Bank Reconciliation

Presented by Melissa Wood

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Bank Reconciliationn Process & Troubleshooting

Bank Reconciliation

• G/L Cash Account Setup• G/L Control File• Reconcile Cash Accounts• Reconciliation-Related Reports• Troubleshooting• Reconciling Credit Card Accounts

G/L Cash Account Setup

• Set Account Type to “Checking, “Savings,” or “Credit Card”

• Option to Condense on Cash Account Reconciliation

Control Files

• Enable the Cash History Entry (for going live)• Cash account reconciliation options to set up

journal entry creation• Post to the holding account until the bank

deposit

Reconcile Cash Accounts

• Cash account selection criteria options• Reconciliation process

Bank Reconciliation – G/L Reports

• Bank Reconciliation History Report• Cash Account Reconciliation Report• G/L Check Register Report

Troubleshooting

• Unable to reconcile• G/L history does not match cash history• Prior month issues

Reconciling Credit Cards

• Account Type of “Credit Card”• Statement ending balance is negative• Reconciling

Thanks for Attending

www.foundationsoft.com mwood@foundationsoft.com

Bank Reconciliation Process & Troubleshooting