Bank recon is for allocating your expenses but more importantly to check if you actually received the payments registered on your system. All payments registered towards bookings or your supplier bills are theoretical until reconciled with your bank account.


Daily recon can take you around 5min and will ensure your books are perpetually balanced and therefore have no need for month ends. It also helps you point out potential mistakes made by staff for example accidentally registering a payment as CASH instead of BANK. 


First log onto your Online Banking and download a statement / transaction history in OFX format. Then import it to Kamooni.