Reconciling Accounts

If you’re a sole trader and do not have a dedicated a Sole Trader Business Bank Account, you do not need to reconcile your personal bank account. You may find the posting below useful:

You could also either use the ‘Proprietor Drawings Account’ (1202) as stated in the above posting or ‘Add a New Custom Nominal Account’ to tag all personal transactions (both money in and out ) of your personal bank account to, as a transfer to/from the ‘Proprietor Drawings Account’, that way you will be able to reconcile your personal bank account.