Welcome to the Auxwall Gym Management Application!

In this tutorial, you will learn how to perform a comprehensive bank reconciliation using the Auxwall Gym Management Application.

Why Bank Reconciliation?

Bank reconciliation is essential for ensuring the accuracy of your financial records. It helps identify discrepancies between your gym's records and bank statements, ensuring that all transactions are accounted for.

Benefits of Bank Reconciliation:

1. Ensures accuracy in financial reporting.
2. Helps identify fraudulent activities and errors.
3. Improves cash flow management.
4. Facilitates timely financial decision-making.

Step 1: Accessing the Bank Reconciliation Section

1. A. Navigate to Accounts.
2. B. Click on the Bank Reconciliation Tab.

Step 2: Performing Bank Reconciliation

Select the Bank Account

From the reconciliation menu, choose the bank account you want to reconcile (e.g., ADCB Bank). This will display all transactions associated with that account, including the opening balance, current total, and closing balance.

For guidance on creating new Bank Account, please refer to the Create Bank Account Tutorial.

Compare Transactions

Review the transactions listed in your records and compare them to your bank statement. Mark any discrepancies for further investigation.

Adjust Entries

Make any necessary adjustments in the application based on your findings. This may include adding missed transactions or correcting errors.

Exporting Data

You can also export your reconciliation data to Excel or PDF for further analysis and record-keeping. Simply click the export option to choose your preferred format.

Thank you for following this tutorial on bank reconciliation! If you have any questions or need further assistance, please reach out. We appreciate your use of the Auxwall Gym Management Application!