By this stage you'll have entered various bank transactions, most likely some as part of the opening balances, and then various receipts and payouts in relation to rent income and charges.
You'll be well aware that in order to properly trust both the bank balance and the transactions reflected on the bank statement, you'll need to perform regular bank account reconciliations.
In this step, we'll look at how easy it is to reconcile your client account activity within Elevate against the reality of your actual bank statement. It really is a simple process - enter the balance from your statement, and tick the checkboxes to verify the various receipts and payments.
Once you get up and running with the system, we recommend that you get your opening balances reconciled right away, and then keep on top of this either daily or weekly.
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