Hello there, good day and welcome to Built Financial Technologies. Thank you for joining me once again for today's exercise. In today's lesson, we are going to have a look at how to prepare bank reconciliation statement on the Built accounting software.

On your screen currently, is the Built dashboard. To prepare bank reconciliation statements, you click on accounting right under product and services on the Built menu. You proceed by clicking on bank reconciliation as shown on the screen. You'll be required to select the particular account you would want to reconcile.

For the purpose of this exercise, I would choose GCB bank. You would also be required to indicate the period within which you would want to reconcile. You will enter the starting date and as well enter the closing date of the reconciliation. Furthermore, you'll be required to enter the bank statement balance as at the closing date and the closing balance is GHS 86,000 and you click on save.

And there you have it. The system has given us a reconciled position between the Built system balance and the bank statement balance. As you can see the bank statement balance records GHS 86,000 and the built balance records GHS 86,000 as well, giving us a difference of zero between the two accounts.

And at such instance, we can conclude that we have successfully reconciled the accounts. We can view the reconciliation here and as we can see here, the bank statement balance indicates GHS 86,000. The Built balance also indicates GHS 86,000 and there's a difference of zero. All the transactions that transpired within the period will be listed down here for you to review.

This is a quick tutorial on how to prepare reconciliations on the Built accounting software. Thank you for joining me and have a wonderful day.