Adding a Bank Reconciliation

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Adding a Bank Reconciliation

To begin a new reconciliation for a bank account, you need to do the following steps:
1. From the General Ledger Module, choose the Actions "Ribbon" and the Bank Reconciliation Module step.
2. The Bank Reconciliation Setup form will be displayed.
3. Select the bank account general ledger number you want to reconcile. Then enter the beginning and ending balances from the bank statement.
4. Choose the [OK] button.
5. The Bank Reconciliation form will be displayed.
6. Once the reconciliation form is open you may begin to check off the transactions that have cleared the bank. Each time an item is checked, the Cleared Balance amount changes to reflect the adjustment.
7. When you are finished with the reconciliation press the [Save] or [Close Window] button to return to the main Module.
Note: If you have started a reconciliation and realize the items you have cleared are incorrect and would rather start over than correct your work one record at a time, you may simply click on the close button and when asked if you want to save the reconciliation, choose [No]. Another message will then appear asking you if you want to reverse the reconciliation. If that is what you want to do, choose [Yes].