How do I do an account reconciliation for the first time?

How to do the account reconciliation for the first time in Sage 50 Accounting.

CAUTION: Use caution when working with the below product functionality. Always create a backup of your data before proceeding with advanced solutions. If necessary, seek the assistance of a qualified Sage business partner, network administrator, or Sage customer support analyst.

For hands-on instruction on reconciling, importing, and troubleshooting unreconciled bank accounts, see Reconciling bank accounts training.

1. Select Tasks, Account Reconciliation.
2. Select the Account to Reconcile at the top of the screen.
3. Change the Statement Date to the last day of the month before your first month you’re going to reconcile. For example, if you're going to start using the account reconciliation feature in Jan, 2025, change the Statement Date to Dec 31, 2024.
4. Place a check in the Status box next to each transaction that was previously cleared through your bank.
   • The Unreconciled Difference isn’t going to be zero. This is OK because you aren’t reconciling this month
5. Click OK to save and close the Account Reconciliation.
6. You’re now ready to reconcile your bank account for the next month as normal.

See How to reconcile a bank account for further instructions.