Monthly Web Chat

May 10, 2012

Agenda

• Introduce ADS team

• Overview & demonstration of bank reconciliation

• Overview & demonstration of short cut keys

• Q & A

Bank Reconciliation

NOTES:

• You can start using the bank reconciliation function at anytime, by establishing the outstanding transactions.

• Banking transactions from accounts payable, accounts receivable, and bank services update the bank reconciliation form.

• Transactions posted in general ledger do not update your bank reconciliation form.

Bank Reconciliation

PROCESS:

• Open common services / bank services / bank transactions / reconcile statements.

• Enter description for reconciliation.

• Select code for bank account.

• Enter statement date, and ending balance.

• Click calculate button to update amounts on summary tab.

Bank Reconciliation

PROCESS:

• Click reconciliation tab and clear withdrawals and deposits.

• Enter bank entries (bank charges, interest, etc.).

• Click save and return to summary tab.

• If amount in the out of balance field is zero then the bank is reconciled.

• Compare bank balance to the GL balance to ensure they reconcile.

• Click save and then close form.

Bank Reconciliation

PROCESS:

• Print withdrawal status and deposit status reports.

• Post the bank reconciliation.

• Print the bank reconciliation.

Q & A

Hot Keys

Hot Keys

Hot Keys

Q & A