Find out more about reconciliation here.
- Go to Banking in your navigation bar
- Access Banks from the bottom of the screen
In order to perform reconciliation, you will first need to add your bank in Holded. Learn how here.
Occasionally, and due to circumstances related to the company's operations, you may have different bank accounts and some of them may be set up in different currencies.
Keep in mind that in the case of accounts set up in another currency, Holded will take by default the official exchange rate of the currency on the date of the statement movement. This exchange rate will vary according to the currency fluctuation. Likewise, remember that, although the amounts appear in the foreign currency, the entries are made in euros on the platform.
Reconcile invoices in another currency
- Choose the account you want to reconcile to
- Hit the Go to reconciliation button
- Click on the transaction you want to reconcile from the Bank statement lines
We recommend that you use the tabs available in the Bank statement to filter by reconciliation status: Pending, Partial, Reconciled.
- Go to the Documents section on the right-hand side
- Select the document to perform the reconciliation
- Choose whether to use the exchange rate recorded on the document (use document's conversion) or to keep the exchange rate (keep this conversion) applied on the date of the bank transaction
If you choose the exchange rate registered in the document, Holded will apply the exchange rate that was used on the day of its creation. On the other hand, if you keep the exchange rate applied on the date of the transaction, it will use the exchange rate of the date on which the transaction was generated in the bank account or, failing that, the exchange rate that was applied when importing the transaction.
Remember that you can go to the Reconciled tab from the Bank statement lines and click on a specific transaction to check against which documents it has been reconciled. These will appear on the right, in the Reconciliations section. From there, you can access the document to see more details about it.