Reconcile Bank

 

Window Details

 

How Do I...

Navigation

 

Overview

 

Fields

 

Adjust an Out-of-Balance Condition

 

Related Topics

 

 

Select Checks to Clear

Search Grid

Select Deposits and Adjustments to Clear

Integrating Other Modules with Bank Reconciliation

Bank Reconciliation Report

Bank Reconciliation Deposit and Adjustment Entry

Check, Deposit and Adjustment Entry

Positive Pay Export

Bank Reconciliation Check Entry

Effect on the Bank Balance

Role Maintenance

Accounts Payable Options

Clearing Documents in Bank Reconciliation

Manual Check and Payment Entry

Bank Reconciliation Transaction Register

 

 

 

Navigation

Select Bank Reconciliation Main menu > Reconcile Bank.

Overview

Use Reconcile Bank to enter the ending balance from your monthly bank statement at the end of each banking period. You can also check off all cleared checks, deposits, and adjustments.

The Checks tab displays all outstanding checks and indicates if they have cleared and the date they cleared. Checks voided automatically by the system when printing an alignment pattern, as well as checks that have been voided manually, are listed. Click Add Check to open the Bank Reconciliation Check Entry window and enter checks on the fly. This button is available only if the appropriate security is set up in Role Maintenance.

The Dep/Adjust tab displays all outstanding deposits and adjustments and indicates if they have cleared and the date they cleared. Click Add Dep/Adjust to open the Bank Reconciliation Deposit and Adjustment Entry window and enter deposits and adjustments on the fly. This button is available only if the appropriate security is set up in Role Maintenance.

Note Wire transfer payments updated through the Accounts Payable module display in this task.

Click the Print button to print the Bank Reconciliation Report. Verify that the adjusted bank balance amount and the calculated book balance amount on the Bank Reconciliation Report match. If the amounts do not match, you are out of balance. Refer to the Adjust an Out-of-Balance Condition procedure to correct the out of balance.

Click Bank Recap Report to review the transactions when reconciling the bank statement. Click B/R Transaction Register for the bank code selected to update the transactions to the General Ledger module. These buttons are available only with the appropriate security setup.

Fields

 

Statement Ending Balance

Out of Balance By

 

 

1. Checks

 

Check No.

Clearer

Check Date

Cleared Date

Reference

Wire Transfer No.

Payee Name

Module

Amount

Comment

 

 

2. Deposit/Adjustment

 

Document Date

Cleared

Adjustment Type

Cleared Date

Reference

Module

Amount

Comment