Main Page → Bank Reconciliation → Documentation → Reconciliation → Bank Reconciliation Report


Contents

 
  • 1 What This Process Does
  • 2 Best Practices
  • 3 Bank Reconciliation Report



What This Process Does


  • This report will show all transactions that have not been cleared or have been cleared but not updated.
  • Transactions that have been updated will not select onto this report.
  • Transactions that have been reconciled for a future bank statement will be considered cleared for this report (but should not be updated).


Best Practices


  • Printing before Reconciliation - printing this report BEFORE reconciliation provides the user with a list of transactions in the bank reconciliation module, including voided checks that are considered outstanding. Any cleared transactions that were not updated would also be included.
  • Archiving - It is recommended that this report be archived using AUTOARCHIVE.
  • Book Balance - The Book Balance shown on this report should tie back to the Trial Balance by Month Report.


Bank Reconciliation Report


  1. Finance → Bank Reconciliation → Taskbar → Bank Reconciliation Report
  2. Populate applicable fields. Click the Save button when finished.
  3. Upon saving, errors and/or warnings will display if required fields are not populated.


FIELDSOpt.Rec.Req.Description
Through Transaction Date--Normally chosen as the last day of the month (Monthly Bank Statement Date)
Print Bank Summary--Shows what the cleared/updated balance, unprocessed balance and current balance is
Range on Bank ID--The bank chosen for viewing
Opt. = Optional  Rec. = Recommended  Req. = Required