Effortless
Reconciliation

Ensure your records are 100% accurate. Balnzed compares your actual bank statement to your ledger, ensuring every rupee is accounted for and your business is tax-ready.

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The Professional Reconciliation Dashboard

Reconciliation is your ultimate safety check. When your Unreconciled Count is zero, your dashboard reflects your true financial health. Our streamlined interface gives you a real-time view of your Spent vs. Received transactions, with clear badges for Unmatched items that need your attention.

  • •Real-Time Data Comparison: Compare your actual Bank Statement Balance against your Ledger Balance in Balnzed to ensure they align perfectly.
  • •Automatic Best Matches: Our intelligent system scans your records for identical amounts and dates, highlighting suggestions in indigo/green for instant confirmation.
  • •Bi-Directional Sync: View the bank name, account number, and transaction history (localized to your time zone) in one unified dashboard.

Reconciliation Action Guide

Choose the specific bank account you want to verify instantly.

  • •Find and Match: Use this to search existing records when a transaction doesn't automatically line up. It prevents duplicate entries by linking your statement to an invoice or bill you’ve already recorded.
  • •Create Transaction: Found a bank entry that isn't in your books yet? Use this to instantly generate a new Income or Expense record. The system pre-fills the amount and date for you.
  • •Transfer: Perfect for moving money between your own accounts (e.g., Checking to Savings). This links both accounts and keeps your internal transfers clean and organized.
  • •Split and Match: Handle complex payments easily. If one bank statement line (e.g., Rs. 150) covers two separate expenses (e.g., $. 100 and $. 50), you can split the amount to match both perfectly.

Pro Tips for Accurate Bookkeeping

Use Match, Split, or Create until your count is zero.

  • •Find and Match First: Always try to match existing records before creating new ones to avoid doubling your expenses.
  • •Check the Badges: The "Unmatched" badge is your to-do list; aim to clear these daily or weekly to keep your books accurate.
  • •Verify Dates: Ensure the bank statement date and your transaction date align before finalizing a match.

Frequently Asked Questions

How do I match transactions?

Once you access the “Reconciliations” section, Balnzed will automatically suggest matches for your bank transactions. You can approve or edit these suggestions as needed.

What if the system doesn't find a match?

Use the Find and Match button to manually search your records or click Create to log it as a new expense.

Can I undo a reconciliation?

Yes, you can edit or adjust matched transactions through the Activity History to maintain total transparency.

Can I split a transaction if it's not fully accounted for?

Yes, you can easily split transactions right in the reconciliation screen. This feature helps you handle partial payments or mixed expenses.

What should I do if Balnzed doesn’t suggest the right match?

You can manually search for the right transaction and match it, or create a new entry (expense, transfer, etc.) if needed.

How do I create a new expense during reconciliation?

Simply click the ‘Create’ button during the reconciliation process, fill in the details, and add it to your records instantly.

Is it possible to reconcile multiple accounts at once?

Currently, you will need to reconcile each bank account separately, but Balnzed makes the process as quick and easy as possible.