Use this screen to retrieve and view a bank reconciliation in summary format.
For General Ledger items, the screen displays the beginning book balance and the period totals for cash receipts, cash disbursements, and manual adjustments. The system calculates and displays the ending book balance from this data.
For Bank Statement items, the screen displays the last bank statement ending balance, deposits in transit, outstanding checks and manual adjustments, and unmatched cash receipts and disbursements. The system calculates and displays the adjusted bank statement balance.
If you have correctly cleared checks and added any necessary reconciling items, the General Ledger and Bank Statement totals on the screen should be equal (reconciled).
To view the bank reconciliation, select a bank abbreviation, fiscal year, and period from the selection screen. Once the summary bank reconciliation displays, you can access each detail line on the reconciliation with a corresponding push button.
The bank statement reconciliation process should always be part of the internal procedures established by your company. As an alternative to viewing the data in this screen, you can print the displayed summary data from the Bank Reconciliation Summary Report screen. You can print the detail data viewed in this screen from the Bank Reconciliation Detail Reports screen.
Before you can view data in this screen, you must first run the Create Bank Transactions History process to create the Bank Transactions History and then clear checks using either the Accept Bank Transactions or Process Batch Bank Transactions screens.
In this group box, you can enter or select the desired bank abbreviation for which the bank statement reconciliation can be viewed.
Enter a valid bank abbreviation or select a bank abbreviation from the drop-down list in this required field. The bank abbreviation represents the bank account that you are reconciling with your books.
When you enter a Bank Abbr, the description for the bank abbreviation that was set up in the Maintain Company Bank Accounts screen automatically displays.
This non-editable field displays the currency in which the bank is keeping your company's funds.
In this group box, you can specify the fiscal year and period for which the bank reconciliation summary will be viewed.
Enter a valid fiscal year for which you want to view bank reconciliation data, or select a fiscal year from the drop-down box.
Enter a valid accounting period for which you want to view bank reconciliation data, or select an accounting period from the drop-down list.
Click this button to view the Bank Statement summary reconciliation. (Use the buttons in the Detail Screens group box in this subtask to access the detail transactions for each summary subtotal displayed on the bank reconciliation form.)