Bank account statements

Recording the account statements provided by the banks with which you hold a current account enables you to check that the entries for incoming and outgoing payments are correct, by comparing the balances against the dates on the account statements.

Access: Accounting → Bank accounts → Account statements

The reconciled balance is the sum of all reconciled (or matched) receipts and payments for the account closing period.

Thereconciled discrepancy is the difference between the statement-end balance recorded by the bank and the reconciled balance. If this amount is not zero, there is an error in the reconciliation indicator for your journal entries, and Gestan displays it in red.

The posted balance is the sum of all receipts and payments recorded over the statement period.

Theposted discrepancy is the difference between the closing balance and the calculated balance. If this amount is not zero, there is an error in your journal entries, and Gestan displays it in red.

👉 An account statement is generated from the list of receipts and payments screen, when used in reconciliation of receipts and payments.

ℹ️ Other “Accounting” articles