Let’s start with how to perform Account Reconciliation in Mi Property Portal
1. Click on “Accounting” on the left sidebar of the Dashboard
2. Scroll down to the “Banking” dropdown
3. Select “Reconciliation”
4. Select an Account from the dropdown
5. For instance, we are selecting the RBC Chequing Account
6. Click on “ADD PERIOD” to add an accounting transaction for that period
7. Fill in the required information and click to “Continue”
8. To make changes, click the “Edit” icon
9. Enter the correct information and click on “Update”
10. Click on the “pencil icon” on the right side, to edit a specific period
11. Click on “LOCK THIS PERIOD” to lock it. This function will disable the editing option and keep the period locked until it is unlocked
1. Confirm by clicking “Yes, Lock This Period”
13. To unlock, click on “THIS PERIOD HAS BEEN MARKED AS LOCKED”
14. Confirm by clicking “Yes, Unlock This Period”
15. If a period is reconciled, the header will show as GREEN. If it is not reconciled, the header will be RED
In this video, we showed you how to do account reconciliation. I hope it helped! See you next time! Thanks for watching.