Learn to reconcile your transactions in MoneyLine personal finance software

This tutorial takes you through the step-by-step process of reconciling your accounts in MoneyLine. Learn the difference between clearing a transaction and reconciling a transaction. Also, learn how to make a balancing entry or to unreconcile a transaction.

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http://www.nchsoftware.com/personalfi...

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to the lifted the transaction list you
will see two columns
the first is labeled with the sea for
clear in the second is labeled with an
or from reconciled if you import your
transactions directly from your bank
account
the cleared column will automatically be
checked
you may also clear in entry by clicking
the checkbox in this column
when you see that an item has been
cleared through your financial
institution
to reconcile transactions use the
monthly statement from your financial
institution
select reconcile account from the
actions section
the Explorer bar alternatively
you can open the accounts menu in the
menu bar and select reconcile accounts
into the bank statement dade in the
closing balance in the dialog box that
opens
then select okay at the top of the
window
you will see the opening balance and
opening date
which correspond with the last time that
you reconcile the account
if you have a transaction such as a
check that was written prior to the
opening date
but clear during this period make sure
to check the
show all un reconcile transactions box
otherwise the only transactions that
appear in the list
will be those between the opening date
and the reconciled aid
check the box to the left to the each
item that matches and item
on your statement at the top of the
window
the reconcile balance will keep a
running total
as you select items
click on the column title to soar
transactions by that column
when you are finished the difference
should be zero
if it is not double check your statement
to make sure that each transaction on
the statement matches a transaction on
the reconciliation window
also check that the closing balance
matches the closing balance on your
statement
if a transaction amount is different on
your statement you can
edit the entry by clicking on the amount
in the reconciliation window
enter the correct amount impress enter
if the difference still does not equal 0
after double checking your entries
click okay a dialog box will ask you if
you would like to make a balancing entry
for the difference
so like yes you'll see the balancing
entry in the transaction list
if the difference does equal 0 when you
are finished
click okay
you will see an or in the column to the
left to the each transaction that has
been reconciled
to change a reconcile transaction 200
Conseil
simply right-click on the transaction
and select
un reconcile transaction from the right
click menu
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