Bank Account Reconciliation in NAV | Step-by-Step Setup & Transaction

Background

• The bank reconciliation feature is used to check the bank ledger entries and the balance on the accounts against the statement from the bank.

• You perform bank reconciliation to make sure that the balance in NAV (your books) and the actual balance as per Bank Statement are always matched.

• Bank reconciliation is also a practical way to discover and resolve missing payments and bookkeeping errors.

Read the full blog here:

Bank Account Reconciliation in NAV | Step-by-Step Setup & Transaction (shubhfordynamics.com)