> For the complete documentation index, see [llms.txt](https://now-8.gitbook.io/now.-features/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://now-8.gitbook.io/now.-features/reports-and-period-close/reconcile.md).

# Reconcile

Reconciliation is the process of comparing your books in now. against your bank statement to make sure everything matches. It's how you confirm that no transactions are missing, duplicated, or wrong.

Doing this monthly is a best practice that keeps your books clean and trustworthy.

#### How to Find It

Tap the **Reconcile** tab in the bottom tab bar.

#### Before You Start

Before you can begin a reconciliation:

1. You have your bank statement for the period (you'll need the **ending balance** and **statement date**).
2. All transactions for that account through the statement date have been **categorized**. If any are still in **Needs Review** for that period, the **Start** button is disabled until you categorize them.
3. **Plaid's historical load is complete for that account.** When you've recently connected a bank, now. is still pulling older transactions. Reconcile is disabled with the message **"Historical load in progress. Reconcile after completion."** until the load finishes (or 24 hours have passed since the connection).

#### How to Reconcile

**Step 1: Select Your Account**

Swipe through the bank card carousel at the top and select the account you want to reconcile.

**Step 2: Enter Statement Details**

* **Beginning Balance** — Set automatically. For your first reconciliation it starts at $0.00. For subsequent ones it's the ending balance from your last completed reconciliation.
* **Ending Balance** — Enter the ending balance from your bank statement.
* **Ending Date** — Enter the statement date. now. suggests your last ending date plus one month as a starting point.

**Step 3: Start**

Tap **Start** to open the reconciliation statement.

#### The Statement Screen

The statement screen shows all unreconciled transactions for the selected account up to the ending date.

**Summary Section**

A running summary at the top:

**For bank accounts:**

| Line              | Description                               |
| ----------------- | ----------------------------------------- |
| Beginning Balance | From your last reconciliation             |
| Payments          | Total outgoing (checks, debits, payments) |
| Deposits          | Total incoming (deposits, credits)        |
| Ending Balance    | What your balance should be               |
| **Difference**    | Must be $0.00 to finish                   |

**For credit cards:**

| Line              | Description                   |
| ----------------- | ----------------------------- |
| Beginning Balance | From your last reconciliation |
| Charges           | Total charges to the card     |
| Credits           | Total credits and payments    |
| Ending Balance    | What your balance should be   |
| **Difference**    | Must be $0.00 to finish       |

**Transaction List**

Below the summary you'll see:

* The **Opening Balance** entry (if applicable)
* **Manual Journal Entries** that affect this account
* **All unreconciled transactions** for this account through the ending date

Tap a row to **select** it (mark as cleared). Tap again to **unselect**. Selected items are factored into the cleared balance.

You can tap into a transaction to view its full detail if you need to review or edit it.

**The Difference**

The **difference** at the bottom tells you how far off the cleared balance is from the statement ending balance.

* When the difference is **$0.00**, a checkmark appears and the **Finish** button becomes available.
* When the difference is not zero, a warning icon appears. Keep selecting or unselecting until it balances.

#### Finishing a Reconciliation

Tap **Finish** when the difference is $0.00. now. will:

* Mark all selected transactions and journal entries as reconciled.
* Record the reconciliation with the beginning balance, ending balance, and ending date.
* Set the beginning balance for your next reconciliation to this ending balance.

#### Undoing a Reconciliation

You can undo your **most recent** reconciliation for any account. This:

* Unmarks all transactions that were reconciled in that session.
* Restores the previous beginning balance.
* Removes the reconciliation record.

To undo, return to the reconcile setup screen for the account and tap **Undo** next to the last reconciliation entry.

#### Important Rules

* **Reconciled transactions cannot be deleted.** You must undo the reconciliation first.
* **Reconciliation never creates income or expenses.** It's a verification process only.
* **You must categorize all Needs Review transactions** for the account up to the ending date before starting.
* **One reconciliation at a time** per account. You can't start a new one until the current one is finished or undone.
* The suggested next ending date is your last ending date plus one month, but you can choose any date.

#### Related

* Transactions
* Connecting Your Bank
* Close Books


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