How do I post the differences found in the bank reconciliation?
On Bank Reconciliation, one line per difference with its Debit Account, Credit Account and amount. Each line posts a journal entry on Save. Keep it Park until checked: a Posted reconciliation cannot be edited, deleted or reversed.
Steps
- Compare the statement with the bank account's ledger and list what is on the statement only.
- Open Bank Reconciliation, press New, fill Posting Date and Transaction Journal, Create.
- Add a line per item. Debit Account and Credit Account are both required. For bank charges: Debit charges, Credit bank.
- Save in Park, check the entries, then Edit, set Posting Status to Posted and Save.
What posts
| Document | When | Debit | Credit |
|---|---|---|---|
| Bank Reconciliation, each line | Save | The line's Debit Account | The line's Credit Account |
The screen has no Reverse. Correct a posted line with a new line in the opposite direction.