The Reconcile section in the admin portal allows you to reconcile your bank accounts or other financial accounts with your recorded transactions. Reconciliation is the process of comparing your internal records with external statements, such as bank statements, to ensure that they match and are in sync. In this section, we will explore the functionalities and features available for reconciling your accounts.

1. Accessing the Reconcile Section

To access the Reconcile section in the admin portal, follow these steps:

• Open your web browser and enter the URL: https://dev.openscope.in/admin/accounting/reconcile
• Log in to your admin account using your credentials.
• Once logged in, you will be directed to the Reconcile section automatically.

2. Account Selection

The Reconcile section typically allows you to select the account you want to reconcile. This can include bank accounts, credit card accounts, or any other financial accounts you need to reconcile. Choose the appropriate account from the dropdown or selection menu provided.

3. Reconciliation Listing

The Reconcile section presents a listing of transactions or entries that need to be reconciled for the selected account. The listing includes details such as the transaction date, description, amount, and reconciliation status. This listing helps you track and manage the reconciliation process for your accounts.

4. Reconciling Transactions

To reconcile a transaction or entry, follow these steps:

• Review the transactions listed for reconciliation, ensuring that they match the corresponding entries in your external statements, such as bank statements.
• Mark the checkbox or select the transactions that have been verified and match the external statements.
• Enter the relevant reconciliation information, such as the statement date and closing balance, if required.
• Save or confirm the reconciliation to indicate that the selected transactions have been reconciled successfully.

5. Viewing Reconciliation Details

Clicking on a specific transaction from the listing will allow you to view detailed information about that reconciliation. The reconciliation details page typically includes:

• Transaction Details: Information about the transaction, including the date, description, and amount.
• Reconciliation Status: The current status of the reconciliation, indicating whether it has been reconciled or still requires attention.
• Reconciliation Information: Additional details related to the reconciliation, such as the statement date, closing balance, or any notes or comments.

6. Reconciliation Reports

The Reconcile section may offer options to generate reconciliation reports for your accounts. These reports provide a summary of the reconciled transactions, outstanding transactions, or any discrepancies identified during the reconciliation process. Look for report generation buttons or options within the section to access and export reconciliation reports.