Reconciliation

The reconciliation process in Cargo Books aims to solve the mismatch between bank accounts and the accounts created within the Cargo Books system. You can choose the specific date up to which the accounts need to be reconciled.

Before reconciling your account, please ensure you have verified the account details, transactions, and the reconciliation date.

Reconcile Account

You can reconcile your bank account in Cargo Books by following these steps:

1. Just click Accountant -> Reconciliation menu in the left side bar.

2. You will be directed to the Reconcile an Account welcome page.

3. Select the account from the dropdown list.

4. Provide the ending balance and ending date.

5. Click Start Reconciling.

6. You will be directed to the Reconciliation page.

7. Click the checkbox next to the amount you want to reconcile.

8. Once the difference amount is $0.00, the Reconcile button in the top right corner will be enabled.

9. Click the Reconcile button.

10. After a successful reconciliation, the status of your reconciliation process window will be Reconciled.

Save and Reconcile Later

1. If you would like to do the reconciliation later, click Save and Reconcile Later.

Undo Reconciliation

If you mistakenly select the wrong transaction for reconciliation, you can undo the reconciliation for that transaction.

1. Select Reports menu in the left side bar.
2. Go to the Business Review section and select the Reconciliation Report.

3. Choose the relevant account in the Reconciliation Account field and click Run Report.

4. The report will display information such as Statement Date, Reconciled Date, Ending Balance, Status, and Actions.

5. Click button and select Undo option.
6. A Warning Screen will appear asking for confirmation. Click Yes to proceed. The status will change to On Progress.

7. Now go to Accountant -> Reconciliation -> Select the Account -> Resume Reconciliation.
8. You will now be able to edit your transactions and reconcile again.

Delete Reconciliation

You have the option to remove the reconciliation record from Cargobooks.

1. Select Reports menu in the left side bar.
2. Go to the Business Review section and select the Reconciliation Report.

3. Choose the relevant account in the Reconciliation Account field and click Run Report.

4. The report will display information such as Statement Date, Reconciled Date, Ending Balance, Status, and Actions.

5. Click button and select Delete option.
6. A Warning Screen will appear asking for confirmation for deletion. Click Yes to proceed. The record will get deleted.