Banks Book & Reconciliation

Bank Book

Menu File | General | Bank Book

This screen shows transactions with a running balance for a selected bank account. This is based on posted GL transactions to the bank GL account, originating from AP cheques, AR payments, and GL journal vouchers for opening balance and bank charges, etc.

Only recent transactions are shown. To view previous transactions use the GL History.

Bank Reconciliation

Menu File | General | Bank Reconciliation

The Bank Reconciliation is used to verify that the computer bank GL account balance matches the bank stmt closing balance after adjusting for outstanding AR deposits and AP cheques, etc.

Select a bank account to display the bank balance, total of outstanding transactions, adjusted balance, and a list of transactions that haven’t been previously reconciled.

Click to select each transaction that has cleared the bank (is no longer outstanding). This updates the total of the outstanding transactions and the adjusted balance.

If there are any bank charges or interest, etc. shown on the bank statement that haven’t been entered to the computer, do this now by JV and then refresh the list by F5 or menu View | Refresh.

When the adjusted bank balance matches the bank statement closing balance press the Reconcile button to mark the selected transactions as reconciled. They will then be removed from the list.

At any time you can close this screen using the Close (Save) button. Transactions marked as selected will continue to be selected when you return.

You can reset all previously reconciled transactions by menu Records | Unreconcile All Previously Reconciled Transactions.

Tip: You can display the source transaction (AP Cheque, etc) or JV by right-clicking to display a pop-up menu.