How do I set up bank reconciliation in Wave?
Bank reconciliation is an important part of managing your finances. It helps you ensure that your bank account balance is accurate and that all transactions are accounted for. Setting up bank reconciliation in Wave can help you keep track of your finances and make sure that your books are up to date. It can also help you identify any discrepancies between your bank statement and your accounting records, allowing you to take corrective action quickly.
Grace Everwood
|
8 steps
|
17 seconds
Waveapps
1
Go to [https://www.waveapps.com/](https://www.waveapps.com/) and log in to your Wave account.
2
Click the “Reconcile” button in the top right corner.
3
Select the bank account you want to reconcile from the drop-down menu.
4
Enter the ending balance from your bank statement in the “Ending Balance” field.
5
Click the “Reconcile” button.
6
Match the transactions from your bank statement to the transactions in Wave.
7
Click the “Mark as Reconciled” button for each transaction.
8
When all transactions are marked as reconciled, click the “Save” button.