GRAYROCK MONEY · RECONCILIATION

Check Your Balance. Understand the Difference.

Compare your recorded account balance with a bank statement. Save the result, review any difference and return to the account activity that needs attention.

Start with Grayrock Money

Explore Reconciliation Features

Statement balance checks
Saved comparison history
Review account activity

COMPARE YOUR RECORDS WITH YOUR STATEMENT

Give Each Balance Check a Clear Record.

Keep the account, statement date and comparison result together so you can review what matched and what needs attention.

Choose the Account

Select the account you want to check against its statement, keeping each currency separate.

Enter Statement Details

Record the statement’s closing date and closing balance, with an optional note for context.

Compare the Balances

See the statement balance alongside the Grayrock balance and the difference between them.

Keep a Check History

Save the comparison and return to the account activity when a difference needs investigation.

Account Reconciliation History

Review saved balance checks and investigate differences.

Check a Statement Balance

Set up an account with its currency, classification and starting balance.

KEEP THE RESULT WITHIN REACH

Save the Check. Follow Up on the Difference.

Review previous comparisons in your reconciliation history. Each saved check keeps the account, statement date and balance figures visible, with a route back to account activity.

Review Saved Checks

See the statement balance, recorded balance and difference for each saved comparison.

Find Items Needing Review

Use the displayed status and difference to identify checks that need further attention.

Return to Account Activity

Open the account’s records to investigate the transactions behind its balance.

Explore Accounts & Balances

Saving a reconciliation check records the comparison. It does not change transactions, adjust the account balance or create a balancing entry.

LOOK FOR THE REASON BEHIND THE GAP

A Difference Is a Starting Point for Review.

If the balances differ, compare the underlying records with your statement. Missing, duplicated or incorrectly dated transactions are useful places to begin.

Missing Records

Check whether activity shown on the statement has been entered or imported into Grayrock Money.

Duplicate Records

Look for transactions recorded more than once, including activity added manually and later imported.

Incorrect Dates

Check that transaction dates place the activity on the correct side of the statement closing date.

Review the Records Before Making a Correction.

A balance difference does not identify its cause by itself. Check the supporting activity and correct the relevant records rather than adding an unexplained balancing transaction.

A SIMPLE ROUTINE FOR CHECKING RECORDS

Check a Statement in Three Steps.

1. Select the Account

Choose the account that matches the statement you are reviewing.

2. Enter the Closing Figures

Add the statement closing date and closing balance. Include an optional note to identify the check.

3. Compare and Review

Save the comparison, inspect the difference and review account activity if the figures do not match.

Use the closing balance printed on the statement and keep the account currency consistent. Check the date and amount before saving.

QUESTIONS & ANSWERS

About Reconciliation

Understand what a statement check records and how to follow up when balances differ.

Need Help?

What does account reconciliation do?

It compares an account’s recorded balance in Grayrock Money with the statement closing balance you enter. The saved check shows both figures and their difference.

What information do I need?

Choose the account and enter the statement closing date and closing balance. You can also add an optional note to identify the statement or provide context.

Does saving a check adjust my account balance?

No. Saving a check records the comparison only. It does not change transactions or create an adjustment.

What should I do if the balances differ?

Review the account activity against the statement. Check for missing records, duplicate transactions, incorrect dates or other entry errors, then correct the relevant records.

Can I review earlier checks?

Yes. Reconciliation history shows saved checks with their account, statement date, balance figures and difference.

Can I check accounts in different currencies?

Check each account using its statement currency. Keep currencies separate rather than combining amounts into a single comparison.

Does a matching balance prove every transaction is correct?

No. Matching totals confirm that the compared balances agree, but individual errors can sometimes offset one another. Review transaction details when needed.

Does Grayrock Money connect to my bank to perform the check?

This workflow uses the statement details you enter. It does not establish a bank connection or automatically retrieve your statement.

KEEP YOUR RECORDS UNDER REVIEW

Bring More Clarity to Your Account Checks.

Compare statement balances, keep a history of your checks and follow up on differences with Grayrock Money.