How to reconcile transactions?

This guide is written with MoneyWiz for Mobile in mind. Need one for Desktop? Click here!

What is reconciliation? What does it mean to reconcile a transaction? When you reconcile transactions, you double-check that the transactions you have in MoneyWiz match the ones you see on your bank. This can help you find accounting errors or fraud. This guide will teach you how to reconcile transactions.

If you have MoneyWiz for Desktop (Mac or Windows), we highly recommend reconciling there instead. See instructions here.

To begin, enter the account you wish to reconcile and tap on the pencil button in the top-right and then select Reconcile Mode. The first time you enter this mode, you'll be presented with a short description of what it is. In this mode, you simply tap on the transactions that you wish to reconcile in order to put a tick on them. Once you finish, tap on the three-dotted button in the top-right and select Exit Reconcile. You'll notice that this menu features also other options, such as set all to reconciled.

MoneyWiz for Mobile does not currently feature setting opening or closing date of your statement or display your reconciled balance. MoneyWiz for Desktop does this.