how to reconcile bank statements that begin/end mid month
southlakegroup
Member Posts: 1
since WAVE defaults to bank statements starting/ending on the beginning and end of a month, how does one utilize your product when my bank statements start/end mid month (i.e. April 8 - May 7)? This is a huge showstopper for your product as your competition makes it easy to simply enter the start/end dates without limitation.
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@southlakegroup, you can set whichever date you want as the date of your statement for reconciliation. Wave doesn't really care about the start of the period. It just compares the amount on the end date from your statement to the one from your Account Transactions report and tells you if they match or not. Everything else is up to you to fix.
If you click the reconcile button when things don't match, you might have to change the date range on the report to better see things, but that's it.