Using the Bank Reconciliation Report

The Bank Reconciliation report displays the result of the last posted bank reconciliation for each bank included in the report. It explains the difference between the bank statement and company records.

Information on the report

• The bank statement balance and the company’s cash account balance (that is, the book balance).
• The total of adjustments to the bank statement balance and to the book balance required to reconcile the difference.
• The adjusted bank statement and book balances. (The adjusted balances should be equal.)

• Adjustments to the bank statement balance and to your company's book balance.

  Adjustments to the bank balance can include:

  • Outstanding deposits.
  • Outstanding withdrawals.
  • Deposits that cleared with bank errors (the error amounts remain outstanding).
  • Withdrawals that cleared with bank errors (the error amounts remain outstanding).

  The adjustments to the book balance can include:

  • Manually entered bank entries.
  • Bank charges, such as credit card charges or bank service charges.
  • Bank errors that have been written off, such as exchange gain or loss amounts.

To print the report

1. From the Navigation Pane, select Reports > Payroll > Bank Reports > Bank Reconciliation.
2. Use the From Bank Code and To Bank Code fields to specify the range of banks to include in the report.
3. Select the Print Deposit Details option to print details about each receipt that made up the deposit. Do not select the option if you want to see only totals for deposits that have Outstanding or Cleared with Bank Error status.
4. Click Print.