RELATED IDEAS
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
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ADMIN RESPONSENov 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: https://ideas.reckon.com/ideas/RKN1-I-229
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.