Reconciliation

The reconcile feature facilitates reconciliation of transactions entered into Affinity against those detailed in account statements received from the associations bank.

1. From the main menu select Bank > Reconcile.
2. From the drop down list select the account you wish to reconcile
3. Specify the end date of your account statement and click on the Show Transactions button
4. Enter the balance on the end date of your statement in Statement Balance field
5. Match transactions on your bank statement against those listed in Affinity by clicking on the appropriate check box.
6. When all transactions have been matched the value in the Difference field, at the bottom of the screen should be 0.
7. When the above condition has been met click on the Post Transactions button.

To assist with this process it is possible to produce a Bank Account Statement within Affinity which will detail all transactions recorded. This can be found under Reports > Bank > Bank Account Statement. There is also a report detailing when reconciliation's were carried out and the reconciled figures for such, this can be found under Reports > Bank > Bank Account Reconciliation.