Workflow to Reconcile Credit Cards

1. Create a new reconciliation
    A. Set the statement date as the ACTUAL DATE on the statement. Doing otherwise will result in outstanding transactions and a more difficult reconciliation.

2.Enter each sub-account (assigned card) ending balance by clicking in the Ending Balance field in the header, typing F4, and entering each ending balance according to the statement.

3. Reconcile each sub-account by double-clicking the line for the sub-account, and marking each line cleared as matches to the statement.

4. Reconcile any payments made to the credit card. Any payments should appear in a line titled Unassigned Transactions.
     A. If payments made to the card are being reflected in a sub-account, the payment was applied incorrectly and will need to be corrected before completing the reconciliation.

5. Apply any required adjustments (typically will be bank fees).

6. Verify any outstanding unreconciled transactions. 

7. Once the reconcliation difference is $0, process and post the reconciliation. Save the reconciliation report.