Account Reconciliation - Excel

Does this template populate a date to ReconcileDate column of the Transaction table? If so, how does it work?

This morning I reconciled Amex statement and found out that there was a missing transaction so I manually inserted it to match a total of new charges.

Have you experienced some missing AMEX transactions that Yodlee may fail to pull them?

It is essential to reconcile all Tiller-pulled transactions to match any bank or credit statement transactions! I find Troubleshoot Unbalanced Statement on Account Reconciliation very helpful.

The ReconcileDate column is where you can ‘override’ the date of the transaction in case it appears on a statement where it’s date is outside the statement period. It is not automatic, you need to manually add that date. I haven’t had any issues with AMEX transactions being missed. I do have occasional AMEX transactions that appear on the ‘wrong’ statement, so I have to use the ReconcileDate column to suggest when the date should be so the account reconciliation adds up correctly. Glad you’re liking the template so far!

Hey @jpfieber!

This is really cool. You’ve stitched together a really great solution… and I agree that the TCS Statements solution can be tedious.

Some thoughts and observations:

  • I like how the solution is forward looking without getting bogged down in logging all past statements.
  • I like the grouped debug tools you’ve implemented to problem solve— since that is an essential part of statement reconciliation workflows.
  • I like your prepend & extend features to quickly expand the date range and identify missed transactions.
  • I really like your ReconcileDate solution for moving stray transactions into the correct statement period— super clever! (I just wish you included a note about adding that column to Transactions in the Setup instructions since my worksheet wasn’t functional until it was in place.)
  • The enable/disable dropdown is a great performance optimization. We had considered implementing something similar in our TCS sheets long ago but never quite settled on a solution. (I just wish Excel made it more clear that it is a dropdown… or offered an in-cell checkbox.)
  • I’m curious if you can leverage Balance History for the balance comparisons… or if the erratic timestamps leave too much to chance…
  • It is AWESOME :star_struck: that you continue to build and support your creations with Excel and Google Sheets versions!!!

It took me a little bit to get my head around this but it is great and I think it will help a lot community members interested in statement reconciliation.

We are excited to award you a $300 gift certificate :trophy: as part of our 2022 Microsoft Excel Builders Challenge . (Thanks for your patience with this review. Had hoped to dig into it closer to posting.)

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Woops, you’re right, forgot to explain inserting the ReconcileDate column. Just added that. Thanks for the kind words, glad you like the template. It has been working well for me so far, and I much prefer it in my workflow over the options I had previously tried. I thought a bit about the Balance History, but since we can’t guarantee a user will have downloaded a balance on the closing day (and even at the appropriate time on that day) I think it would be near impossible to have them match consistently.