How can I clear each day's checks without having to wait until the end of the month to clear them all?
- Reconcile the previous month's Bank Statement before beginning the current month.
- From the General Ledger Menu, click Check Register and Reconciliation.
- On the Register screen, enter the Account Number you wish to reconcile.
- Click the Bank Reconciliation button.
The Reconciliation screen displays. - Enter the Ending Statement, using today's date. You may adjust this every day. Once you know the true monthly Ending Date you may make the final adjustment. An entry is required in order to begin the Bank Reconciliation process.
- Enter today's Ending Balance. You may adjust this every day. Once you know the true monthly Ending Balance you may make the final adjustment. An entry is required in order to begin the Bank Reconciliation process.
- The system uses the Opening Balance as a starting point when you refer to the Recaps tab. Just note the Recaps tab will not be accurate until the correct Ending Balance is entered.
- Click the Deposits tab.
- Click the Checks tab.
- Select the checks that have cleared.
- Continue clearing NACHA Payments, Other Payments, Deposits, and AJE's.
- Click the Recaps tab.
- Click Finish Later. Your selections for the day are retained. Note that by selecting Finish Later your selections are cleared, but not reconciled.
- Continue clearing (not reconciling) items throughout the month.
Tip: You may want to run the Bank Reconciliation Report throughout the month and print out Cleared or Not Cleared Checks to review. Once you are finished for the month and have entered the true Bank Ending Statement Date and Ending Balance, and there are no differences to reconcile, you may want to print the Bank Reconciliation Report.
Tip: If you ever need to view or reprint the Bank Reconciliation Report, you can do so from the Bank Reconciliation History screen by clicking the pdf icon at end of the selected Statement Date.