To complete a bank reconciliation follow the below steps:
Go to Nominal Ledger.
Click Bank Reconciliation.
Enter Bank Nominal.
Tick off postings that have cleared on your bank statement.
Once finished, click Save.
This can be done as many times as you like throughout the month.
You will notice that the Post button is greyed out when following the steps above. This is because at this point there isn't a need to enter a statement balance when ticking off and Saving your bank rec. When it comes to posting your reconciliation please follow the steps above followed by:
Take your actual bank statement balance for the date you would like to post your reconciliation to and enter it into the Statment Bal box.
The Difference field will change once the Statement Bal has been filled in. If there is still a difference, more items need to be ticked off, or it's possible there is a posting error. The Post button will become available once the difference is 0.00
Note
If an item on the bank reconciliation is incorrectly reconciled you won't be able to un-reconcile this, you will have to reconcile the other side with the other incorrect posting and make a note of what has happen.
Bank Reconciliation Report
To run a bank reconciliation report follow the steps below:
Click on Reports Tab
Click on Nominal
Double click on Bank Reconciliation Report
Click the Search tab
Scroll down to the Bank Reconciliation Report you want to view and click on the row (make note of the Reconciliation No as you can short cut the steps above by entering the number and run the report)
Click OK
Click Run Report
Follow the steps above for any bank reconciliation report you want to view.