What This Process Does


  • This process creates deposit records in the Bank Reconciliation module for the specified Bank ID using the Deposit Date from the Receipts file (FINREC).


Requirements


  • Verification – No records will be selected unless the receipts have been verified by the source user.


Update Bank Reconciliation


  1. Finance → Financial Management → Receipts Tab → Update Bank Reconciliation
  2. Range accordingly. Click Select.
  3. The Update Bank Reconciliation Report generates. Review for accuracy.
  4. If correct, click Cancel and set your flags.
    • If incorrect, click Cancel and do NOT set flags.
    • Go to Query → Receipts → Browse to find incorrect receipt → Make correction.
    • Start back at Step 1.


FIELDSOpt.Rec.Req.Description
Range Criteria♦––Range accordingly
Opt. = Optional  Rec. = Recommended  Req. = Required


Notes


  • If the receipt record doesn't contain a deposit date, the system date (the current date) will automatically be used. The Deposit Date field in the receipt record is editable as long as the Update Bank Rec flag is FALSE.
  • All Intrafund and Interfund Electronic Transfers automatically update as deposit and electronic records in the Bank Rec module when entered and saved.
  • Receipts that are entered through the Centralized Collections (Cash Drawer) module are not included.