Can I enter the most recent statement date and reconcile many months at once?
While we strongly recommend reconciling one month at a time, the system will show you all uncleared transactions, prior to the date entered, regardless of how old the transaction is.
When you create a new reconciliation you can enter the date and balance of the most recent statement.
- Doing a bulk reconciliation will make it harder to find errors, if errors exist.
- If you do a bulk reconciliation you may need to create journal entries to record bank charges and interest.