At some point, you will want to reconcile your records and details of an account with the actual account to assure they match. This is generally done by comparing the account in KMyMoney with a printed or electronic statement for the account issued by the institution, such as bank, credit card, loan, or any other statement. Reconciliation involves matching what you have entered, specifically the transactions since the previous reconciliation, with what the statement lists. If any discrepancies are found, either you or the person who created the statement has made a mistake.

To reconcile an account, first select the account, either from the Accounts View or in the Ledgers View. Then, either click the Reconcile icon on the Toolbar, if it is visible, or select the Account → Reconcile menu item.

A more detailed description of this topic can be found in the Reconciliation section.