Reconcile, Review Journals, And Lock Periods

Use this full close guide when the period is ready for close work: reconcile accounts, review journals, then lock the period.

1. Start With Reconciliation

Open Reconciliation from the client book. Use the hub to identify which accounts still need a saved report.

Confirm these before moving on:

1. The account and last four digits match the statement.
2. The previous Last reconciled and Last ending values make sense.
3. The Reports count reflects saved reconciliation evidence for completed periods.
4. The account row does not show an unresolved Difference.

2. Set Statement Context

Choose the account and enter the statement ending date and ending balance. The opening balance should come from the prior reconciliation or ledger state.

Use Start reconciling only after the selected account, opening balance, statement ending date, and ending balance match the source statement.

3. Clear Payments And Deposits

Clear every statement line. Wesley separates payments from deposits so the statement can be reviewed from both sides.

The close rule is simple: Difference must be $0.00 before the reconciliation report is saved.

4. Resolve Any Difference

When the Difference changes, use the amount as the clue. Search rows, check pagination, and compare individual checkboxes to the source statement.

If the missing item is not in reconciliation, fix the underlying transaction first. Do not save the report with a known difference.

5. Review Journals

After reconciliations are complete, inspect journal entries before locking the period. Review dates, accounts, debits, credits, memo context, and whether any recurring entries are expected.

6. Lock The Period

Close or lock the period only after reconciliation reports and journal review are complete.

Check Before You Leave

The close should leave three kinds of evidence: saved reconciliation reports, reviewed journal entries, and a locked or closed period that protects the finalized books.