Clearing Documents in Bank Reconciliation

                          

After all checks, deposits, and adjustments are recorded, you must enter the ending balance shown on your bank statement in the Statement Ending Balance field in Reconcile Bank. Select the Clear check box for each check, deposit, and adjustment shown on your bank statement to clear the current period activity. The amount in the Out of Balance By field is adjusted for each document selected to be cleared. Clearing checks increases the out-of-balance amount, and clearing deposits and adjustments decreases it.

If other modules are not integrated with Bank Reconciliation, you must enter all documents for the month (for example, checks, deposits, and adjustments), and select the Clear check box for each entry not shown on your bank statement.

If your bank statement does not list cleared checks in numerical order, you can use Check, Deposit and Adjustment Entry to clear monthly transactions; however, you must still use Reconcile Bank to enter the correct ending balance from your monthly bank statement before clearing checks.

When you have completed your last transaction, click the Print button in Reconcile Bank to print the Bank Reconciliation Report. Verify that the adjusted book balance and the calculated book balance on the Bank Reconciliation Report match.

For more information, see Adjust an Out-of-Balance Condition.


 

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