Filling In Bank Reconciliations

When you maintain bank accounts in the program, you must reconcile them on a regular basis, that is, check the entries and the balance on your accounts against the statement from the bank. The first step is to fill in the bank reconciliation header and lines.

To Fill In Bank Reconciliations:

1. Open the Bank Acc. Reconciliation window.

2. In the Bank Account No. field, click the AssistButton , and click the desired bank account code. The program automatically fills in the Statement No. and the Balance Last Statement fields based on the information on the bank account card.

3. In the Statement Date field, enter the date of the statement from the bank.

4. In the Statement Ending Balance field, enter the balance from the bank’s statement.

5. Click Functions, and then Suggest Lines.

6. In the Starting Date field, enter the starting posting date for the ledger entries to be reconciled. In the Ending Date field, enter the ending date for these ledger entries.

7. If you use the check printing features in the program, you can click the Include Checks field. This makes the program suggest check ledger entries instead of the corresponding bank account ledger entries.

8. Click OK. The program then fills in the lines.

To complete the reconciliation, you must correct the lines (if necessary), apply the entries (if necessary) and post the reconciliation.

Related Topics

Applying Two Bank Statement Transactions to One Ledger Entry

Handling Erroneous Bank Statement Transactions

Posting Transactions Recorded by the Bank Only

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