Frequently Asked
Questions

Find Solutions to Common Issues Related to accounting-reports - bank reconciliation

FAQs

I need to reconcile my bank statement in the mobile app. What is the process for reconciling transactions?

In BUSY mobile app we can only see bank statment, we cant reconcile it. To reconcile your bank statement in BUSY, you can follow these Steps:
Step 1 : click on display
Step 2 : bank reconciliation
Step 3 : show all enteries
Step 4 : select your bank and open report
Step 5 : check and clear entry by shortcut key "F4"
Step 6 : after that can check reconciliation statement

How can I clear unclear entries in bank reconciliation in BUSY Accounting Software?

To clear bank entries in Bank reconciliation, follow these steps:
Step 1: Go to display section then click on bank reconciliation option
Step 2: Click on show uncleared entries then specify the bank account and date range and open the report.
Step 3: Select the required entry and then press f4 shortcut key to clear the entry.
Step 4: Mention the clearing date and specify Y to clear full voucher.

The bank statement reconciliation feature is not working. What should I do?

If the bank statement reconciliation feature is not working, you need to confirm the below reasons:
1. You need to confirm whether the weather features are enabled or not.
2. After checking the above option, you need to confirm in the Go to Display, then select Bank Reconciliation, and then you will find options such as Show All Entries, Show Uncleared Entries, Show Cleared Entries, and Reconciliation Statement.

What is the process to clear multiple references in bank reconciliation?

To clear multiple references in Bank reconciliation, follow these steps:
Step 1: Go to display section then click on bank reconciliation option
Step 2: Click on show uncleared entries then specify the bank account and date range and open the report.
Step 3: Select the required entry and then press f4 shortcut key to clear the entry.
Step 4: Mention the clearing date and specify Y to clear full voucher.

How can i clear bank entries in bank reconciliation?

To clear bank entries in Bank reconciliation, follow these steps:
Step 1: Go to display section then click on bank reconciliation option
Step 2: Click on show uncleared entries then specify the bank account and date range and open the report.
Step 3: Select the required entry and then press f4 shortcut key to clear the entry.
Step 4: Mention the clearing date and specify Y to clear full voucher.

How to Fix Bank Reconciliation Issues?

Here's a step-by-step guide to help you address bank reconciliation problems:
1. VeriFinancial Year Opening Balances.
2. Check Transaction Dates.
3. Review Uncleared Transactions.
4. VeriFinancial Year Deposits and Withdrawals from the bank statement.
5. Look for Missing Transactions.
6. Reconcile the entries and reconcile regularly.
7. Remove Duplicate Transactions.
8. Select the correct date range.
9. SpeciFinancial Year reconciliation remarks for future reference.
10. Use voucher-wise statistics to compare transaction counts with the bank statement.

I am unable to find the option to reconcile my bank statement. Can you guide me?

To reconcile bank entry in BUSY, follow these steps:
Step 1: Go to display section then click on bank reconciliation option
Step 2: Click on show uncleared entries then specify the bank account and date range and open the report.
Step 3: Select the required entry and then press f4 shortcut key to clear the entry.
Step 4: Mention the clearing date and specify Y to clear full voucher.

I need to reconcile my bank account in BUSY but the reconciliation feature does not seem to be working properly. Why can I not reconcile bank accounts?

To reconcile your accounts in BUSY, follow these steps: Step 1: Open BUSY and navigate to the Displaysection. Step 2: Choose the Bank Reconciliation you wish to reconcile. Step 3: Click on the Show UnCleared Entryoption. Step 4: Select the Bank Account and specify the date range for statement reconciliation. Step 5: Press the F4 key to clear the transactions on your bank statement.

I need to reconcile my bank account with BUSY but am having issues with linking bank feed. What should I do?

To reconcile your accounts in BUSY, follow these steps: Step 1: Open BUSY and navigate to the Displaysection. Step 2: Choose the Bank Reconciliation you wish to reconcile. Step 3: Click on the Show UnCleared Entryoption. Step 4: Select the Bank Account and specify the date range for statement reconciliation. Step 5: Press the F4 key to clear the transactions on your bank statement.

How do I reconcile books with my bank statement in BUSY?

To reconcile your accounts in BUSY, follow these steps:
 Step 1: Open BUSY and navigate to the Displaysection.
 Step 2: Choose the Bank Reconciliation you wish to reconcile.
 Step 3: Click on the Show UnCleared Entryoption.
 Step 4: Select the Bank Account and specify the date range for statement reconciliation.
 Step 5: Press the F4 key to clear the transactions on your bank statement.