Performing Bank Reconciliations

Accounting can create and view bank reconciliations in BindHQ to maintain accurate accounting records

Applies to:

  • Accounting
Last Updated: September 2020

This article explains how Accounting can create and view bank reconciliations in BindHQ. Watch our training video or read this article to learn how to perform bank reconciliations in BindHQ.

Bank accounts are reconciled when the difference between the account’s total debits and credits balances out to zero.

There are two parts to this article


Watch our training video 


Creating a Bank Reconciliation

  1. Navigate to the Accounting tab and ensure the General section is selected.
  2. On the left, select the Bank subsection, then click Browse & view bank reconciliations.


    The Bank Reconciliations page opens and displays a full history of bank reconciliations.
  3. In the top right corner, click New Bank Reconciliation.


    The New Reconciliation page opens.
  4. In the Select the bank account section, use the Bank account drop-down to select a bank account.
  5. In the Select the period to reconcile section, use the Ends at field to select the end date for the reconciliation period.
  6. Click Begin Reconciliation.


    The reconciliation options display.
  7. In the Closing balance field, enter the closing balance from the bank statement.
  8. From the list of transactions, use the checkboxes on the left to select one or more line items to reconcile. AP items are in parentheses, while AR items are not.
  9. After selecting the line items for reconciliation, click Submit Reconciliation.

  10. The Bank Reconciliation page opens and displays the reconciliation details. To make changes or updates to the reconciliation, click the Actions drop-down in the top right corner and select Edit Reconciliation. You can also use this drop-down to View PDF or Download CSV.

Note: In cases where some line items require investigation or confirmation (for example, if you are waiting on a transaction to post), you can still click Submit Reconciliation to save your place, then return to this reconciliation when you have all the necessary details.


View Bank Reconciliations

  1. Navigate to the Accounting tab and ensure the General section is selected.
  2. On the left, select the Bank subsection, then click Browse & view bank reconciliations.


    The Bank Reconciliations page opens and displays a full history of bank reconciliations.
  3. (Optional) To filter the list, use the Filter By section to filter by Status (Finished, Unfinished, or All) or Account, then click Apply Filters.