Bank reconciliation

Bank reconciliation means comparing the account balance in your records with the balance in the branch's records, and being able to explain any discrepancy.

What do you need to do bank reconciliations?

An Internet connection.
The AccèsD service; you do not have to be signed up for the monthly statement.
A text tool, spreadsheet or personal finance software (Quicken 2006¹ or later, Microsoft Money 2007 or later).
Accounting software compatible with AccèsD.

How it works

If you manage your finances:


Manually	Select a statement. You may display the statement on-screen and print it if needed by pressing the Print button on your navigator's taskbar.
With a text tool, like a word processing program	Select a statement. You may download the statement in text (TXT) format; then, import it into your text tool and conduct your reconciliation as usual.
With a spreadsheet (e.g., Lotus, Excel) or a data base (e.g., DBase, Access)	Select a statement. You may download the selected CSV file and then import statement in a CSV file then import it into your text tool and complete your reconciliation as usual.
With a personal finance software program (e.g., Quicken or Microsoft Money)	Select the Bank Reconciliation function. The file produced will be recognized by the program which will reconcile your transactions on line.

Reconcile your Desjardins Credit Union accounts or your VISA Desjardins accounts

Desjardins Credit Union accounts

On the Transactions/Operations page, under Statement and research in the left-hand menu, select Bank reconciliation.

VISA accounts

Select the Cards tab, then choose an account and click in Consult/Modify an account. Then click on Reconciliation/Download in the left-hand menu gauche.

Did you know

Any difference in balances is often due to a delay from when the transaction is entered in your records and when that transaction shows up in your branch's records, as is the case for outstanding cheques, collection of service charges and interest payments.

Features

Accessible at all times

You may conduct your bank reconciliation at any time, since you are the one who selects the dates to do so. However, you should take care not to include transactions made the same day. Since a certain amount of computerized processing is done at night, it is preferable to wait until the next day to make sure you have included all the daily transactions. If you do not wait until the following day, certain transactions might never be transmitted to your personal finance program. Generally speaking, the best time to conduct your bank reconciliation is after the branch's monthly closure.

Day on which the month ends	Night on which the branch will close off its month
Sunday	Saturday to Sunday
Monday	Monday to Tuesday
Tuesday	Tuesday to Wednesday
Wednesday	Wednesday to Thursday
Thursday	Thursday to Friday
Friday	Saturday to Sunday
Saturday	Saturday to Sunday

Questions about Quicken and Microsoft Money

Troubleshooting – Quicken

Any questions having to do with Intuit's Quicken software program should be addressed directly to the Intuit company, at 1-877-844-1515.
Important: Bank reconciliations using Online Banking Booster are supported by Quicken. Should you have any questions, contact Intuit at the above-mentioned phone number.
Go to the Intuit website.

Troubleshooting – Microsoft Money

Any questions about Microsoft Money should be addressed directly to Microsoft.
Visit the Microsoft website.

Here's how

You have to be a Desjardins Credit Union member or VISA Desjardins cardholder to use AccèsD. Register for AccèsD

Reconcile your accounts




	By phone	1-866-DCUNION (1-866-328-6466)

1. Support for the 2006 version of Quicken will be discontinued on March 31, 2010.

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