Preparing for Bank Reconciliations

Size: px
Start display at page:

Download "Preparing for Bank Reconciliations"

Transcription

1 Contents About Preparing for Bank Reconciliations What is Reconciled Preparing for the Reconciliation Selecting the Bank Account and Period About Preparing for Bank Reconciliations Bank Reconciliation is the method used to reconcile your bank statement within PCLaw TM. Bank Reconciliation aids in reconciling your bank statements to your PCLaw TM bank journals. This is the first in a series of documents for Bank Reconciliation. See the Practice Management Document Library in the Support Center for additional documentation. What Is Reconciled PCLaw TM s Bank Reconciliation reconciles two items: the bank account to the statement received from the banking institution the general or trust bank journal in PCLaw TM. Although a relationship exists between the bank journal and its associated general ledger account and bank account summary, it is possible for a discrepancy to exist between these items without it affecting the bank reconciliation. Bank Statement reconcile to statement reconcile to bank journal Bank Journal (general or trust) Gen Bank Acct # (10##) or Trust Bank Acct # (11##) Bank Account Summary (Bank Balance icon) If a discrepancy exists between the Bank Account Summary and the Bank journal, run a verify data integrity on General or Trust Bank Account and Entries. Verify Data Integrity is located on the Tools pull-down menu. If a discrepancy exists between the general ledger bank account and the Bank journal, return to the date when the two reports last balanced and then isolate the day the reports no longer reconciled. Run both reports for a period, compare the totals, and then rerun the reports for half of the period. Repeat this process for the period half that the totals do not match until you are down to a single day. An adjustment must be made on that date.

2 Preparing for the Reconciliation A bank reconciliation involves three stages of preparation. Organizing Prior Documentation Preparing the Current Bank Statement Updating the Bank Journal. If this is the first reconciliation for an account in PCLaw TM, ensure the opening balance is correctly entered. Add general bank opening balances through Tools > General Bank Opening Balances. Add trust bank opening balances through Tools > Matter Opening Balances. Organizing Prior Documentation The preparation materials may differ depending on whether this is the first reconciliation for this account or one in an ongoing chain of reconciliations. If this is the first reconciliation for this account or the reconciliation has been reset, you will require the following: the period bank statement from your banking institute cancelled checks, debit memos, credit memos that came with the bank statement the bank reconciliation for the month prior to the current bank reconciliation. The bank reconciliation for the prior month should include an Outstanding Items list, containing all outstanding checks, receipts, and bank errors. If a bank reconciliation is not available for the prior period, then compile a list of checks, receipts, and bank errors outstanding from prior to the current period. The items may or may not have been cleared in the current reconciliation period. copies of all deposit slips made during the statement period. If this is not your first bank reconciliation for this account in PCLaw TM, and the account has not been reset, then all outstanding items are brought forward from the prior reconciliation period. Warning: If you have reset your bank reconciliation, you will require the same preparation as you would for a first bank reconciliation. Preparing the Current Bank Statement To simplify the procedure when performing the actual bank reconciliation, review the bank statement prior to performing the reconciliation. 1. Highlight service charges, interest payments, and any other debit or credit memos that have not yet been entered into PCLaw TM. 2. Verify the bank statement against the enclosed checks. Ensure that: all returned checks appear on the bank statement checks do not appear on the bank statement that have not been returned no discrepancy exists between the check and statement amounts. 3. Sort the returned checks in numerical order. 4. Verify the bank statement against all deposit slips. Ensure that: all deposit slips appear on the bank statement no discrepancy exists between the deposit slip and statement amounts. By reviewing the bank statement ahead of time, you are checking for possible errors and determining the tasks to performed in PCLaw TM before starting the reconciliation. Page 2

3 Updating the Bank Journal Add items appearing on the bank statement that are not correctable errors into PCLaw TM. 1. Use a check to enter debit memos and service charges. For the general bank, use Data Entry > General Bank > Check. For the trust bank, use Data Entry > Trust Bank > Check. 2. Use a receipt to enter credit memos and interest payments. For the general bank, use Data Entry > General Bank > Firm Receipt. For the trust bank, use Data Entry > Trust Bank > Receipt. 3. Since bank memos are not actual checks or receipts, use abbreviations for the check or receipt number. For example, for service charges use SC, for Interest use INT etc. Warning: A check or receipt cannot be posted to a trust account without a matter number. Many bar associations and law societies do not allow a miscellaneous matter to be set up to accommodate adjusting entries as described above. You may wish to advise your banking institute to post any trust debit or credit memos that are not associated with a matter to your general operating account. Consult your local bar association or law society for the proper rules and procedures in your area. 4. Enter new bank errors on the Mark Items window of the bank reconciliation. Do not enter new bank errors as a check or receipt. 5. Enter outstanding bank errors from a prior period as prior items if this is the first reconciliation for this account or the account has been reset. If this is not the first reconciliation for this account, outstanding bank errors are carried forward automatically. No pre-reconciliation preparation is required for existing bank errors from a prior period. 6. Reverse NSF checks received from clients by using the Void/NSF button on the General or Trust bank tab of the Register. Use the date the check is returned from the banking institute in the reverse receipt window. NSF checks can also be reversed by entering a negative Firm Receipt, Receive Payment, General Retainer or Trust Receipt. The invoice number of the original payment must be included when reversing the payment. Note: Add all bank statement adjusting entries within the date range of the reconciliation period. Page 3

4 Selecting the Bank Account and Period Pull-down Menu: Tools > Bank Reconciliation Quick Step: End of Month/Year > Bank Reconciliation Once preparation for the bank reconciliation is complete, you are ready to start the reconciliation. The Bank Reconciliation - Select Account window General Select to reconcile a general bank account. Trust Select to reconcile a trust bank account. Acct Select the account number of the bank to be reconciled This number is linked to whether the General or Trust account is selected in the preceding box. Start Date Select the period start date from the bank statement This parameter is only available if this is the first reconciliation for the account or if the account has been reset. End Date Type the period end date from the bank statement The bank reconciliation period should always equate that of the bank statement Opening Balance Type the opening balance from the bank statement This box is only available if this is the first reconciliation for the account or if the account has been reset. Closing Balance Type the period ending balance from the bank statement. Skip Zero Balance Receipts Check to prevent receipts with values of zero from appearing on the Mark Items window. Skip Zero Balance Checks Check to prevent checks with values of zero from appearing on the Mark Items window. Page 4

5 Read Bank Statement from Disk Check to display the Bank Statement Transaction window to load an electronic version of your bank statement: The Bank Statement Transaction File Select the format from the Select the format of the transaction file drop down list PCLaw TM reads electronic statement files from Citibank, Money, and Quicken Browse to the file location in the Specify the location of the file box Click Continue to read the statement Click Skip to proceed to the Mark Items window without reading the electronic statement file. Auto Save Every ## Minutes Check to have PCLaw TM automatically save your reconciliation work at selected intervals Type or select a time interval in the adjacent box. Use Deposit Slips Check to group receipts into their deposit slips on the Mark Items window Use Deposit Slips must be selected on the Banking tab of System Settings. Verify Bank Journal Entries Check for PCLaw TM to reindex the general or trust bank before starting the bank reconciliation. Reprint Click to Print the Bank Reconciliation report for previously saved bank reconciliations The Select Bank Reconciliations window opens Select the bank reconciliation to reprint Select the Output for producing the Bank Reconciliation report. Prev Rec Click to reopen to the previously saved bank reconciliation. PCLaw TM prompts you for confirmation prior to reopening the bank reconciliation: This button is available only after at least one reconciliation has been saved for the selected account. Only one reconciliation may be reopened at a time. Page 5

6 Reset Click to reset the bank reconciliation for the selected account Warning: Once a bank reconciliation is reset, it cannot be undone PCLaw TM prompts you for confirmation and then issues a second confirmation prompt. Once a reconciliation for a bank account is reset, it is essentially a new reconciliation All outstanding checks, receipts and bank errors must be re-entered in the bank reconciliation as Prior Items. OK Click proceed to the Mark Items window. PCLaw TM will prompt you if an amount was not entered in the Ending Balance box: Click Yes to display the Mark Items window. Click No to return to the Select Account window to modify the ending balance. Page 6

Receiving Payment in Foreign Currency

Receiving Payment in Foreign Currency Receiving Payment in Foreign Currency Contents An Example Preparing PCLaw for Foreign Currency Receiving Funds in Foreign Currency Performing Month End Procedures An Example To better illustrate the procedures

More information

Click the Entries tab to enter transactions that originated at the bank.

Click the Entries tab to enter transactions that originated at the bank. Reconciling Bank Statements If this is the first time you have reconciled a bank statement for this company, you must prepare your bank accounts. See Chapter 4, Setting Up Bank Services, in the Tax and

More information

CALCASIEU PARISH SCHOOL BOARD SCHOOL ACTIVITY FUNDS EPES ACCOUNTING PROCEDURES MANUAL

CALCASIEU PARISH SCHOOL BOARD SCHOOL ACTIVITY FUNDS EPES ACCOUNTING PROCEDURES MANUAL CALCASIEU PARISH SCHOOL BOARD SCHOOL ACTIVITY FUNDS EPES ACCOUNTING PROCEDURES MANUAL TABLE OF CONTENTS CPSB SAF EPES Procedures Manual START UP 4 Log in 4 Main Screen 5 Exit 5 UTILITIES 5 Preferences

More information

Step 3. Clear Withdrawals, Data Entry Errors, and Bank Errors

Step 3. Clear Withdrawals, Data Entry Errors, and Bank Errors Reconciling Bank Statements If this is the first time you have reconciled a bank statement for this company, you must prepare your bank accounts. See Chapter 4, Setting Up Bank Services, for the procedure.

More information

Blue Bear/SchoolBooks Transfers, Adjustments & Bank Reconciliation QR Guide

Blue Bear/SchoolBooks Transfers, Adjustments & Bank Reconciliation QR Guide Transfers and Adjustments Transfer Entry Use Transfers to move money between fund accounts (non-cash accounts). Transfers do not change the cash balance of any bank account. The Transfer Entry Both the

More information

Managing Company Credit Cards

Managing Company Credit Cards Managing Company Credit Cards Contents About Managing Company Credit Cards Managing Credit Cards as Vendors Managing Credit Cards as Short Term Liabilities Paying by General Check Without Posting the Statement

More information

Closing the Month for Cash Accounting

Closing the Month for Cash Accounting Contents About Closing the Month for Cash Accounting Producing General Ledgers Reconciling the General Bank Reconciling the Trust Bank Performing End of Month About Closing the Month for Cash Accounting

More information

FINACS INVENTORY Page 1 of 9 INVENTORY TABLE OF CONTENTS. 1. Stock Movement...2 2. Physical Stock Adjustment...7. (Compiled for FINACS v 2.12.

FINACS INVENTORY Page 1 of 9 INVENTORY TABLE OF CONTENTS. 1. Stock Movement...2 2. Physical Stock Adjustment...7. (Compiled for FINACS v 2.12. FINACS INVENTORY Page 1 of 9 INVENTORY TABLE OF CONTENTS 1. Stock Movement...2 2. Physical Stock Adjustment...7 (Compiled for FINACS v 2.12.002) FINACS INVENTORY Page 2 of 9 1. Stock Movement Inventory

More information

Reconciling a Bank Statement

Reconciling a Bank Statement Reconciling a Bank Statement 1. Under Data Adjustments Receipt add interest Claim take out bank charges 2. Under Check Recon Reconcile Bank Statement a. Always do trial first b. Fill in information, then

More information

Bank Reconciliation: Improvements for the Shelby v5 Spring 2006 Release

Bank Reconciliation: Improvements for the Shelby v5 Spring 2006 Release Bank Reconciliation: Improvements for the Shelby v5 Spring 2006 Release After loading the spring 2006 release, you will notice a few major improvements to the Bank Reconciliation module that will assist

More information

NEXTGEN BUDGETARY ACCOUNTING TRAINING

NEXTGEN BUDGETARY ACCOUNTING TRAINING NEXTGEN BUDGETARY ACCOUNTING TRAINING TRANSACTIONS I. Vendor Maintenance II. III. IV. Requisition Entry - Routing Purchase Order Entry Accounts Payable - Invoice Entry V. Accounts Payable - Cash Disbursements

More information

PCLaw Data Import Module

PCLaw Data Import Module Contents PCLaw Data Import Module About the Data Import Module Before You Begin Starting the Data Import Module Importing Clients and Matters Importing Contacts Importing Calendar and Telephone Events

More information

Bank Reconciliation WalkThrough

Bank Reconciliation WalkThrough Bank Reconciliation WalkThrough Write-Up CS version 2008.x.x TL 18915 (04/25/08) Copyright Information Text copyright 1998-2008 by Thomson Tax & Accounting. All rights reserved. Video display images copyright

More information

ACCOUNT RECEIVABLES TABLE OF CONTENTS

ACCOUNT RECEIVABLES TABLE OF CONTENTS ACCOUNT RECEIVABLES TABLE OF CONTENTS 1. SETUP CUSTOMER...2 2. CUSTOMER LISTING...6 3. CUSTOMER INVOICE...7 4. CUSTOMER INVOICE LISTING...12 5. ENTER CREDITS / REFUNDS...14 6. CUSTOMER CREDITS LISTING...20

More information

for Sage 100 ERP Bank Reconciliation Overview Document

for Sage 100 ERP Bank Reconciliation Overview Document for Sage 100 ERP Bank Reconciliation Document 2012 Sage Software, Inc. All rights reserved. Sage Software, Sage Software logos, and the Sage Software product and service names mentioned herein are registered

More information

The End of Month Closing process cuts off all sub-journal postings for the month and should be performed at the conclusion of each month.

The End of Month Closing process cuts off all sub-journal postings for the month and should be performed at the conclusion of each month. End of Month Closing The End of Month Closing process cuts off all sub-journal postings for the month and should be performed at the conclusion of each month. Closing the month involves up to five steps:

More information

for Sage 100 ERP Purchase Order Overview Document

for Sage 100 ERP Purchase Order Overview Document for Sage 100 ERP Purchase Order Document 2012 Sage Software, Inc. All rights reserved. Sage Software, Sage Software logos, and the Sage Software product and service names mentioned herein are registered

More information

BASIC ACCOUNTING and Purchase Orders

BASIC ACCOUNTING and Purchase Orders EPES School Accounting BASIC ACCOUNTING and Purchase Orders for Windows Copyrighted by Educational Programs and Software, Inc. 2000 This documentation may not be copied without written consent from EPES

More information

NEXTGEN TRAINING TRANSACTIONS. I. Vendor Maintenance. Purchase Order Entry. Invoice Entry. Cash Disbursements. V. Journal Entry Cash Receipts

NEXTGEN TRAINING TRANSACTIONS. I. Vendor Maintenance. Purchase Order Entry. Invoice Entry. Cash Disbursements. V. Journal Entry Cash Receipts TRANSACTIONS I. Vendor Maintenance II. Purchase Order Entry III. Invoice Entry NEXTGEN TRAINING IV. Cash Disbursements V. Journal Entry Cash Receipts Janet Cowart VI. VII. Queries/Reports Bank Statement

More information

Go to Tools General Ledger Setup Ledger Codes and Tab 5: Ledger Codes

Go to Tools General Ledger Setup Ledger Codes and Tab 5: Ledger Codes Debit Card Functionality in FMS6 The SIMS Spring 2015 release introduced functionality to assist schools to record the use of debit cards to pay for goods and services. Prior to this release, payments

More information

Computer Helper Publishing, Inc. 800-533-5227 www.churchwindows.com

Computer Helper Publishing, Inc. 800-533-5227 www.churchwindows.com Training 2010 Financial to Accounting Transition Book 3: Transactions & Corrections Computer Helper Publishing, Inc. 800-533-5227 www.churchwindows.com Book 3 Transactions & Corrections Basic Transactions...

More information

ACCRUAL ACCOUNTING WORKFLOW

ACCRUAL ACCOUNTING WORKFLOW ACCRUAL ACCOUNTING WORKFLOW TABLE OF CONTENTS COMPANY ACCOUNT NUMBERS... 2 POLICY ENTRY... 2 Agency Bill... 2 Direct Bill... 3 Transaction Detail... 3 CLIENT PAYMENTS... 4 Agency Billed Payment... 4 Direct

More information

HOW TO RECONCILE YOUR CASH ACCOUNTS

HOW TO RECONCILE YOUR CASH ACCOUNTS HOW TO RECONCILE YOUR CASH ACCOUNTS Monthly all accounts under 1000.00 must be reconciled (excluding the Petty Cash account or accounts where the statements may not be sent on a monthly basis in that case

More information

Chapter 11 - Banking and Reconciliation

Chapter 11 - Banking and Reconciliation Chapter 11 - Banking and Reconciliation This Section Includes: 11.1 Banks and GL Accounts 11.2 Adding Banks, Branches and Bank Accounts 11.2.1 Adding a new Bank 11.2.2 Adding a New Branch 11.2.3 Adding

More information

Amicus Small Firm Accounting: Frequently Asked Questions

Amicus Small Firm Accounting: Frequently Asked Questions Amicus Small Firm Accounting: Frequently Asked Questions Questions Administration... 3 1 How do I add another user account? 3 2 How are passwords set up and how are they used? 3 3 What does "Reset User

More information

Now What Do I Do? How to Fix Financial Fiascos. Common Receipts Questions. Page 1. Presented by Rhonda Regguinti

Now What Do I Do? How to Fix Financial Fiascos. Common Receipts Questions. Page 1. Presented by Rhonda Regguinti Now What Do I Do? How to Fix Financial Fiascos Presented by Rhonda Regguinti Common Receipts Questions Can I apply an unapplied amount from one family member to another? Answer: Yes you can if the family

More information

ACCEPTING CREDIT CARDS AS PAYMENT

ACCEPTING CREDIT CARDS AS PAYMENT ACCEPTING CREDIT CARDS AS PAYMENT Several features are included in the system to make it easier for you to accept payments from customers using their credit card. Entering credit card information during

More information

Year End Closing Procedures for Sage 100 ERP. Martin & Associates

Year End Closing Procedures for Sage 100 ERP. Martin & Associates Year End Closing Procedures for Sage 100 ERP 2014 Martin & Associates Period End/Year End FAQs Page 1 of 2 Period End/Year End FAQs Home FAQs & Troubleshooting Show/Hide All Click a question below to

More information

MAINTAINING LAWYER TRUST ACCOUNTS WITH QUICKEN 2002 BASIC

MAINTAINING LAWYER TRUST ACCOUNTS WITH QUICKEN 2002 BASIC 1 MAINTAINING LAWYER TRUST ACCOUNTS WITH QUICKEN 2002 BASIC Provided By Minnesota Lawyers Professional Responsibility Board and Office of Lawyers Professional Responsibility 1500 Landmark Towers 345 St.

More information

Bank Reconciliation Training

Bank Reconciliation Training Bank Reconciliation Training Table of Contents Exercises UAN Version 2005 1) UAN Overview 2) Bank Reconciliation #1 3) Bank Reconciliation #2 4) Bank Reconciliation #3 5) Reports Bank Rec Training - Issued

More information

How To Fix An Out Of Balance General Ledger

How To Fix An Out Of Balance General Ledger How To Fix An Out Of Balance General Ledger There are two ways the General Ledger gets out of balance. The following options will help you determine which way your General Ledger is out of balance and

More information

Changing from Accrual to Cash Accounting

Changing from Accrual to Cash Accounting Changing from Accrual to Cash Accounting Contents About Changing from Accrual to Cash Accounting Description of Accounting Methods Creating a Client Disb Expense (5010) Account Adjusting GST/Vat and Sales

More information

AgencyPro. Cash Accounting Workflow

AgencyPro. Cash Accounting Workflow AgencyPro Cash Accounting Workflow This document is a supplemental accounting guide to reiterate the general processes outlined during the first accounting training. Some of the outlined processes differ

More information

6 Managing Bank Accounts

6 Managing Bank Accounts 6 Managing Bank Accounts The Bank Account Screen allows you to add and maintain information for WinCruise bank accounts, including bank contact and account information, General Ledger accounts, checks,

More information

MAINTAINING LAWYER TRUST ACCOUNTS

MAINTAINING LAWYER TRUST ACCOUNTS MAINTAINING LAWYER TRUST ACCOUNTS WITH QUICKEN 2006 BASIC Provided By Minnesota Lawyers Professional Responsibility Board and Office of Lawyers Professional Responsibility 1500 Landmark Towers 345 St.

More information

Sage 50 Accounting. Premium 2014 Level 2. Courseware 1616-1. For Evauluation Only. MasterTrak Accounting Series

Sage 50 Accounting. Premium 2014 Level 2. Courseware 1616-1. For Evauluation Only. MasterTrak Accounting Series Sage 50 Accounting Premium 2014 Level 2 Courseware 1616-1 MasterTrak Accounting Series Sage 50 Premium Accounting 2014 Level 2 Lesson 2: Banking and Credit Cards Lesson Objectives In this lesson, you will

More information

Frequently Asked Questions

Frequently Asked Questions Frequently Asked Questions Below are responses to some of the questions most commonly answered by our Lexis Back Office Technical Support Department. Categories are: Moving Lexis Back Office time billing

More information

PCLaw is available either via download or on CD*. A download link appears in your product key email. To obtain a CD, call Sales at 800-328-2898.

PCLaw is available either via download or on CD*. A download link appears in your product key email. To obtain a CD, call Sales at 800-328-2898. PCLaw 14 Obtaining the software PCLaw is available either via download or on CD*. A download link appears in your product key email. To obtain a CD, call Sales at 800-328-2898. * Note PCLaw service packs

More information

Accounts Payable and Inventory Management

Accounts Payable and Inventory Management Accounts Payable and Inventory Management 2013 SedonaOffice Users Conference Presented by: Lisa Gambatese & Laurie Goodrich Table of Contents Accounts Payable G/L Account Defaults (AP) 4 A/P Setup Processing

More information

FAWIN Version 2.1.763 Release Notes Setting Up and Assigning Bank Rec Groups

FAWIN Version 2.1.763 Release Notes Setting Up and Assigning Bank Rec Groups FAWIN Version 2.1.763 Release Notes Setting Up and Assigning Bank Rec Groups The ability to reconcile bank statements by bank account has been added to version 2.1.763. Important Bank Reconciliation Note:

More information

COUNTY OF MENDOCINO. How to Set Up a Recurring Journal Entry. Created by: Auditor-Controller

COUNTY OF MENDOCINO. How to Set Up a Recurring Journal Entry. Created by: Auditor-Controller COUNTY OF MENDOCINO How to Set Up a Recurring Journal Entry Created by: Auditor-Controller HOW TO SET UP A RECURRING JOURNAL ENTRY (Template) This document will demonstrate how to set up the initial journal

More information

Sage 300 ERP 2012. Bank Services User's Guide

Sage 300 ERP 2012. Bank Services User's Guide Sage 300 ERP 2012 Bank Services User's Guide This is a publication of Sage Software, Inc. Copyright 2014. Sage Software, Inc. All rights reserved. Sage, the Sage logos, and the Sage product and service

More information

MAS 90 Demo Guide: Account Receivable

MAS 90 Demo Guide: Account Receivable MAS 90 Demo Guide: Account Receivable Customers, billing, and cash receipts are the lifeblood of any company. In this guide, we will look at where customers are set up, where invoices are entered, and

More information

ReviewSnap Quick Training Reference Creating a Self-Review

ReviewSnap Quick Training Reference Creating a Self-Review ReviewSnap Quick Training Reference Creating a Self-Review The ReviewSnap system features a simple self-review form that is integrated with the employee s goal set and year-end performance review. The

More information

County Accounting Manual

County Accounting Manual Transfer Funds County Accounting Manual Contents: Before Creating Transfer Transfer from Checking to Existing Savings Transfer from Checking to New Savings Move Money Direct Bank Transfer Move Money Write

More information

1. Invoice Maintenance

1. Invoice Maintenance 1. Invoice Maintenance Table of Contents Invoice Maintenance... 2 The Invoice tab... 3 The General Ledger Reference Accounts tab... 6 Click on 1. Invoice Maintenance from the Main Menu and the following

More information

Solar Eclipse Accounts Receivable. Release 8.7.2

Solar Eclipse Accounts Receivable. Release 8.7.2 Solar Eclipse Accounts Receivable Release 8.7.2 Legal Notices 2011 Epicor Software Corporation. All rights reserved. Unauthorized reproduction is a violation of applicable laws. Epicor and the Epicor logo

More information

Chapter 13 Bank Reconciliations

Chapter 13 Bank Reconciliations Chapter 13 Bank Reconciliations The Bank Reconciliation module of school cash allows Treasurers to quickly perform bank reconciliations and print month-end reports for the Principal s review and approval.

More information

TIPS AND TRICKS for the CORE ACCOUNTING MODULES REMINDER:

TIPS AND TRICKS for the CORE ACCOUNTING MODULES REMINDER: REMINDER: Please remember that this document is meant to be a guideline with some ideas of ways you can use MAS 90 / 200 core accounting modules more fully. However, your settings or process may not work

More information

Accounts. cash account(s) - this account is used to track your cash transactions for the business and family. One cash account is usually sufficient.

Accounts. cash account(s) - this account is used to track your cash transactions for the business and family. One cash account is usually sufficient. Accounts Accounts are set up within your data file to track your income and expenses. You can have over 500 accounts within a data file. Each account will have a register of its own. And you can create

More information

Postage Accounting Module User Guide

Postage Accounting Module User Guide Postage Accounting Module User Guide Table Of Contents INTRODUCTION...1 ACCOUNTING PRINCIPLES...1 Access Postage Accounting...2 LOGGING IN AND SECURITY...2 SETTING THE INTERACTION BETWEEN POSTAGE ACCOUNTING

More information

PORTFOLIOCENTER. Best Practices for Accounting for Transfer of Assets

PORTFOLIOCENTER. Best Practices for Accounting for Transfer of Assets PORTFOLIOCENTER Best Practices for Accounting for Transfer of Assets Document ID: SPT011567 Document Date: March 17, 2014 Document Version: 5.8 For institutional audiences only. 2014 Schwab Performance

More information

Bank Statement Reconciliation

Bank Statement Reconciliation Bank Statement Reconciliation Updated December 2015 Contents About Bank Reconciliation...3 Reconciling Your Account...3 Importing Users into SQL...3 Creating a Bank Account...4 Editing a Bank Account...5

More information

Check Writer Program

Check Writer Program Starting the Check Writer Program: Check Writer Program 1) You can start the Check Writer program from the main menu of your rating software by clicking on the button. 2) You should be prompted to enter

More information

AP and AR Corrections Handout

AP and AR Corrections Handout AP and AR Corrections Handout 11.0 Reversal and Correction Entries 11.1 Overview The standard method to reverse and correct posted entries is to use Reverse Posted Document. This ensures that the audit

More information

Sage 300 ERP 2014. Bank Services User's Guide

Sage 300 ERP 2014. Bank Services User's Guide Sage 300 ERP 2014 Bank Services User's Guide This is a publication of Sage Software, Inc. Copyright 2014. Sage Software, Inc. All rights reserved. Sage, the Sage logos, and the Sage product and service

More information

Accounts Receivable WalkThrough

Accounts Receivable WalkThrough PRACTICE CS Accounts Receivable WalkThrough Version 2014.x.x TL 27675a 1/16/15 Copyright Information Text copyright 2004-2015 by Thomson Reuters. All rights reserved. Video display images copyright 2004-2015

More information

TrustOnline. ... powerful Trust accounting software that s so easy to use. User Guide. Simple. Versatile. Powerful. Email: support@trustonline.com.

TrustOnline. ... powerful Trust accounting software that s so easy to use. User Guide. Simple. Versatile. Powerful. Email: support@trustonline.com. TrustOnline... powerful Trust accounting software that s so easy to use User Guide Simple. Versatile. Powerful. Email: support@trustonline.com.au TABLE OF CONTENTS INTRODUCTION 4 GETTING STARTED INITIAL

More information

Changing from Cash to Accrual Accounting

Changing from Cash to Accrual Accounting Changing from Cash to Accrual Accounting Contents About Changing the Accounting Method Creating a Client Disb Recov (1210) Account Contacting LexisNexis PCLaw Technical Support Adjusting Disbursements

More information

MSI Parking Tickets Version 4.0

MSI Parking Tickets Version 4.0 MSI Parking Tickets Version 4.0 User s Guide Municipal Software, Inc. 1850 W. Winchester Road, Ste 209 Libertyville, IL 60048 Phone: (847) 362-2803 Fax: (847) 362-3347 Contents are the exclusive property

More information

for Sage 100 ERP General Ledger Overview Document

for Sage 100 ERP General Ledger Overview Document for Sage 100 ERP General Ledger Document 2012 Sage Software, Inc. All rights reserved. Sage Software, Sage Software logos, and the Sage Software product and service names mentioned herein are registered

More information

Accounts Payable Expense Distribution Tables

Accounts Payable Expense Distribution Tables Accounts Payable Expense Distribution Tables Use Expense Distribution Table Maintenance to set up tables with general ledger accounts and distribution percentages. The tables can then be selected in Invoice

More information

User Guide. Microsoft Dynamics GP 10 Upgrade. Understanding and using new features and functionality within Dynamics GP 10

User Guide. Microsoft Dynamics GP 10 Upgrade. Understanding and using new features and functionality within Dynamics GP 10 User Guide Microsoft Dynamics GP 10 Upgrade Understanding and using new features and functionality within Dynamics GP 10 Version 3.7 (Spring 2009) Microsoft Dynamics GP 10 Upgrade Copyright Copyright 1997-2009

More information

Multicurrency Bank Reconciliation 9.0

Multicurrency Bank Reconciliation 9.0 Multicurrency Bank Reconciliation 9.0 An application for Microsoft Dynamics ΤΜ GP 9.0 Furthering your success through innovative business solutions Copyright Manual copyright 2006 Encore Business Solutions,

More information

Month End Processes in LAMPS

Month End Processes in LAMPS Month End Process Month End Processing in LAMPS During this session we will review recommended month end practices in LAMPS. Last day of the Month Process Cash Receipts /Journal Entry Batch Credit Card

More information

Microsoft Dynamics GP. Bank Reconciliation

Microsoft Dynamics GP. Bank Reconciliation Microsoft Dynamics GP Bank Reconciliation Copyright Copyright 2007 Microsoft Corporation. All rights reserved. Complying with all applicable copyright laws is the responsibility of the user. Without limiting

More information

Bank Reconciliation Quick Reference Guide

Bank Reconciliation Quick Reference Guide This guide provides information on completing your first and your ongoing bank reconciliations. Bank reconciliation is the process of ensuring your AppFolio system accounting matches the transactions in

More information

Entering the Take-up data in CrossCheck Travel

Entering the Take-up data in CrossCheck Travel Entering the Take-up data in CrossCheck Travel Review of Data Entry procedures By now you will have prepared your financial take-up figures ready to be entered into CCT and faxed them to your GSC representative.

More information

efunds User Guide For School Office Employees

efunds User Guide For School Office Employees efunds User Guide For School Office Employees Table of Contents Introduction & Login Procedure... 1 Welcome to efunds: Main Screen... 3 General Ledger... 3 Receive Money... 3 Pay Bills... 3 Bank Reconciliation...

More information

M O N T H E N D / Q U A R T E R L Y / Y E A R E N D C H E C K L I S T S & P R O C E D U R E S ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE

M O N T H E N D / Q U A R T E R L Y / Y E A R E N D C H E C K L I S T S & P R O C E D U R E S ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE M O N T H E N D / Q U A R T E R L Y / Y E A R E N D C H E C K L I S T S & P R O C E D U R E S ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE PAYROLL GENERAL LEDGER PROCOM SOLUTIONS, INC. OAKLAND CENTER 8980-A ROUTE

More information

Year End Closing 2013 Procedures for Sage 100 ERP. Martin & Associates

Year End Closing 2013 Procedures for Sage 100 ERP. Martin & Associates Year End Closing 2013 Procedures for Sage 100 ERP Martin & Associates MENU MAS 90 MAS 200 Order of Closing Order Own Closed Module 1 System Wide Backup 2 B/M Bill of materials 3 W/o Work order processing

More information

CENTRAL SUSQUEHANNA INTERMEDIATE UNIT Application: Fund Accounting. Enter and Process Credit Card Payment Step-by-step Instructions

CENTRAL SUSQUEHANNA INTERMEDIATE UNIT Application: Fund Accounting. Enter and Process Credit Card Payment Step-by-step Instructions CENTRAL SUSQUEHANNA INTERMEDIATE UNIT Application: Fund Accounting Enter and Process Credit Card Payment Step-by-step Instructions 2013 Central Susquehanna Intermediate Unit, USA Table of Contents Introduction...

More information

Omni Getting Started Manual. switched on accounting

Omni Getting Started Manual. switched on accounting Omni Getting Started Manual switched on accounting Omni Getting Started Table of Contents Install & Register... 3 Install and Register... 3 Omni Programs... 3 Users... 4 Creating Companies... 5 Create

More information

AccuPOS to MAS90/200 Integration Guide

AccuPOS to MAS90/200 Integration Guide AccuPOS to MAS90/200 Integration Guide Part I - MAS90 Company Setup In order to use AccuPOS Point of Sale and have it integrate with MAS90/200 for inventory and accounting purposes, we ask that you setup

More information

TheFinancialEdge. Reports Guide for Accounts Payable

TheFinancialEdge. Reports Guide for Accounts Payable TheFinancialEdge Reports Guide for Accounts Payable 041813 2013 Blackbaud, Inc. This publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic, or mechanical,

More information

When the registration process begins, we highly the preparation of an enrollment spreadsheet with columns for:

When the registration process begins, we highly the preparation of an enrollment spreadsheet with columns for: ACCOUNTS RECEIVABLE While the billing and collection of tuition is decided at the local parish level, it is necessary that the accounting for such tuition be standardized in order to simplify Archdiocesan

More information

Getting Started Using CC Merchant for Trams Back Office

Getting Started Using CC Merchant for Trams Back Office Getting Started Using CC Merchant for Trams Back Office System Requirements Trams Back Office - Version 3.01 or higher Microsoft Internet Explorer 6.0 or higher Internet Connection The CC Merchant feature

More information

Troubleshooting with the Nodus Scheduler

Troubleshooting with the Nodus Scheduler Troubleshooting with the Nodus Scheduler The Nodus Scheduler handles various scheduled events on the epay website such as automatic payments or past due invoice reminders. If it seems a scheduled event

More information

Nexsure Training Manual - Accounting. Chapter 6

Nexsure Training Manual - Accounting. Chapter 6 Nexsure Training Manual - Accounting Journal Entries In This Chapter Journal Entry Definition Journal Entry Overview Adding Journal Entries Setting up Automatic Recurring Entries Using General Ledger Allocation

More information

NEWSTAR Training Guide. Banking, Consolidations and Tax Systems

NEWSTAR Training Guide. Banking, Consolidations and Tax Systems NEWSTAR Training Guide Banking, Consolidations and Tax Systems Document A11 / A12 / A19-0.1 November 2005 NEWSTAR Training Guide: Banking, Consolidations and Tax Systems 2005 Constellation HomeBuilder

More information

Welcome. to the Bank Reconciliation Manual. How to Use This Guide. Contents. Index. Modules

Welcome. to the Bank Reconciliation Manual. How to Use This Guide. Contents. Index. Modules Welcome to the Bank Reconciliation Manual How to Use This Guide Contents Index Modules How to Use This Guide Go to the How to Use This Guide page (this page). Go to the Contents. T Go to the previous page.

More information

for Sage 100 ERP Sales Order Overview Document

for Sage 100 ERP Sales Order Overview Document for Sage 100 ERP Sales Order Document 2012 Sage Software, Inc. All rights reserved. Sage Software, Sage Software logos, and the Sage Software product and service names mentioned herein are registered trademarks

More information

TRUST ACCOUNTING. Copyright Box & Dice Software Pty. Ltd. LAST UPDATE: october 2009

TRUST ACCOUNTING. Copyright Box & Dice Software Pty. Ltd. LAST UPDATE: october 2009 Tr TRUST ACCOUNTING Copyright Box & Dice Software Pty. Ltd. LAST UPDATE: october 2009 Name... Date... Trainer... 2 Tr TRUST ACCOUNTING COURSE CONTENTS TRUST ACCOUNTING COURSE Configuration Terminology

More information

CHAPTER 5: RECEIVABLES MANAGEMENT

CHAPTER 5: RECEIVABLES MANAGEMENT Chapter 5: Receivables Management CHAPTER 5: RECEIVABLES MANAGEMENT Objectives Introduction The objectives are: Provide a point of reference to the Payments tab on the Customer Card window. Explain the

More information

Accounts Receivable System Administration Manual

Accounts Receivable System Administration Manual Accounts Receivable System Administration Manual Confidential Information This document contains proprietary and valuable, confidential trade secret information of APPX Software, Inc., Richmond, Virginia

More information

School Accounting Made Easy. The how to guide of the Activity Accounting and Purchase Order Programs.

School Accounting Made Easy. The how to guide of the Activity Accounting and Purchase Order Programs. Accounting & P.O. Manual School Accounting Made Easy. The how to guide of the Activity Accounting and Purchase Order Programs. Walk through of Activity Accounting32 Purchase Orders Includes Screen Shots

More information

for Sage 100 ERP Accounts Receivable Overview Document

for Sage 100 ERP Accounts Receivable Overview Document for Sage 100 ERP Accounts Receivable Document 2012 Sage Software, Inc. All rights reserved. Sage Software, Sage Software logos, and the Sage Software product and service names mentioned herein are registered

More information

2002 Blackbaud, Inc. This publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic, or

2002 Blackbaud, Inc. This publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic, or 041902 2002 Blackbaud, Inc. This publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic, or mechanical, including photocopying, recording, storage

More information

AR Part 1: An Introduction to Accounts Receivable

AR Part 1: An Introduction to Accounts Receivable AR Part 1: An Introduction to Accounts Receivable Table of Contents 1. Overview... 3 2. Searching for a Customer... 4 3. Transactions... 6 4. Raising a sales invoice... 7 5. Completing a Transaction...

More information

Oracle Internal Accounts Management System Manual

Oracle Internal Accounts Management System Manual Oracle Internal Accounts Management System Manual School Financial Services Phone: 773-553-2750 Fax: 773-553-2711 Email: IAMS@cps.k12.il.us IAMS Website: https://dev.ocs.cps.k12.il.us/sites/finance/iams/

More information

Your Guide to setting up Sage One Accounting from your Accountant. Setting Up Sage One Accounting

Your Guide to setting up Sage One Accounting from your Accountant. Setting Up Sage One Accounting Your Guide to setting up Sage One Accounting from your Accountant Setting Up Sage One Accounting 1 Contents Introduction Introduction...3 Quick Start Guide entering key business information...4 Set Up

More information

SchoolBooks Connect Manual

SchoolBooks Connect Manual SchoolBooks Connect Manual Table of Contents SCHOOLBOOKS CONNECT MANUAL... 1 SCHOOL BOOKS CHEAT SHEET... 3 BANK ACCOUNTS:... 3 OTHER ACCOUNTS:... 3 USE CASH RECEIPTS FOR:... 4 ACCOUNT LOOK-UP:... 4 REMINDERS...

More information

Chapter 28. Poi nt of Sale But. FrontDesk v4.1.25. Point of Sale Menus. Voiding Invoices. Redeeming Gift Certificates. Revised on: 06/10/2009

Chapter 28. Poi nt of Sale But. FrontDesk v4.1.25. Point of Sale Menus. Voiding Invoices. Redeeming Gift Certificates. Revised on: 06/10/2009 Chapter 28 Point of Sale FrontDesk v4.1.25 Point of Sale Poi nt of Sale But tons Point of Sale Menus Opening and Closing Register Drawers Making a Sale Voiding Invoices Reprinting Receipts Selling Gift

More information

Changing from Accrual to Modified Cash Accounting

Changing from Accrual to Modified Cash Accounting Changing from Accrual to Modified Cash Accounting Contents About Changing from Accrual to Modified Cash Accounting Adjusting GST/Vat and Sales Tax Adjusting Accounts Receivable Adjusting Receive Payments

More information

Contents PAYMENTS...1 PAYMENT TABLES...67

Contents PAYMENTS...1 PAYMENT TABLES...67 Payments Guide 062212 2012 Blackbaud, Inc. This publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic, or mechanical, including photocopying, recording,

More information

1. Click the Accounting menu, select Cash Account Maintenance and then click Account Register. 2. Select the correct account from the drop-down list.

1. Click the Accounting menu, select Cash Account Maintenance and then click Account Register. 2. Select the correct account from the drop-down list. Summary Farm Works Accounting allows you to import transaction data from a bank statement in order to fill in transactions or to reconcile your checkbook. This feature is a great way to confirm that your

More information

Course Code AR/BI3. Accounts Receivable Advanced

Course Code AR/BI3. Accounts Receivable Advanced Course Code AR/BI3 Accounts Receivable Advanced User Guide February 3, 2015 Version # 4 Minnesota Management & Budget Copyright 2015 All Rights Reserved AR/BI3 Accounts Receivables Advanced To jump to

More information

Microsoft Dynamics GP. Receivables Management

Microsoft Dynamics GP. Receivables Management Microsoft Dynamics GP Receivables Management Copyright Copyright 2010 Microsoft. All rights reserved. Limitation of liability This document is provided as-is. Information and views expressed in this document,

More information

Payroll. 4. Print Checks. Table of Contents Print Checks...2 All...3 Department...4 Print Single Posting...5

Payroll. 4. Print Checks. Table of Contents Print Checks...2 All...3 Department...4 Print Single Posting...5 4. Print Checks Table of Contents Print Checks...2 All...3 Department...4 Print Single Posting...5 Click on 4. Print Checks from the Main Menu and the following window will appear: The best practice is

More information

Adventist School Management Accounting

Adventist School Management Accounting 1 The Setting. Adventist School Management Accounting Tutorial-B Handling Deposits Bank Reconciliation with NSF Check Voided and Replacement Checks A/R Management Accounts Payable It is March 10, 2004.

More information