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At any point the bank reconciliation can be closed by selecting the 'Back to Trust Register' button. All transactions are saved at this point, allowing the bank reconciliation to be later resumed at its current state.
Be sure to thoroughly check the bank reconciliation report before rolling to the next period. Before finalising the reconciliation check for:
- Reversal transactions, ensuring they are checked off against the original entry
- Stale cheques, cancel and re-issue if necessary
- Outstanding adjustment for the previous month have been cleared
The 'Complete Reconciliation' button is only available when the bank statement balance is in agreement with the calculated closing balance on Wise Owl Legal.
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