Expenses
Expenses are used in the profit and loss sections.
When you reconcile your bank statement, what you are doing is matching the transactions on the statement to the expenses (and income) in the system so that the two "match up".
Expenses are used in the profit and loss sections.
When you reconcile your bank statement, what you are doing is matching the transactions on the statement to the expenses (and income) in the system so that the two "match up".