Posting Bank Reconciliations

You can post reconciliations using either the Post Reconciliation screen or the Reconcile Statements screen.

  • Ensure that General Ledger does not prohibit posting to any accounts used in the reconciliation transactions. (If you try to post to such an account, you will receive an error message.)

  • Print reports that contain information that is not available after you post the reconciliation:

    • Withdrawals Status report
    • Deposits Status report

To post bank reconciliations from the Post Reconciliation screen:

  1. Open Common Services > Bank Services > Bank Transactions > Post Reconciliation.

  2. Select All Banks to post all current reconciliations, or select Range.
  3. If you selected Range, use the From and To fields to specify the range of banks for which to post current reconciliations.
  4. Click Post.

To post bank reconciliations from the Reconcile Statements screen:

  1. Open Common Services > Bank Services > Bank Transactions > Reconcile Statements.

  2. Create a reconciliation. For more information, see Reconciling a Bank Account.
  3. Click Post.
  1. Print the reconciliation posting journal.

  2. Process G/L transaction batches. How you do this depends on the Create G/L Transactions option on the Bank Options screen:

    • If you selected Create G/L Transactions On Request:

      1. Print the G/L Transactions report, using the default settings, for a list of general ledger transactions created by Bank Services.
      2. Open the Create G/L Batch screen in the Bank Periodic Processing folder.
      3. Click Process to transfer the bank reconciliation entries to General Ledger.

    • If you selected Create G/L Transactions During Posting:

      1. General Ledger batches are created automatically. Print these batches in General Ledger by choosing the Batch Listing report in the G/L Reports folder. (If you do not know the batch numbers to print, use the Finder).
      2. Post the batches in the General Ledger using the Post Batches function. (See the General Ledger help for more information on displaying, printing, and posting batches in General Ledger.)
  3. File the reconciliation records and reports together.