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accountingreconciliationpaymentbank_statement
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Kabeer KB

Hi,

   Please help me to understand difference between `Bank statement` and `Payment using Bank Journal`. And Reconciliation using these two.

Thanks

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Pinakin Nayi (pna)
Best Answer

- Bank statement means your bank passbook or actual cash/entries in your Bank.

- While payment in Odoo using Bank journal shows balance/entries inside Odoo.


Now, periodically you have to match your Odoo Bank balance with your actual bank balance/entries. And that is reconciliation.

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