Reconcile Mode
My Checkbook offers a visual reconcile mode. When you choose "Reconciling Mode" from the Account menu, you will notice that items which have been marked as posted appear in a slightly green tint to help you focus on the items which are still outstanding (black text). As you mark items, the 'Reconciled' and 'Outstanding' balance will be updated to reflect the changes.
An item is considered "Reconciled" when it has been marked as posted. This is done because it has been seen on your bank statement, and let’s My Checkbook and you know that the item has been properly accounted for. The process of
"balancing your checkbook" is a matter of ensuring that the items you have entered agree with the items your bank has processed. This reconciliation process is what will cause your Reconciled Balance to agree with the Ending
Balance of your bank statement.
An item is considered "Reconciled" when it has been marked as posted. This is done because it has been seen on your bank statement, and let’s My Checkbook and you know that the item has been properly accounted for. The process of
"balancing your checkbook" is a matter of ensuring that the items you have entered agree with the items your bank has processed. This reconciliation process is what will cause your Reconciled Balance to agree with the Ending
Balance of your bank statement.