Find your current cleared balance at the bank.įinding your cleared balance can be tricky the first time-banks use all sorts of different language to describe the cleared balance.Open YNAB in one tab on your computer, and your online banking platform in another tab.Follow these steps to reconcile your accounts: To get started, you'll need your account register in YNAB, your current balance at your bank, and a list of bank transactions. And since linking your accounts brings in transactions, not balances, you'll want to reconcile all the more when using Direct Import.Ĭlicking the Reconcile button in YNAB puts green lock icons □ next to reconciled transactions, so you know how recently your balance and transactions in YNAB agreed with your bank. Because of this, it's important to reconcile all of your on-budget accounts, including checkings, savings and credit cards.Ĭlicking the Reconcile button in your account register also tells YNAB not to import previous transactions, even if the bank tries to send them again, which reduces the possibility of duplicates. We reconcile to make sure they are correct. Your budget is based on the amount and transactions in your account in YNAB. Why is reconciling your account in YNAB important? What to Expect the Next Time you Reconcile.Why is reconciling your account in YNAB important?.Let's walk through the process!Īre you on mobile? You can do this process there, too! Check out our reconciliation on mobile article for more details! In This Article If it's been awhile or you're new to reconciling, review Getting Started with Reconciling Accounts first. Reconciliation is the process of comparing the transactions and balance at the bank and the transactions and balances in YNAB to make sure they agree- and also clicking the Reconcile button in YNAB.
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