Reconciling Accounts

The Truckers Helper has the capability to reconcile your accounts or clear transactions, and can be used for any payment account.

Note: You MUST use the <Tab> key located on your keyboard, or the mouse to move between fields. The <Enter> key cannot be used for this window.

To Reconcile Accounts:

  1. Display the Income & Expenses window as outlined in About Income and Expenses.

  2. Click the Reconcile button located on the Income & Expenses toolbar. The Reconcile window is displayed.

  3. From the Account To Reconcile pulldown list select the account to reconcile. The Reconcile dialog box is displayed.

  1. Click OK. The Calendar dialog box is displayed.

  1. Find and select the statement ending date. The Reconciler loads all open transactions for that account.

  2. From the Reconcile window locate the Transactions To Be Added frame set.

  3. Enter the amount, date, and account of the Service Charge, if applicable. (For example, the bank charges a service fee on a checking account.)

  4. Click the Add button.

  5. Enter the amount, date, and account of the Interest Earned, if applicable. (For example, interest earned on a savings account.)

  6. Click the Add button.

  7. Enter the Ending Balance (located on the top right of the window) from the statement.

  8. Select the Cleared check boxes for items that are not outstanding on the statement.

  9. Enter the Ending Balance from the statement (verify the difference is 0).

  10. Click the Done button when finished reconciling the account. A dialog box is displayed.

  1. Click Yes to print a report on the balance. The Reconcile Report dialog box is displayed.

  1. Select the Summary or Full Report radio button and click OK. The Question dialog box is displayed.

  1. Click Yes or No to remove cleared items from list. The Ending Date dialog box is displayed.

  1. Enter the Date of the ending balance (usually the date on the statement) and click OK.

Note: The Ending Balance now becomes the Opening Balance for the next statement.

  1. Click the Exit button.

Note: It is important that you view the Reconciling Accounts Tutor from the Income & Expenses window to thoroughly understand how this feature works.

Related Topics