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There is currently only one way of reconciling general ledger accounts: manually ticking the check box next to every single entry. This is very time-consuming if you have thousands of entries going through a GL account.
It’d be great if there was a way for iQ to automatically reconcile the entries. In theory, this should be fairly easy because in some GL accounts the amounts and order numbers match for the debits and credits.
E.g. Sales Deposit Account – credit entry when the deposit is taken, then debit entry when the invoice is raised. Ideally, iQ would recognise these entries are from the same transaction and automatically reconcile them.