Reconcile balancing entries in a journal

If you make an entry in a reconcilable suspense account in a cash book or bank journal, you can reconcile the entered amount directly against another entry.

To reconcile balancing entries in a journal:

1. Go to: Financial / Enter / Journal.
2. Check Financial year and Period. These are the financial year and the period to which you post the entry.
3. Select the journal.
4. Click on: Finish.
5. Complete the fields in the entry layout header.
6. Select the reconcilable suspense account in the entry line.
7. Complete the rest of the entry line.

   At the end of the entry line Profit either asks if the line should be reconciled or automatically opens the reconciliation entry layout. This depends on the entry layout of the cash book or bank journal. The procedure below concerns the reconciliation.

8. Select the line(s) that you want to reconcile. Another possibility is the Reconcile automatically button. Profit will then search to see if the amount to be reconciled appears. The lines to be reconciled are examined in order of date (oldest first). If a reconcilable entry is found then Profit will select its check box automatically.
9. If there is a small difference between the reconcilable amounts, Profit asks for permission to reconcile them and to enter the difference in the differences account.

   If Profit is allowed to reconcile differences within the margin automatically (without permission), you specify this in the entry layout.

10. Click on: Finish.

    You return to the entry layout of the cash book or bank journal.