Reconciling Bank Accounts

The MacNail construction accounting software includes a Reconcile command that will make it easier for you to reconcile your Ledger against your monthly bank statement.

NOTE-- In 2000, MacNail was replaced by Goldenseal small business accounting software. Goldenseal is an integrated program that includes general accounting, job costing, payroll and project billing, plus estimating and other features. Bank Reconciling is very easy in Goldenseal, with one "check off" window where you can mark off transactions from your bank statement.

To reconcile your statement in MacNail accounting, you must first mark off each item that appears in your statement. Do this by putting any text into the stmt. column of the Ledger. It is a very good idea to use something different each month. You can use some kind of letter code (we use ja-fe-mr-ap-my-jn-jl-au-se-oc-no-de), or use command-hyphen to put in today 's date.

If you have started your ledger with old transactions, you will need to go back to the first bank statement that covers items in the ledger, and reconcile it. Then go through with each successive statement, and reconcile it before going on to the next month 's.

Once each transaction is marked off, choose *Reconcile Ledger from the DATA menu. It will check each line of the ledger, and tell you what the final statement balance should be.