Bank Transaction Matching & Reconciliation | Accounting and Bookkeeping Software | UK Compliant.
Banking in Britixo allows you to import or sync your bank feeds, match them with existing transactions, and reconcile accounts to keep your books balanced.
🔄 Match Bank Transactions
Go to Banking → Banking Feeds.
Select a Bank Account. Transactions retrieved directly from the bank or imported via file will appear in the feed.
Find the transaction you want to clear → Click on the Gear Icon.
Add Transaction → Create a new entry directly from the bank feed.
Match to Existing Transaction → Link the bank feed entry to an existing transaction.
Once successfully matched, the transaction is marked as Cleared.
If already cleared, you can Unclear it by selecting the gear icon → Uncleared.
If previously Ignored, you can also recover it by choosing Uncleared to match again.
📊 Review Bank Reconciliation Reports
Go to Reports → Reconciliation Summary or Bank Reconciliation Detail.
These reports provide a clear comparison between your bank statement and recorded transactions in Britixo.
✅ Reconcile an Account
Go to Accounting → Reconcile.
From the Account dropdown, select the account you want to reconcile.
Enter the Ending Balance and Ending Date → Click Start Reconciling.
🔍 Understanding the Reconciliation Screen
Statement Ending Balance: Closing balance from your bank statement.
Beginning Balance: Opening balance at the start of the period.
Cleared Balance: Calculated as Beginning Balance - (Payments + Deposits).
Payments: Total outgoing transactions.
Deposits: Total incoming transactions.
If the Error = 0, reconciliation is complete with no discrepancies.
If Error ≠ 0, review transactions or adjust balances.
✏️ Adjust Balances & Errors
Click Edit Info to update Ending Balance or Ending Date.
If needed, add a Journal Entry to correct discrepancies. For example, if the error is £100, a double-entry adjustment is created to balance it.
📌 Transaction List
All transactions for the reconciliation period will be displayed.
Select transactions that match your bank statement.
Use the Calculate button to recalculate balances and differences.
🏁 Finish Now
Click Finish Now to complete reconciliation.
If the difference is 0.00, reconciliation is completed successfully.
If not balanced, Britixo will create the necessary adjustment entry to bring the account to zero.
✅ By matching transactions and reconciling accounts in Britixo, you ensure your books always reflect the real bank position — giving you accurate, up-to-date financial control.