How do I do a bank reconciliation in Paradigm?

To do a bank reconciliation, start by opening the Menu>Banking>Bank Reconciliation form. Next, select the account to reconcile [1], and enter the reconciliation date from the bank statement [2] to hide any transactions from after the statement date (this is not a necessary step, but may be useful). If this is your first bank reconciliation in Paradigm, you will then need to specify your opening balance at the top of the form [3] (if you changed over from another system, this number will be $0). The beginning balance will be auto-filled on each reconciliation in the future, based on the last reconciliation’s ending balance. Next, enter the ending bank balance from the bank statement [4].

Check off each transaction in the list that appears on the statement [5] — you can see the remaining difference between the ending bank balance and the cleared transaction in the bottom left of the form [6]. The bottom-middle of the form contains another type of reconciliation number, comparing the ending bank balance plus the unreconciled checks and deposits to the GL account balance from the chart of accounts [7]. Both the difference in the bottom-left and bottom-middle should be 0 when all transactions have been marked as reconciled. If the differences are not zero, but are the same, there is most likely either a missing or extra transaction in Paradigm. If the differences are not the same, contact Paragon for detailed support.

Once both differences are zero, click the post button at the top of the reconciliation [8] to finalize the entry. You can then run a reconciliation report to have a physical copy of the finished reconciliation.
Note: Clicking “Unpost Previous” will unpost the previous reconciliation for the selected account and delete it. Any transactions from the previous reconciliation will then show up in this list to be reconciled again.