Balance an account against a statement

There are two ways to balance an account against a statement :

You can automatically adjust an account balance to match the bank's balance by having Money do it for you.
You can manually balance an account against a statement by reviewing every transaction in the statement.

Note: To perform this advanced task, you must be using the Advanced Account Register. To find out which register you're using, look for the Essential Register or Advanced Register label in the upper-right corner of the account register.

Automatically adjust an account balance to match the bank's balance by having Money do it for you

Manually balance an account against a statement by reviewing every transaction in the statement

Before you start, have your bank or credit card statement handy.

Click Banking, and then click Account List.
If you're using the Essential Register, you must switch to the Advanced Register.
2. In the left pane under Other tasks, click Change account settings.
3. Under Register Detail, click switch to the Advanced Account Register.
4. Click Use Advanced Register.
Click the name of an account.
In the left pane under Common tasks, click Balance this account.
In the Statement date box, enter the ending date shown on your statement.
In the Ending balance box, type the amount shown on your account statement. The amount in the Starting balance box is the ending balance from the last time the account was balanced.
Enter any service charges or interest earned during this balance period, and then click Next. If you use online updates, don't include any charges or interest that have already been recorded by an online update.
Compare the transactions on your statement with those in your Money account register.
- For each transaction in the account register that matches one on your statement, click the C (cleared) column to mark it as cleared.
- If a transaction was entered incorrectly in the account register, click the transaction, and then make the correction.
- If transactions appear on your statement but not in your account register, click New, enter the transaction details, and then click the C column to mark it as cleared.
The left pane shows your cleared account register balance and the bank statement balance. When the difference between these balances is zero, your account is balanced. In the left pane, click Next, and then follow the instructions on the screen.

Note

When you update your accounts online, an E (for electronic) appears in the C (cleared) column. After you balance your account, the E changes to an R (for reconciled).

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