Bank Reconciliations

Petty Cash Accounts

You can display the opening and closing balances in debit and credit in the currency of the bank reconciliation account where the system converts the amounts using the miscellaneous company specific exchange rate table from the company on the bank reconciliation header. Note that these fields are not part of the standard Maconomy layout. The fields are only available if you have customized your Petty Cash Accounts single dialog workspace.

Print Follow Up Selection

If you include the petty cash account, you can:

• Convert the difference of the total approved balance and the petty cash account ideal level from the petty cash account currency to the base currency of the company on the petty cash account using the company specific exchange rate table for purchases from the company on the petty cash account.
• Convert the difference of the total approved balance and the petty cash account ideal level from the petty cash account currency to the enterprise currency using the new enterprise exchange rate table.

Bank Reconciliations

When performing currency conversion, Maconomy converts one currency to another using the company specific exchange rate of the company on the bank reconciliation header. Maconomy uses the miscellaneous exchange rate table if you do not specify the currency direction.

In addition, this enhancement enables you to convert from amount in account currency or from amount in bank reconciliation line currency to enterprise currency using the new enterprise exchange rate table.