Bank Reconciliation Report

Open Common Services > Bank Services > Bank Transaction Reports > Bank Reconciliation.

Overview

Note: Depending on how your system is set up, this desktop screen may also be available as a web screen. For more information, see the Web Screens Getting Started Guide or the help for Sage 300 web screens.

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 Printed on This Report

The report includes the following information:

  • The bank statement balance and the company’s cash account balance (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. More...

    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).

    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.