Create Bank Statement Entries for Bank Interests and Fees

You can automatically create entries for bank interest and fees from Bank Reconciliation.

To create bank statement entries for bank interest and fees:

1. In the Navigation pane, select Cash Management > Bank Reconciliation.
2. On the Bank Reconciliation form, select an existing bank reconciliation record.
3. In the Bank Entries section of the Summary tab, hover over the default and user-assigned fields and click to enter the amounts for each field.
   The default fields in this section are Interest Revenue and Bank Fees. You can add more user-defined fields on the Bank Entries grid of the Bank Reconciliation tab in Settings > Cash Management > Banks.
4. Click Other Actions > Create Journal Entry.
5. On the Create Bank Transaction Entries dialog box, enter the transaction date and all the required information for the cash disbursement and receipt.
6. Click Create to generate the cash disbursement and/or cash receipt entries.
7. In the Navigation pane, select one of the following:
   • Transaction Center > Transaction Entry > Cash Disbursements
   • Transaction Center > Transaction Entry > Cash Receipts
8. Review the details of the transaction file for the journal entry.
9. Select the transaction for the cash disbursement or cash receipt entry from the list and then click Post in the grid toolbar.
   Vantagepoint prompts you when the journal entry transactions are posted and should be reflected in the bank statement.