Reconciliation

The Reconciliation module ensures your financial records in Arbo match the actual balances in your bank accounts. It brings all connected accounts into one place so you can systematically match system transactions against bank statements — surfacing missing entries, duplicates, or discrepancies.

Reconciliation is typically performed at regular intervals (monthly or period-end). You create reconciliation periods to organize reviews, match transactions individually or in bulk, unmatch to correct, add adjustment entries to resolve differences, and finalize to lock the period. It's central to financial control and compliance: accurate reported balances, audit support, and confidence in your statements.

Key functions

• View all connected financial accounts in one place
• Reconcile Arbo balances with bank statement balances
• Create reconciliation periods for structured review
• Match and unmatch transactions
• Add adjustment transactions to resolve differences
• Finalize periods and close accounts after successful reconciliation

Viewing connected accounts

Open Reconciliation from the main menu — all connected accounts are displayed. Click an account to view its transactions.

Creating a period

1. Open Reconciliation and click Add Period.
2. Choose the account from the Account dropdown.
3. Enter the statement ending balance date and ending balance amount.
4. Optionally add notes and attachments (supporting documents).
5. Click Save.

For an account already listed: expand the account row, click Add Period under it, enter the same details, and save.

note

A new period can be added only if it's the first period for the account, or the previous period has been finalized.

Matching and unmatching

Open a period, select transactions with the checkboxes, and mark them as matched. To unmatch, uncheck matched transactions.

Adjustment transactions

Open the period, click Add Transaction, enter income or expense details, and save — used to fix discrepancies between system records and bank statements.

Extending transactions

Click Extend Transactions within a period to include transactions occurring shortly after the period end. This option appears only when transactions occur within 10 days after the period end date.

Finalizing a period

1. Open the period and verify the Difference is $0.
2. Click Finalize and confirm to lock the period.

Resuming reconciliation

Open the account → action menu (⋯) → Resume, or click the period shown under the account.

Closing an account after reconciliation

Open the reconciled account, bring the difference to 0, click Finalize & Close, and confirm. Closed accounts and finalized periods cannot be edited.

FAQs

What does "Difference" mean? The gap between your system balance and the bank statement balance — it must be zero before finalizing.

Can I edit after finalizing? No, finalized periods are locked. You can resume only if the system allows it via the Resume option.

Balances don't match? Review unmatched transactions, check for missing entries, and add adjustment transactions if required.

When to use Extend Transactions? When transactions occur within 10 days after period end but belong in the reconciliation.

What happens when I close an account? It's fully reconciled and locked — no further edits or transactions.