Microsoft KB Archive/937943

= How to reconcile transactions by using the Account Register dialog box or by using the Reconcile Account dialog box in Accounting Professional 2007 or in Accounting Express 2007 =

Article ID: 937943

Article Last Modified on 8/21/2007

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APPLIES TO


 * Microsoft Office Accounting Professional 2007
 * Microsoft Office Accounting Express 2007

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INTRODUCTION
This article discusses how to reconcile transactions by using the Account Register dialog box or by using the Reconcile Account dialog box in Microsoft Office Accounting Professional 2007 and in Microsoft Office Accounting Express 2007. This article also describes how to choose which dialog box to use to reconcile transactions.



Method 1: Use the &quot;Account Register&quot; dialog box to reconcile transactions for a bank account or for a credit card
Use this method if one of the following conditions is true:
 * You do not want to use the Reconcile Account dialog box to reconcile transactions from your monthly bank statement.
 * You reconcile transactions throughout the month by viewing cleared transactions on the bank Web site.
 * You enter a transaction that will not appear on a monthly bank statement. For example, you make an adjusting entry that will not appear on the bank statement. However, you want to mark this transaction as reconciled.

To reconcile transactions for the bank account or for the credit card account in the Account Register dialog box, follow these steps:
 * 1) On the Banking menu, click Account Register.
 * 2) In the Bank Account field, click a bank account or a credit card account.
 * 3) Click the transaction that you want to reconcile.
 * 4) Right-click the selected transaction. Then, click Reconcile.

Method 2: Use the &quot;Reconcile Account&quot; dialog box to reconcile transactions for a bank account or for a credit card account
Use this method to reconcile transactions by using your monthly bank statement.

To reconcile transactions for a bank account or for a credit card account in the Reconcile Account dialog box, follow these steps:
 * 1) On the Banking menu, click Reconcile Account.
 * 2) In the Account field, click to select a bank account or a credit card account.
 * 3) In the Statement date field, click a date.
 * 4) In the Beginning balance field, type the amount from the bank statement.

Note After a bank account or a credit card account is reconciled, the Beginning balance field will contain the default amount. The default amount is the ending balance amount from the previous reconciliation.
 * 1) In the Ending balance field, type the ending balance from the bank statement.
 * 2) Click Next.
 * 3) In the Reconcile Account–Checking dialog box, click the transaction that appears on the bank statement until you click the transaction that makes the difference amount appears as $0.00.

Note Any transaction that has not been reconciled appears in this Reconcile Account–Checking dialog box.
 * 1) Click Reconcile.

Note You will receive a message that you have successfully reconciled a bank account or a credit card account.
 * 1) Click Display report to print the Reconciliation Detail report. Or, click Close.

Note If you reconcile any transactions on the monthly bank statement by using Method 1, these transactions do not appear in the Reconcile Account dialog box. Because these transactions are not available to select, you cannot make the difference amount appear as $0.00. We recommend that you unreconcile these transactions in the Account Register dialog box by using Method 1.

To unreconcile transactions in the Account Register dialog box, follow these steps:
 * 1) Repeat step 1 through step 3 of Method 1.
 * 2) Right-click the selected transaction, and then click Unreconcile.

After you unreconcile the transaction, return to the Reconcile Account dialog box to continue the reconciliation process.

Keywords: kbhowto kbinfo kbmbsmigrate kbexpertiseinter kbexpertisebeginner KB937943

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