Bank Reconciliation Tab of the Banks Settings Form
Use the Bank Reconciliation tab to set up miscellaneous charges for your enterprise and to indicate if electronic payment runs will be summarized.
Contents
Field | Description |
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Summarize Electronic Payments Runs in Bank Reconciliation | Select one of two settings for this option:
Most enterprises base this setting on how the bank shows electronic payments on bank statements. |
Bank Entries Grid
Use this grid to view, add, or modify account and project information for the bank entry.
Field | Description |
---|---|
Type | By default, this column displays Interest Revenue and Bank Fees, but you can change or add entries to reflect miscellaneous charges in your organization. You can define up to four bank entry types for every bank. |
Account | Enter or select the account that is used for the explicit side of the bank transaction. For example, you can define the expense account for Bank Fees. |
Project | Enter or select a project. |
Phase | Enter or select a phase. |
Task | Enter or select a task. |
Transaction Type | From the drop-down list, select Cash Receipt or Cash Disbursement for user-defined charges. By default, Bank Fees use the Cash Disbursement transaction type and Interest Revenue uses the Cash Receipt transaction type. |
Parent Topic: Banks Settings Form