Bank reconciliation and budgets
Matching the ledger to bank statements, and tracking performance against budget.
Reconciliation
Reconcile each bank and M-Pesa account at least monthly: start a reconciliation for the account and period, tick off ledger transactions that appear on the statement, and investigate the rest until the ledger balance agrees with the statement.
Budgets
Enter budget amounts by account and period; the budget overview report compares them with actual results.
Something unclear or out of date? Tell us and we'll fix it.