Applying Two Bank Statement Transactions to One Ledger Entry

To reconcile a bank account, you must fill in the reconciliation header and lines, and correct any necessary lines. If the contents of the Statement Ending Balance and Total Balance fields are not equal after correcting lines, then you must apply entries. For example, you may find that two transactions on the bank statement correspond to one bank account ledger entry in the program. In this case, you must apply the ledger entry to the bank account transactions.

To Apply Two Bank Statement Transactions to One Ledger Entry:

  1. In the Bank Acc. Reconciliation window, delete the line with the suggested ledger entry that does not correspond to a single bank statement entry.

  2. You now insert two new lines. The amounts on the lines must match the amounts on the corresponding bank statement entries (and the total amount for the two lines must equal the amount on the posted ledger entry that needs to be applied to).

  3. Click Apply Entries, and then click the Applied field on the ledger entry that corresponds to the two bank statement transactions.

The program now shows a difference on both new lines, but you will notice that the total difference equals 0.

Related Topics

Applying a Bank Statement Transaction to Two or More Bank Account Ledger Entries

Handling Erroneous Bank Statement Transactions

Posting Transactions Recorded by the Bank Only

Posting Bank Reconciliations



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