Learn How to Do Bank Reconciliation Process in SwilERP

Bank Reconciliation Process

How to Do the Bank Reconciliation Process in SwilERP


Understanding the Bank Reconciliation Process

Before performing the bank reconciliation process, it's important to understand what bank reconciliation means.

Bank Reconciliation is a key accounting activity where an organization matches its bank statement with the transactions recorded in its general ledger. This process helps identify and eliminate discrepancies or errors in bookkeeping, ensuring accurate financial records.

In SwilERP, the bank reconciliation process can be easily performed through the Accounts section, allowing users to efficiently verify and reconcile their bank transactions.


The bank reconciliation process is explained here as under:-

Start with Login in the SwilERP dashboard to initiate the process:

  1. Go first to Accounts Menu.
  2. Select the Bank Reconciliation option.
Reference Image:
SwilERP Dashboard Window

Steps to Do Bank Reconciliation in SwilERP

  1. Go to the Home tab in the Bank Reconciliation window.
  2. Select the Date Range 'From to To,' and the transaction will be shown accordingly.
  3. Select the Bank Account name whose bank account transaction you want to reconcile.
  4. Now select the Re-Import option, which is given top of the window.
  5. Now you can Reconcile Bank Date as per Bank Statement.
  6. After that, Bank Statements and Account Books should be equal.
  7. To save this page, click on the Save option.

📝 Note: To check reconciled transactions, simply click on View.

Reference Image
Bank Reconciliation Window
  1. If you want to link the vouchers with the account, click on the Link With Account option.
  2. Next is Select Voucher from the drop-down list that you want to link with an account.
  3. After choosing the voucher, click on the Link option.
Reference Image
Voucher Link Window

How to Print and Preview:

  1. If the user wants to take the printout of this page, follow the below easy steps:-
  1. Go to the View section.
  2. To view the preview of the page before printing, click on the Preview tab.
  3. To take the printout, click on the Print tab.
Reference Image
Print & Preview Tab Window

How to view the reconciliation report:

  1. If the users want to view the reconciliation report, they can view it from the Home section.
  2. To view the report, click on the Reconciliation Report option.
Reference Image
Reconciliation Report Window