Bank Reconciliation Walkthrough

Key Steps at a Glance

1. 1

   Export Your Bank Activity

   Sign in to your bank and download a CSV of the statement period you want to reconcile. Include date, description, amount, and (if available) a running balance.

2. 2

   Open Bank Reconciliation

   From the left sidebar, choose Bank Reconciliation. Pick the account you're reconciling and confirm the opening balance matches your bank statement.

3. 3

   Import the CSV

   Click Import CSV and drop in the file. CheckSmith.ai detects the header row automatically; adjust the column mapping if any field is misidentified, then continue.

4. 4

   Review Suggested Matches

   CheckSmith.ai proposes matches between imported bank lines and existing ledger entries. Confirm high-confidence matches in bulk and inspect anything flagged for review.

5. 5

   Categorize Unmatched Transactions

   For lines with no ledger match, assign an account and (optionally) a client or tag. Use Bulk Categorize for repetitive vendors — the Ai classifier learns your patterns.

6. 6

   Investigate Discrepancies

   If the ending balance doesn't tie, use the Difference panel to isolate missing deposits, duplicate posts, or timing differences. Add adjusting journal entries where needed.

7. 7

   Lock the Period

   Once the balances agree, click Mark Reconciled. The period is locked against edits and a reconciliation report is saved for your audit trail.