Debit & Credit User Guide

Statement Reconciliation

How to Start Reconcilation in macOS

Right click an account in the account list and select "Statement Reconciliation…". Alternatively, you can do that via "Account" menu in the menu bar.

Debit & Credit Statement Reconiliation in macOS
How to Start Reconcilation in iOS (iPad only)

Tap on the account actions button while browsing transaction history. Select "Statement Reconciliation". Please note that this feature is not available on the iPhone.

Debit & Credit Statement Reconiliation in iOS
Reconciliation Tutorial

Statement reconciliation in Debit & Credit consists of the following four steps:

1. Enter your statement data (opening and closing balance, start and end date).
2. Check transactions that fall into the statement period. You can do that using the "Check Matching Transactions" action that will check all transactions within the statement period.
3. Reconcile your transactions in the app with the statement transactions. You need have the "Difference" figure equal to zero which means that the statement is reconciled.
4. Mark transactions you worked with as reconciled for your future reference.

Reconciliation Figures

Once you start reconciliation, you will notice that there are five additional figures displayed by the app in the bottom panel to help you reconcile your transactions:

Credits - sum of checked transactions that have income nature.
Debits - sum of checked transactions that have expense nature.
Total - your total balance for the period, the difference between debits and credits.
Statement Total - the difference between the closing and the opening balance that you have provided as a part of your statement data.
Difference - the difference between the statement total and the total calculated based on the checked transactions. It shows whether you have disparity between your statement and existing data in the app. You need to have it equal to zero to finish reconciliation.

Related topics: transaction attachments, split categories, transaction tags.