Step 3 - Reconcile The Bank

You will do the following one statement at a time. If a statement consists of 2 or more pages, it should be reconciled as 1 statement:

Open Cash Management by pointing mouse and click reconcile bank.

Highlight the bank you want to reconcile and click transactions.

The reconcile screen will appear. Using tab to move between fields fill in the following:

Page number

Statement page number.

Statement start date

The start date of statement.

Ending date

The ending date of the statement.

Starting balance

Statement beginning amount.

End balance

Statement ending amount.

Click OK

The next screen is the reconciliation screen. Note the field "out of balance amount". This the difference between your starting statement amount and the ending statement amount. The statement has been fully reconciled when this field is zero.

Click the Transactions tab. You will now be in the transactions screen.

If you prefer to use the keyboard instead of the mouse the hot key (the letter with the underline) can be used with the ALT key.

Starting from the top of your bank statement find the first transaction and double click the R column. Alternatively you can click the transaction to highlight it and then click the Reconcile button.

A tick will appear in the R (reconcile) column beside the transaction.

Continue until all the transactions on the bank statement have been reconciled.

A deposit on your bank statement will be one amount, but it will be made up of separate transactions in Cash Management.