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'Zero-Out' Method Reconciliation Tool Now Available

11/28/2018 in ClearCheckbook Updates

We've added a new reconciliation tool if Jiving isn't for you.

While we still stand behind ClearCheckbook's established reconciliation tool, Jiving, we've had many users want a more traditional way to reconcile their bank statements by zeroing out to their ending balance by selecting the transactions that appear on their statement.

The tool we built to handle this is called Zero-Out Reconciliation and can be found by clicking on the " Reconcile" link in the Account Options box at the top right side of the Transaction Register. We moved a few links around and now have the Reconcile link next to the Credit Card payment tool, Search and Export links in the Tools line.

Account Options screenshot
New layout of Account Options box (as seen by ClearCheckbook Premium members)


To quickly summarize how the Zero-Out Reconciliation tool works: you'll select an account, statement end date and the ending balance for the statement. Once done, the site will find all unjived transactions for that account. You'll select the transactions from the statement and at the end the difference between the ending balance and the selected amount should be zero.

Once you've zeroed out the statement, clicking the Reconcile button will jive all the transactions and save the statement details (with an optional memo) to your reconciliation history.

We wrote an extensive step-by-step guide that walks you through how to use the Zero-Out Reconciliation tool as well as provides some common issues and fixes for if your statement doesn't zero-out. This walkthrough can be found here: Zero-Out Reconciliation help (note: you must be logged in and have an active ClearCheckbook Premium membership to see this page / use the new tool)

Zero-Out Reconciliation Sample: The arrows point out a successfully zeroed out statement.
Zero-Out Reconciliation sample

This is new reconciliation tool is available to all ClearCheckbook Premium members. If you haven't upgraded to ClearCheckbook Premium, we encourage you to check out the included upgrades and features here. ClearCheckbook Premium upgrades are how we can keep ClearCheckbook constantly growing and improving. Please consider an upgrade if you haven't already!

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