Overview
The Bank Book Balance screen displays:
- The change in the book balance since you last reconciled the bank account.
The change is explained in terms of the total deposits and withdrawals processed for the bank.
- The balance of the associated G/L account as of the reconciliation date. (You need security authorization for General Ledger to view this information.)
A difference between the book balance and the G/L balance may indicate that there are unposted G/L batches. To ensure that the book balance and the G/L account are reconciled, you need to create any outstanding G/L batches (unless you use the option to create them during posting), and then post the batches in General Ledger.