View - Accounting - Bank Reconciliation
How to reconcile an account
Select View - Accounting and Bank Reconciliation.
Click
New.
Select the N/C you want to reconcile from the drop-down list.
Enter the Closing balance
in the field for this via Active Bank
statement. The balance is located
on the bank statement. The Date should be date for the closing balance.
In the Reference
field enter the reference located on the bank statement.
The fields below Previous Bank
statement are filled out with
data from the system. The fields will be empty if you have not made any
previous reconciliations, but journals with journal type Opening Balance
(OB) will form the basis
for the Closing Balance from the
previous printout.
To retrieve the various transactions that are not reconciled you click
New in the lower half of the window.
In the window that displays you can mark transactions one by one, as you
reconcile with the account printout.
Note that you have some very useful functions
in this window. As in most list windows you can click on the column headings
to sort the list. You can click Select
all or Select none. You
can also print the reconciliation. If you click on the triangle next to
the printer icon you can export the list to Microsoft Excel.
Click OK when you have selected the items
you want reconciled.
If you are unable to reconcile all the items in this window you can
click OK. The items that are reconciled
will be saved and you can continue later with the other items.
Note!
If you made a mistake you can delete the item by clicking Delete.
You must then reconcile the item again.
As you reconcile items, the items will be
displayed in the list in the lower half of the window. When the Reconciled figure matches the Non-reconciled figure the reconciliation
can be approved. Click on Approved
to do this.
Your selected accounts have now been reconciled.
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