Bank Reconciliation in ManageCasa

The Reconciliation Statement feature in ManageCasa helps you compare your bank records with the transactions recorded in the system to ensure everything is accurate and complete. By providing a clear and structured view of your balances and transactions, it allows you to quickly identify discrepancies, confirm matching records, and maintain reliable financial data.

Accessing the page

• Go to Accounting >> Transactions >> Reconciliation Statement

Information

What is bank reconciliation
Bank reconciliation is the process of comparing your bank statement with the transactions recorded in ManageCasa to ensure that your balances match and no transactions are missing.

Prerequisites
Before starting reconciliation, make sure that a Bank Account is created in the system.

Note: You can perform reconciliation even if the bank account is not connected. As long as the bank account exists and transactions are recorded or uploaded, it can be reconciled.

For connected bank accounts, it is recommended to import transactions through the Bank Transactions tab to ensure a smoother and more accurate reconciliation process.

Preparing transactions for reconciliation
The Bank Transactions tab helps organize and prepare transactions before reconciliation.

Transactions are grouped into three tabs:

• For Review for transactions that still need to be processed
• Categorized or Matched for transactions already prepared for reconciliation
• Excluded for transactions that are intentionally ignored

You can process transactions by either matching them with existing records or categorizing and adding new ones. Once completed, they are ready to be reconciled.

Creating a reconciliation
To create a reconciliation:

• Select the bank account you want to reconcile
• Click Create Reconciliation
• Enter the beginning date and balance
• Enter the ending date and balance from your bank statement
• Click Save

For your first reconciliation, you will need to enter the beginning balance manually. For future reconciliations, ManageCasa will automatically populate this information.

Understanding the reconciliation workspace
Once created, you will be taken to the reconciliation workspace where you can review and match transactions.

At the top, you will see the account name, statement period, and options to edit or save the reconciliation.

The Balance Summary section shows:

• Statement Ending Balance from your bank
• Approved Ending Balance based on reconciled transactions
• Difference which shows how much is left to reconcile

The approved ending balance is automatically calculated based on your reconciled transactions, helping you track your progress in real time.

Reconciling transactions
Below the summary, you will see the list of transactions within the selected period.

Each entry includes details such as date, type, account category, contact, and amount.

To reconcile a transaction:

• Click Reconcile under the action column

As you reconcile more transactions, the difference will decrease. When the difference reaches zero, your records match the bank statement.

Finalizing the reconciliation
Once the difference is zero, click Save Result to complete and store the reconciliation.

This confirms that your financial records are aligned with your bank statement.

The Reconciliation Statement feature helps you keep your financial records accurate and aligned with your bank statements by providing a clear and organized reconciliation process. With real time updates and a structured workflow, you can easily track progress, resolve differences, and confidently maintain clean and reliable accounting records.

Need Help?

If you have any questions or need further assistance, feel free to reach out to the ManageCasa Support Team or visit our Help Center for more guides and troubleshooting steps. We’re always here to help!