3. Bank reconciliation — the biggest change
Bank reconciliation (matching the lines on your bank statement to invoices, bills and payments) has been redesigned in Odoo 16. In our installation it is powered by a modern reconciliation tool, giving a cleaner and faster matching screen than the one in Odoo 15.
How to reconcile a bank statement in Odoo 16
- Go to Accounting → Dashboard.
- On the card of your bank journal, click Reconcile.
- The reconciliation screen opens, showing each statement line on one side and the suggested matching entries on the other.
- For each line, accept the suggested match or pick the correct invoice/bill/payment, then Validate. The line turns reconciled and you move to the next one.
You can also reconcile any account or partner (not just the bank): go to Accounting → Actions → Reconcile, or open a partner / account and use the same tool to match open items together.
What is better in Odoo 16
- Clearer side-by-side matching of statement lines and accounting entries.
- Document reference is now visible. While matching, you see the Ref (the document reference) of each entry, so it is much easier to recognise the right invoice or bill.
- Statement date filled in automatically. When you add lines to a bank statement, each new line takes the date of the statement automatically, instead of defaulting to today.
- Partner bank account remembered. When you reconcile an incoming bank line that has a partner and a bank account number, the partner's bank account is filled in for you, saving a manual step next time.
What to do after the upgrade
The first time you reconcile, follow the steps above from the dashboard. The logic is the same as before (match bank line → accounting entry), just on a clearer screen.
On current versions
On the current PLANA Business Cloud, this same screen is documented in Bank reconciliation (v18).