# Done and reconciled

Done means that you checked a transaction. Reconciled means that the statement agrees.

Righto keeps two different checks for each transaction. One does not replace the other.

## Done

**Done** means that you (or an agent that you trust) checked the transaction: the category or the match, the split, and the details. A [receipt](https://rightobooks.com/help/attachments-and-records.md) and a tag are optional. Done does not mean that the expense is allowed for tax, and it does not prove that the bank agrees.

## Reconciled

**Reconciled** means that the transaction is on a bank or card statement, and that the statement's [ending balance](https://rightobooks.com/help/bank-statements.md) agrees with your books for that period. It proves the books against an outside record.

The IRS tells businesses to reconcile the checking account each month: when the statement arrives, make sure that the statement and your books agree.

## Reviewed

A period where every line is Done, but where no statement balance was checked, is **reviewed**, not reconciled.

## Why you want both

- A transaction can be Done but wrong: for example, a line that you imported two times. Reconciliation finds it, because the balance does not agree.
- A period can reconcile with a wrong category. The balance agrees, but the [Profit and Loss](https://rightobooks.com/help/reports.md) is wrong. Done is the check for that.

See [Reconcile an account](https://rightobooks.com/help/reconcile.md) and [Categorize, match, and mark Done](https://rightobooks.com/help/review-transactions.md).

## Sources

- [Publication 583, Starting a Business and Keeping Records](https://www.irs.gov/publications/p583) (IRS)