Reconciling a credit card statement
- From the Manage
menu, click Bank Register.
- Click the Reconcile
- If the statement you want
to reconcile is not for the account listed, select a different account.
- In the Bank Statement table
at the upper right of the window, enter the date of the statement you
want to reconcile.
||If you later want to see entries for a closed statement that you have
already reconciled, you can click the statement date in the table.
- Enter the ending balance
from your credit card statement.
If you enter an incorrect date or ending balance and need to change it,
simply click it and make your changes.
- If you want to include any
comments about the statement, enter your
- The main table contains
all outstanding items not reconciled on previous statements. Ajera automatically
marks all items through the statement ending date as reconciled. As needed,
you can unmark items marked as reconciled for the statement ending date,
and you can mark any items later than the statement ending date as reconciled.
||If you open a statement that you marked as closed, the table contains
all reconciled items for the statement. If you open a statement that has
not yet been closed, the table contains all reconciled and outstanding
items for the statement.
If you need to add transactions, enter
credit card transactions by clicking the Register
the sort order or the appearance of columns, as needed.
- Clear the Cleared
check box to indicate that the financial institution did not yet post
the transaction as of the statement date.
- Clear the Reconciled
check box to indicate that a transaction does not appear on your statement.
- Click Save.
- If you are finished reconciling
the statement and the remaining amount is zero, click the Print
button at the bottom of the window to print the Bank Statement report.
Use this report to:
- Print a file copy of your credit card register, as needed.
In some cases, you may need to provide your CPA with a printout.
- Verify that the register balances to the payable account
balance in the Trial Balance. The Balance
As Of amount on the Bank Statement report should equal the Trial
Balance payable account balance for the statement date.
The Bank Reconciliation report includes an
amount for unpaid balance. The unpaid balance is the amount remaining
to pay on the vendor invoices created when you close the credit card statement.
If you make changes to the statement, click
the Save button at the bottom
of the window, and then click the Print
button to see your changes reflected in the report.
||If you need to view transactions from other statements, click Save
and then click the row for the statement you want to view.
- When the register is in
balance, click the Closed check
box for the statement in the Statement table. Ajera enters
a vendor invoice for the payment to the credit card company. After
you close a statement, you are able to enter and reconcile the next statement.
credit and debit account designations:
The credit card payable account is a liability
account. If the Balance As Of
amount appears as a positive amount, the account balance on the Trial
Balance report appears as a negative amount so as to indicate that you
owe an outstanding balance on the credit card.
Entering credit card
Opening a closed credit