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Overview
The Bank Reconciliation applet is used to match a company’s Books with its Bank Account. More on Bank Reconciliation
Key Concepts
| • | To initialize a bank account for first-time use in this module, enter a balance forward for a given account that represents the total of all cleared transactions that have NOT been entered in the system. |
| • | The Bank Rec. ending balance should match the Bank Statement’s ending balance. |
| • | Use the Bank Reconciliation applet to clear items as of the last statement. |
| • | For ease of use, you can hold down the shift key and select multiple rows and then click on Clear or Unclear to flag multiple transactions. Also, clicking Control + A will clear/unclear all items. |
Additional Toolbar Options
Aside from the standard toolbar options this applet has the following options:
| • | Tools - Here are additional options under the "Tools" drop-down |
| o | Show Adjustment Detail - When selected, any details in the Adjustments section will display. |
| o | Change Statement Date - When selected, you are prompted to enter a new Statement Date for the current Bank Reconciliation. |
| o | Bank Balance Forward - Here a user enters the balance forward for a given account that represents the total of all cleared transactions that have NOT been entered in the system. |
| o | Find Checks in Bank Recs - When selected, a pop-up appears that will allow a user to search for checks cleared on another bank rec. |
| o | Find Deposits in Bank Recs - When selected, a pop-up appears that will allow a user to search for deposits cleared on another bank rec. |
| • | Refresh - Refreshes the current Bank Rec. session. |
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