Wave Accounting writes: Just as Wave revolutionized small business accounting, we've reinvented bank reconciliation (bank rec) to make it easier and faster. Our thanks to everyone who voted on this feature — your feedback drives our decisions!
What is bank reconciliation?
The purpose of bank reconciliation is to ensure that all the transactions on your bank statement are reflected in Wave, and to account for transactions you know about that haven't yet been processed your bank account.
We've built bank rec in Wave to be super efficient and easy. Just doing your normal bookkeeping will take you half-way there, and the rest of the steps are easy to follow.
Have a look:
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