Account reconciliation is the process of comparing your bank statements to the transactions recorded in Freelancer Dashboard. Reconciling regularly (monthly is recommended) catches errors and gives you confidence that your books are correct.
Starting a reconciliation #
- Go to Accounting → Reconcile.
- Select the account you want to reconcile (e.g., your checking account).
- Enter the statement ending date and ending balance from your bank statement.
- Click Start Reconciliation.
Matching transactions #
Freelancer Dashboard shows you all transactions recorded for the account during the statement period. Check off each transaction that appears on your bank statement. As you check items off, the running difference updates.
Completing the reconciliation #
When the difference reaches $0.00, your account is balanced. Click Finish Reconciliation to lock the period. Reconciled transactions are marked and protected from accidental edits.
If the difference is not zero #
Check for:
- Transactions in Freelancer Dashboard that don’t appear on your statement (or vice versa)
- Duplicated transactions
- Incorrect amounts
- Timing differences (deposits in transit, outstanding checks)
Use Accounting → General Ledger to drill into specific accounts if you can’t find the discrepancy.
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