In this guide, we show How to Complete a Bank Reconciliation in the MAT Finance Module.
Access: The minimum permissions required to Complete a Bank Reconciliation are found in the Finance Module section of Config > Setup > Roles & Permissions.
To begin, from the left Menu, go to Finance > Routines > Bank Reconciliation.
Select the Bank to Reconcile from the Bank dropdown.
This brings up all previous statements for that Bank Account.
Select Add Statement.
This automatically allocates the Statement Number to the next available number in the sequence.
Input the Closing Balance from the statement.
All outstanding transactions will be shown ready for reconciling against the statement.
To select the matching items, simply tick the transactions required for the allocation. Once this is complete, the Closing Balance and the Running Balance should match.
Once this is complete, the Closing Balance and the Running Balance should match.
Once everything has been reconciled, press Save & Refresh.
You will receive a notification that the Bank Statement has been saved successfully. This concludes the process.
