Bank statements and reconciliation
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Reconciling the bank means proving every line on the statement is in your books, and every bank entry in your books is on the statement.

[0:05] Import the statement
Before importing, the books hold entries no statement has confirmed yet. Choose the file exactly as the bank exported it — CSV, Excel, PDF, OFX or MT940. The same file can never be imported twice.

[0:21] Why a line matched
Each line arrives with the entries it most likely came from, scored on amount, reference, date and party. Open a score to see why. Here two rent payments have the same amount; the date tells them apart. Confirm the right one. Nothing is posted until you do.

[0:41] Lines only the bank knew
Bank charges are on the statement but not yet in the books. Falcon suggests the ledger; you post it or save it as a draft.

[0:50] The position
As lines are confirmed, the reconciliation position shows what is left on each side — until the difference is explained. Falcon. Start free.

This video has no sound. Every word of it is in the captions and in this transcript.