View Bank Reconciliation Summary
Use this screen to view a bank reconciliation in summary format. To load a record on this screen, fill in the
Bank Abbr,
Fiscal Year, and
Period fields in the header and click
.
Before you can view data in the 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 Bank Transactions Acceptances screens.
For General Ledger items, this screen displays the beginning book balance and the period totals for cash receipts, cash disbursements, and manual adjustments. Costpoint calculates and displays the ending book balance from this data.
For Bank Statement items, this screen displays the last bank statement ending balance, deposits in transit, outstanding checks and manual adjustments, and unmatched cash receipts and disbursements. Costpoint 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, enter a bank abbreviation, fiscal year, and period on this screen. When the summary bank reconciliation displays, you can click the various links at the bottom of the screen to access the detailed information.
The bank statement reconciliation process must 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 Print Bank Reconciliation Summary Report screen. You can also print the detail data viewed in this screen from the Print Bank Reconciliation Detail Reports screen.