Reconciliation

Reconciling means telling nullish what each bank movement is: a client paying an invoice, rent, a software subscription, and so on. Each one you reconcile is booked in your journal.

Open a bank account and choose Reconcile. You see every movement that's still To reconcile.

Payments matched with an invoice

When a client pays a QR-bill, the payment carries the invoice's reference. nullish recognizes it and suggests the invoice under Matched with an invoice.

• Choose Book payment to record the payment. The invoice becomes paid.
• If the amount doesn't cover the whole invoice, it stays open with what Remains due. Book the next payment the same way when it arrives.
• If the client paid too much, nullish shows it as Overpaid and books the difference.
• Wrong match? Choose Not this invoice and book the movement on an account instead.

Movements to book on an account

Everything else is listed under To book on an account:

1. Pick the Account, e.g. 6570 IT costs for a subscription.
2. Adjust the Description if you like. It's prefilled with the movement's communication.
3. Pick a VAT rate if VAT applies.
4. Choose Book.

Ignore a movement

Some movements don't need a booking. Choose Ignore to set them aside.

Caution

An ignored movement books nothing and can't be reconciled afterwards. There's no undo, so ignore with care.

Good to know

• Only movements in your organization's currency can be reconciled for now.
• A reconciled movement can't be reconciled again. Double-check before booking.
• Once nothing is left, you'll see Nothing to reconcile.