Bank Reconciliation - IRS Software

Bank Reconciliation

General Ledger > Bank Reconciliation

  1. Bank reconciliation is a process that explains the difference between the bank balances shown in an organization’s bank statement, compare to Statement supplied by the bank.
  2. In this process, the user(s) need to do matching and comparing figures from the accounting records to those displayed on a bank statement.
  3. User(s) are allowed to Maintain Previous Unclear Transaction when they change from old system to our system.

To Maintain Previous Unclear Transaction

  1. 1. Choose General Ledger > Bank Reconciliation.
  2. 2. Click Expand from Bank.
  3. 3. Click Maintain Previous Unclear Transaction.
  4. 4. Click Add.
  5. 5. Enter No., Cheque No., Remarks, Doc Date, DR and CR.
  6. 6. Click Save.

To Perform Bank Reconciliation

  1. 1. Choose General Ledger > Bank Reconciliation.
  2. 2. Click Expand from Bank.
  3. 3. Click Add.
  4. 4. Enter Bank Statement Date.
  5. 5. Check on Payment/ Receipt Transaction which shows in Bank Statement.
  6. 6. Click Save.
  7. 7. Listing of cleared transactions will show for the specific bank.

 

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