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What do I need to start reconciling my accounts?

If you have already had Year End accounts done:

Before you can start bank reconciliation, the opening balances from your previous accounting year need to be set. These figures will either come from:

  • Yourself or your previous accountant who prepared your Year End accounts
  • Us, if you have already had your bank reconciliation and Year End accounts prepared and filed by us

If the bank balance(s) are not correct in your Year End accounts or are missing you will not be able to carry out bank reconciliation.

Important: If we did not do your previous Year End accounts, these, as well as the bank balance(s) at the date of your previous year closing, will need to be provided to your Client Manager before you can use the bank reconciliation feature.

If Crunch formed your company or it was newly formed when you joined:

Your opening bank balance(s) will have already been set at £0.00 and you'll be able to start using bank reconciliation straight away.

Last Updated: 11 Jan 2016 05:27PM GMT
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