Objective
To ensure accurate matching of Stripe and Airbnb deposits with bank records during the monthly bank reconciliation process.
Key Steps
1. Open Bank Reconciliation Page 0:03
Navigate to the bank reconciliation page.
Click the blue 'Reconcile Items' button.
2. Review Unmatched Bank Records 0:18
Check the left column for unmatched bank records from the bank feed.
Review the suggested matches in the right column.
3. Create Transactions if No Suggested Match 0:43
If there is no suggested match, create a transaction in VRTrust's Accounting Records.
4. Enter Reconciliation Period 1:04
Input the reconciliation period under review.
5. Match Airbnb Deposits 1:16
Search for all Airbnb deposits in the unmatched bank records column.
Select the match button for each Airbnb deposit to reconcile.
6. Match Stripe Transactions 1:35
After matching Airbnb deposits, search for and match all Stripe transactions.
7. Check Connection Status 1:44
If a transaction lacks a suggested match, verify that both Stripe and Airbnb connections show a green status checkmark.
8. Fetch Missing Transactions 2:01
If connections are green, select the ellipses (three dots) next to the connection.
Choose 'Fetch Connection', select all types, and set a previous date range to capture missing transactions.
9. Refresh Screen 2:16
After fetching, refresh the screen.
Look for a yellow status icon indicating transactions are still being fetched.
10. Confirm Fetching Completion 2:27
Wait for the green check mark to appear, indicating fetching is complete.
Return to the bank reconciliation page to match any remaining deposits.
Cautionary Notes
Ensure that all connections are properly set up before starting the reconciliation process.
Double-check for any discrepancies after matching transactions.
Tips for Efficiency
Regularly check the connection status of Stripe and Airbnb to avoid delays in fetching transactions.
Keep a checklist of the steps to streamline the reconciliation process each month.