Reconciling Cash Accounts

Use this form to balance each cash account with your bank statement by clearing checks/vouchers, deposits, and other cash items that have been entered in the Accounts Payable, Accounts Receivable, Direct Deposit, Electronic Funds Transfer for A/P, General Ledger, and Payroll modules. Each time a transaction is recorded to a cash account, it is recorded in a subsidiary ledger thereby giving you the ability to reconcile and report on these transactions. You can also enter bank errors, a correction to the General Ledger, or other suspense items using the Reconcile Cash Accounts - Suspense Items Tab. 

During the reconciliation, you can enter Journal Vouchers, Cash Receipts, and Cash Disbursements, even Void Checks, and Post any previously unposted activity using the quick access toolbar buttons. Note that you must have full menu rights to these forms in order to view and access these buttons.

Note: When you move between tabs or click the Update button, the unreconciled difference between the bank account and the ledger balance changes to reflect the items marked as cleared.

The following tabs are available on the Reconcile Cash Accounts form. Click the link to view detailed information about each tab:

• Reconcile Cash Accounts - Summary Tab
• Reconcile Cash Accounts - Checks/Vouchers Tab
• Reconcile Cash Accounts - Deposits Tab
• Reconcile Cash Accounts - Other Cash Items Tab
• Reconcile Cash Accounts - Suspense Items Tab