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Workspace Reckon One
Categories Banking
Created by Guest
Created on Nov 17, 2020

Reconciliation of Liability Bank Accounts

Bank Loans are usually set up as Liability Accounts not Bank Accounts.

Ability to reconcile is essential. At the moment, there is no option to reconcile a liablity account

    Nov 18, 2020

    Hi Penny. In Reckon One, the account needs to be set up in banking so the user has the option to add a bank feed (if they want to). This will then allow the account to be reconciled.

    Of course, you still may want to be able to reconcile a non bank account, so cast your vote here:

    For loans and credit cards, you currently need to select the liability option when creating a bank account.

    You'll then see the account available in your reconciliation.

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