Our How to... series gives practical tips and step by step guides on how to do lots of different things in Actionstep. We develop these based on the queries raised by customers with our support team.

Our latest How to... looks at processing Bank Reconciliations 

  • What is Bank Reconciliations?
  • Where to go in the system to process Bank Reconciliations
  • What are my options?
  • How it can help my law firm?

Ok, lets dig in...

1. First, why should I know how to do this?

Bank Reconciliations gives you an overview of your accounting records and the transactions on your bank statement. We all know this is a vital part of your Firm’s accounting process as it helps to keep your bookkeeping accurate, track costs, identifies bank errors, prevents overdraft and aids debt collection actions.

Using Actionstep for bank reconciliation is super efficient and time-saving as it automatically reconciles items that match your bank transactions through the 'electronic file' function.

2. Where do I start in Actionstep?

Navigate Create-> Bank Reconciliation

See sample image below:

See a step-by-step guide here >>

3. Opening, unlocking and deleting previous bank reconciliations

Actionstep provides the advantage of opening and unlocking previous bank reconciliations.

For changes to be made the bank reconciliation must be in ‘draft’ form and can also be unlocked and deleted.


4. How does Bank Reconciliations help my firm?

The Bank Reconciliation process built into Actionstep is adaptive and secure, enabling your firm to identify fraudulent activities, administrative issues and overall staying ahead with decision making leading to a more efficient practice.

5. Where can I find more information?

Check out our support center for full details on Bank Reconciliations>>

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Written by Actionstep Product Team