Reconciling Bank Statements With or Without Importing Transactions

You can use Bank Reconciliation with or without importing transactions from a bank statement.

Using the Bank Reconciliation Application with Import Feature

After you create or select a bank statement to reconcile, you can import transactions from a statement that you have obtained from your bank. You can import bank transactions into Vision, typically at the end of the statement period.

Vision automatically matches imported bank records with posted bank transactions that have the same receipt or payment amount and transaction date, or same payment/receipt amount and reference number. This application can also suggest possible matching posted records that are within a number of days, or within an amount range, of the imported transaction.

Using the Bank Reconciliation Application without Import Feature

If you do not have bank statements to import, you can view posted bank transactions for a bank statement on the Receipts tab and the Payments tab. You compare these with paper bank statements and manually clear any transaction that matches an item on the paper bank statement.