Selecting Transactions to Reconcile

To reconcile transactions against items on a bank statement:

  1. Display the details of the bank reconciliationClosed The process of comparing and matching transaction values against those shown on a bank statement in order to uncover any possible discrepancies..
  2. Click Reconcile Manually from the Bank Reconciliation Action section.
  3. [Optional] Click any column heading to sort the records using that column's data.
  4. Compare the transaction line item details against those shown on the bank statement.
  5. Select the relevant checkboxes in the left-hand column. Alternatively, use the checkbox in the column heading to select or deselect all transaction line items.
  6. Click Reconcile and then Confirm to reconcile the selected transaction line items.
  7. [Optional] Continue selecting transaction lines until all relevant items have been reconciled.
  8. Review the calculated totals in the Balances section of the compact summary.
  9. [Optional] Continue to add or delete lines and/or edit values.
  10. Select the relevant checkboxes in the left-hand column. Alternatively, use the checkbox in the column heading to select or deselect all transaction line items.
  11. Click Reconcile to Bank and then confirm to reconcile the selected transaction line items.
  12. [Optional] Continue selecting transaction lines until all relevant items have been reconciled.
  13. Once the Difference field in the compact summary reaches 0.00, click Commit to change the Reconciliation Status to Complete.

To reconcile transactions against items on a bank statement:

  1. Display the details of the bank reconciliationClosed The process of comparing and matching transaction values against those shown on a bank statement in order to uncover any possible discrepancies..
  2. Click Add Line Items to open the transaction line items list view page.
  3. In the View section, select an appropriate list view from the drop-down list to go directly to that list page, or click Create New View to define your own custom list view. List views let you display a list of records that match specific criteria.
  4. Click any column heading to sort the records using that column’s data.
  5. [Optional] In the Filter Transactions section, select criteria to retrieve specific transactions.
  6. Compare the transaction line item details against those shown on the bank statement.
  7. Select the relevant checkboxes in the left-hand column. Alternatively, use the checkbox in the column heading to select or deselect all transaction line items.
  8. Click Reconcile to Bank and then confirm to reconcile the selected transaction line items.
  9. [Optional] Continue selecting transaction lines until all relevant items have been reconciled.
  10. Click the link in the bank reconciliation column to return to the bank reconciliation detail page. The reconciled line items are displayed in the Bank Reconciliation Line Items section. The calculated totals in the Balances section are updated.
    Tip:

    An alternative method of returning to the bank reconciliation detail page is to click the bank reconciliation reference in the Recent Items list in the sidebarClosed Column, usually appearing on the left side of each page, providing links to recent items and other resources. The sidebar is collapsible if your administrator has enabled this option..

  11. Review the calculated totals in the Balances section.
  12. [Optional] Continue to add or delete lines and/or edit values.
  13. Once the Difference field reaches 0.00, click Commit.

Viewing the Bank Reconciliation Charges

The Bank Reconciliation Charges list page displays a list of bank reconciliation charges. From this page, you can view detailed information and access other related information.

  • Click a Bank Reconciliation charge to view the bank reconciliation charge details
  • Click Clone in bank reconciliation charge record page to create another charges line item
  • Click Edit to edit the bank charges details. When you have finished, click Save. You can also click Save & New to save the current record and create another.
  • Click New to create a bank reconciliation charge
  • Click any column heading to sort the records using that column's data.