How to Reconciliation of Bank Transaction with Bank Entries?
Go to Menu > Cash & Bank Management > Bank Reconciliation > Automated bank reconciliation with upload - Select the bank account which statement you want to upload and then click on Menu > Reconcile this Account
It will show you all the bank transactions which you have uploaded and will also show which are not reconciled with the bank book as well.
Now click on the anywhere in bank transaction from list, It will open reconcile payment pop-up as below:
BANK STATEMENT REFERENCE ROW = This is your Bank Statement Entry
AUTOMATIC RECONCILIATION (MATCHING ENTRIES AS PER COMPANY BOOK) = It will display Bank Book Matching Entries
(Note: System will match the entries by Amount value and Reference value)
Sometime system will show multiple matching entries, in that case you must find the exact entry (by reference value) and reconcile that transaction with correct entry.
To reconcile this entry click on Reconcile button in the Matching entry section. After clicking on reconcile, that bank transaction should be removed from this reconciliation list and reconcile with selected entry.
Also after reconciling one entry, system will automatically open the next bank transaction for reconciling.
Sometimes bank entries not made in the book and not display any matching entry then in that case, you can click on NEXT button to continue with next bank transaction.
Related Articles
Automatic Bank Reconciliation
Bank reconciliation is an accounting process that enables you to check whether the information held in your accounting records matches up with the information in your bank account. Automated Bank Reconciliation helps you to do faster reconciliation. ...Automatic Bank Reconciliation
Bank reconciliation is an accounting process that enables you to check whether the information held in your accounting records matches up with the information in your bank account. Automated Bank Reconciliation helps you to do faster reconciliation. ...Bank Receipts & Payments Transaction List
Video With Timestamp 0:00 Bank Receipt Transaction List 0:34 Draft Receipt Entries 0:53 Submitted Bank Receipts 0:58 Cancelled Receipt Entries 1:38 Receipt Entries of Particular Bank Account 2:01 Receipts Entries of Particular Customer 2:24 Bank ...Bank Receipts & Payments Transaction List
Video With Timestamp 0:00 Bank Receipt Transaction List 0:34 Draft Receipt Entries 0:53 Submitted Bank Receipts 0:58 Cancelled Receipt Entries 1:38 Receipt Entries of Particular Bank Account 2:01 Receipts Entries of Particular Customer 2:24 Bank ...How to run Bank Reconciliation Statement?
Go to Menu > Cash & Bank Management > Bank Reconciliation > Bank Reconciliation Statement - It will open Bank Reconciliation Statement screen. Select the Bank Account which reconciliation statement you want see. Select the Summary date and Date range ...