Reconciling Withdrawals

You assign this status to a withdrawal or a transfer from the bank that displays on the bank statement exactly as issued. The total amount of cleared withdrawals displays on the Totals tab of the Reconciliation window.

You assign this status to a payment or withdrawal that cleared the bank with an amount different from its issued amount, if the error is greater than the spread specified in the bank record.

When you post the reconciliation, the error is carried forward as an outstanding transaction for the next reconciliation. The Totals tab of the Reconcile Statements window shows the total amount of withdrawal bank errors for the current reconciliation.

On the Reconciliation Status Report, a withdrawal bank error displays:

• In the withdrawals section, if it will reduce the bank balance when it is corrected. Such errors include:
• Payments and withdrawals that cleared the bank with an amount less than the actual amount.
• Deposits that cleared the bank with an amount greater than the actual amount.
• In the deposits section, if it will increase the bank balance when it is corrected. Such errors include:
• Withdrawals that cleared the bank with an amount greater than the actual amount.

You assign this reconciliation status to withdrawals that clear the bank for amounts different from their issued amounts, where the difference is less than the error spread specified in the bank record.

The Totals tab of the Reconcile Statements window shows the total amount of withdrawals cleared with a write-off.