Balancing an account, also known as reconciling, is the process for ensuring that the transactions on your bank statements match the transactions youÆve recorded. Reconciling the numbers in Money with those from your bank is vital to your financial well-being. With your accounts in Microsoft Money, itÆs easy to walk through the steps for balancing. If you download transactions directly from your bank, it can take almost no time at all.

The process is generally the same whether youÆre balancing a bank account or credit card account.