Reconciliation basics

Reconciliation allows you to confirm that the transactions you’ve processed in RPM have cleared the bank. Follow the steps below to complete reconciliation for each of your bank accounts.

1. When you start a new month’s reconciliation, enter the appropriate “Statement Ending Date” to correspond to the ending date on your bank statement.
2. Before clearing transactions, first verify the beginning balance in RPM matches the beginning balance on your bank statement. If it does not, then something is wrong or was changed in a previous month’s reconciliation. See the Beginning balance doesn’t match? section below for instructions.
3. If the beginning balance does match your bank statement, proceed with the reconciliation. Enter the ending balance from your statement on the Reconcile screen.
4. Click Clear for the deposits that have cleared on your bank statement. When complete, the cleared subtotal and cleared count at the bottom should match the deposits total and number from your bank statement.
5. Last, click Clear for the payments that have cleared on your bank statement. The cleared subtotal and cleared count at the bottom should match the checks and other deductions total and number from your bank statement.

The difference should be zero when everything is correctly reconciled.

Click Finished to complete the reconciliation.

Video walkthrough

Beginning balance doesn’t match?

If the beginning balance on the Reconcile screen does not match the beginning balance on your bank statement, you may not be able to reconcile the current month.

Click Help when the Reconcile screen is open and follow the tips in the “Beginning Balance” section to find the problem.