When you receive your bank statement you will need to choose  Transactions-Reconcile or click the red check mark icon on the tool bar.

 

Steps to Reconciliation:

1. Choose the bank account you wish to reconcile with using “Select” drop down box.

 

2. Choose the “Bank Statement period to reconcile with”; this is the accounting month (period) to coincide (or link) with your bank statement.

 

3. Enter your “Target ending” balance, (on the right side of the screen).  This will be the ending balance on your bank statement.  PcMars will automatically adjust your cleared balance as you clear your transactions. So you can instantly see the amount needed to balance, shown as the “Difference”.  PcMars also counts the number of transactions cleared and calculates the total dollars for “inflows and outflows”, to help you find any discrepancies with your bank statement.

 

4. Simply check the transactions that are listed on your bank statement by clicking with the mouse in the “Clr” box or using the “x” key

 

 

 

TIP: If you click the first transaction and then press/hold down the “X” key.  PC Mars will quickly clear every transaction.

Reconciling Your Bank Statement

Applies to Version 2.1 or greater

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PcMars Farm Accounting Software