Bank reconciliation

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

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.

AccèsD provides several tools to perform your bank reconciliation
When can you reconcile your accounts?
What do you need to do bank reconciliations online?
How does online reconciliation work?
Troubleshooting - Quicken
Troubleshooting - Microsoft Money

AccèsD provides several tools to perform your bank reconciliation

If you manage your finances manually:

Select the appropriate statement. You may display the statement on-screen and print it if needed by pressing the Print button on your navigator's taskbar.

If you manage your finances with a text tool, like a word processing program:

Select the appropriate statement. You may download the statement in text (TXT) format; then, import it into your text tool and conduct your reconciliation as usual.

If you manage your finances with a spreadsheet (e.g., Lotus, Excel) or a data base (e.g., DBase, Access):

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.

If you manage your finances 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.

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When can you reconcile your accounts?

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 caisse 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

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What do you need to do bank reconciliations on line?

1. An Internet connection
2. The AccèsD service; you do not have to be signed up for the monthly statement
3. Personal finance software (Quicken 2005, or later, Microsoft Money 2004 or later)

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How does online reconciliation work?

The bank reconciliation function can be found in the left-hand menu under the Transactions/Operations tab. To reconcile a VISA Desjardins account, click on the Cards tab, select an account and click on Access/Modify account, then on Reconciliation/Download in the left-hand menu.

1. On AccèsD, select the dates and accounts for which you wish to make reconciliations
2. AccèsD will create a file in OFX format (Open Financial eXchange); this file is standard for the transmission of financial data on the Internet
3. Your personal finance software will receive the file and conduct the online reconciliation

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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.

Visit the Intuit Web site.

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Troubleshooting - Microsoft Money

Any questions about Microsoft Money should be addressed directly to Microsoft.

Visit the Microsoft Web site.

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	By phone	1-866-DCUNION (1-866-328-6466)
	At the branch (Members and non-members)	Make an appointment with an advisor at a branch.