Posting Transactions to General Ledger

                        

The following table illustrates what the general ledger entry looks like after the Bank Reconciliation Transaction Register is updated for transactions manually entered in Check, Deposit and Adjustment Entry.

Using bank code A, which is associated with cash account number 100-01-00:

Transaction
Type

Amount

 

Select For G/L Posting

Distribution Account No.

General Ledger Entry

 

 

 

 

 

 

 

 

Account
No.

Debit

 

Credit

Check

$100

selected

Expense

Cash

 

$100
(decrease)

Expense

$100

 

 

 

 

 

 

 

 

Deposit

$200

selected

Revenue

Cash

$200
(increase)

 

Revenue

 

$200

 

 

 

 

 

 

 

Adjustment

$5

selected

Expense

Cash

 

$5
(decrease)

Expense

$5

 

 

 

 

 

 

 

 

Adjustment

-$10

selected

Expense

Cash

$10
(increase)

 

Expense

 

$10

 

 

 

 

 

 

 

Bank Charge

$15

selected

Expense

Cash

 

$15
(decrease)

Expense

$15

 

For more information, see:

Reconcile Bank

Bank Reconciliation Report

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