Skip to content

Help wiki Everyday use

Reconcile an account

Check an account against a statement and lock in the agreement.

  1. Open the register of a bank, card, loan or investment account and choose Reconcile….
  2. Enter the statement’s date and balance.
  3. If there is a difference, Kabacus suggests the transactions that likely explain it. Open them and mark what is cleared.
  4. When it matches, write the balance check.

A balance check is an assertion that holds at the end of its day. If a later change would break it, that change is refused with a sentence naming the account, the day, and the asserted and calculated amounts. Assertions on money accounts include reserves, so moving money into a reserve never breaks them.

If the difference is not zero

Check the statement date, beginning balance, duplicate payments, missing fees, refunds and cleared status before changing amounts. A suggested explanation is a lead to inspect, not proof. Do not manufacture an adjustment only to force the difference to zero.

After a match

The balance assertion protects the agreed end-of-day balance. If a later edit is refused, inspect the named assertion and the affected transaction. Changing an assertion is a gated rewrite; the previous version remains in history.