Bank Reconciliation

Bank Reconciliation:

1.Select Tools/Bank Reconciliation

2.Use the Drop down box to select the bank you wish to Reconcile.

3.Select the bank statement end date.
NOTE: Reconciliations for bank statements that predate statements already entered into the system are not allowed.

4.Input the Statement start balance, Note: this amount may already been completed for you by pulling the end balance of the previous bank reconciliation.

5.Input the Statement Ending balance as it appears on your current bank statement.

6.Input the service charge amount and select the account to expense the charge. (if applicable)

7.Input Interest earned amount and select the account to credit the revenue. (If applicable.)

8.Use the check box on the left hand side the mark the checks and other debits that have cleared your bank account

9.Select the Deposits and other credits that have cleared your bank account by marking them with the check box.

NOTE: Transactions can be filtered by clicking on the column header or by entering search criteria in the box underneath the column header

1.If your Cleared Balance and Statement Ending Balance match and there is no difference (difference amount will be green and $0.00), select “Reconcile Now”

*If your Cleared Balance and Statement Ending Balance DO NOT match, your difference amount will be red and will show the amount that you are out of balance.

Note: A Bank Reconciliation Adjustment will automatically be created by the program if you select “Reconcile Now” when you are out of balance.

Print a list of uncleared transactions:

1.Follow Steps 1-6 above

2.Next to “Print Item List” select the report format you wish to print the list in and select “Generate”

View Summary: