---
title: "Phase 5: Banking"
slug: "phase-5-banking"
description: "Phase 5: learn undeposited funds, bank expenses vs. AP payments, and complete a Bank Reconciliation against the Balance Sheet."
updated: 2025-08-21T21:27:51Z
published: 2025-08-21T21:27:51Z
canonical: "docs.restaurant365.com/phase-5-banking"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://docs.restaurant365.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Phase 5: Banking

In this phase, you will learn how to complete a Bank Reconciliation. The time and diligence you spent in the [Money In](/doc/docs/phase-2-money-in) and [Money Out](/doc/docs/phase-3-money-out) Phases will pay dividends in this phase.

### **Phase Goals**

- Understand how [Undeposited Funds](/doc/docs/undeposited-funds) work ([Bank Deposits](/doc/docs/bank-deposit))
- Understand the difference between a [Bank Expense and an AP Payment](/doc/docs/ap-payment-v-bank-expense)
- Understand [Bank Activity](/doc/docs/bank-activity-overview) and how it relates to the [Bank Reconciliation](/doc/docs/bank-reconciliation)
- Complete a [Bank Reconciliation](/doc/docs/bank-reconciliation) and reconcile it against the [Balance Sheet](/doc/docs/balance-sheet)
- Timeline: 2-3 weeks

### **Advanced Topics**

- [Bank Rules](/doc/docs/rule-vault-overview-security)
- [Bank to GL Reconciliation](/doc/docs/bank-to-gl-reconciliation)

### **What to prepare for next?**

- Transitioning to the Adoption Phase

### **Additional Resources**

- [Bank Account Record](/doc/docs/bank-account-record)
- [Direct Bank Connection](/doc/docs/direct-bank-connections-overview)
- [Multifactor Authentication](/doc/docs/direct-bank-connections-bank-accounts-with-multi-factor-authentication)
- [Importing Bank Activity](/doc/docs/bank-activity-manual-import-and-export)
- [Transaction Matching](/doc/docs/bank-activity-update-and-match-transactions)
- [BAI - Bank Account Import](/doc/docs/bai-file-transmission)

## Related

- [Phase 6: Payroll](/phase-6-payroll.md)
- [Phase 5: Scheduling](/phase-5-scheduling.md)
- [Preparing Amex Data for a QFX Converter Resource](/preparing-amex-data-for-a-qfx-converter-resource.md)
- [Phase 2: Item Management and Transactions](/phase-2-item-management-and-transactions.md)
- [Phase 1: Items In](/phase-1-items-in.md)
- [Phase 2: Money In](/phase-2-money-in.md)
- [APS Payroll: Manual Payroll Journal Entry Import](/aps-payroll-payroll-journal-entry-import.md)