as soon as possible after receiving the bank statement.
The links below will answer your Bank Reconciliation-related questions.