How to Use Bank Reconciliation 2V.0

Overview

This help page describes how to use the Bank Reconciliation V2.0 within Zumzum Financials. This feature allows you to connect directly to your Bank Account, download a statement of your transactions and either match to existing transaction records in Zumzum or create a new one and automatically reconcile the two transactions.

Before you are able to use this feature you are required to perform some set-up steps. Here is the help-page that describes these steps: https://www.zumzum.co.uk/?post_type=knowledgebase&p=7531&preview=true

Download your Bank Statement

The first step is to download your transactions into Zumzum Financials from your Bank Account. The process to do so is:

1. Go to the Bank Account record you have previously connected to a bank account.
2. Click the Bank Feeds button and select Download Transactions.
3. You will then be re-directed and asked to select what Date you wish to download the transactions from. You can select Last 30 Days or Custom Date 
4. Once the date is selected click the Download Bank Transaction button. You should then be returned a success message informing you of how many transactions were downloaded.
5. Once you have reviewed the list of transactions click Save.

Match Bank Statement Lines to Zumzum Transactions

Once you have downloaded your transactions into Zumzum Financials you can begin to match them with existing records or create new ones in order to reconcile your bank account.

1. Go to the Bank Account record that you previously downloaded your transactions for.
2. Click the Bank Feeds button and selects Match Transactions.
3. On the left-hand side are the Transactions which have been downloaded and on the right-hand side, for each transaction you have three options:
   1. The Match tab are the records that match in Date and Amount
   2. You can use the Create tab to create new Bank Customer Receipt records
   3. The Find tab can be used to search for existing records and manually match them.
4. Once you are happy with the records you have matched click the Reconcile button.