Reconciling a Bank Statement



Similar documents
FAWIN Version Release Notes Setting Up and Assigning Bank Rec Groups

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

Chapter 13 Bank Reconciliations

HOW TO RECONCILE YOUR CASH ACCOUNTS

County Accounting Manual

Preparing for Bank Reconciliations

CALCASIEU PARISH SCHOOL BOARD SCHOOL ACTIVITY FUNDS EPES ACCOUNTING PROCEDURES MANUAL

Getting Started Using CC Merchant for Trams Back Office

S5: Bank Reconciliation Start to Finish

Bank Reconciliation Training

Oracle Internal Accounts Management System Manual

Purchasing Card Activities Completing a Reconciliation Form

credit card version 6

CENTRAL SUSQUEHANNA INTERMEDIATE UNIT Application: Fund Accounting

Bank Reconciliation: Improvements for the Shelby v5 Spring 2006 Release

CHAPTER 4: CASH MANAGEMENT

Point of Sale Procedures. Quick Reference

SCENARIO: Complete the three bank reconciliations using the bank statement Forms in the Appendix E.

Entering the Take-up data in CrossCheck Travel

for Sage 100 ERP Bank Reconciliation Overview Document

Prerequisite: Bank statement file loaded from bank.

How To Use A Bankbook On A Pc Or Macbook With A Credit Card (For A Credit Union)

Quick Guide Bank Charges & Handling NSF Checks

PRWIN. Financial Management For Windows. Pre-Paid Health Insurance Setup

NEXTGEN BUDGETARY ACCOUNTING TRAINING

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

Rounding. Last updated: Friday, May 09, Health Communication Network Limited Level 4, 201 Pacific Highway, St Leonards, NSW

QUICKBOOKS ONLINE FOR UGA Extension OFFICES

Bank Reconciliation Quick Reference Guide

Livestock Office Payments: Creditor Cashbook Transactions

Credit Card Best Practices Using ParishSoft ConnectNow Accounting Credit Card Feature

Database Program Instructions

ACCRUAL ACCOUNTING WORKFLOW

MAS 90 Demo Guide: Account Receivable

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

AP and AR Corrections Handout

AgencyPro. Cash Accounting Workflow

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

Envision Credit Card Processing With EMV

efunds User Guide For School Office Employees

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

Credit Card Accounts

PROCESS DOCKET - PRINT CHECKS

DIRECT PAYMENTS (ACH TRANSFER MODULE)

Credit Card Processing Management

Managing Company Credit Cards

Activity Balance Transfer Process

Envision Credit Card Processing

QuickBooks 2009 Student Guide Working with Bank Accounts

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.

Omni Getting Started Manual. switched on accounting

Chapter 3 Claims June 2012

How do I accept my offer of admission to Purdue University?

How To Connect Your Transactions To Quickbooks Online From Your Bank Or Credit Card Account On A Pc Or Mac Computer Or Ipa Device

Receiving Payment in Foreign Currency

How To Use A Bank Service On A Bank System

Cash Advances. March 24, The webinar Q&A is at the end of this PowerPoint.

Sage 300 ERP Bank Services User's Guide

Budgeting in QuickBooks

Sales Person Commission

CREDIT CARD PROCEDURES OBJECTIVE..2 OVERVIEW..2 DEPARTMENT S CREDIT CARD PROCEDURES...3 FINANCIAL SERVICES PROCEDURES... 5 BANK RECONCILIATION 6

Basic Pivot Tables. To begin your pivot table, choose Data, Pivot Table and Pivot Chart Report. 1 of 18

Quick Steps For Setting Up and Using the CC Merchant Utility

Navigating within QuickBooks

CONFIGURING VIRTUAL TERMINAL: This is the screen you will see when you first open Virtual Terminal

SERVICE CENTER ONLINE ENTRY

How To Create A Report On A Pc Or Macbook

MAINTAINING LAWYER TRUST ACCOUNTS WITH QUICKEN 2002 BASIC

Complete Payroll: COBRA Credit Implementation (PC Entry)

Installing Remote Desktop Connection

School Online Payments Parent User Guide

Table of Contents. Find Users (Search) 2. Delegate Work Items 6. Reset Password 9. Unlock Account 12. Disable Account 15.

Check Writer Program

IMAP and SMTP Setup in Clients

Bank Statement Reconciliation

Microsoft Dynamics GP. Receivables Management

How To Account For A Wing

Sage Pay user guide for Sage 50 Accounts Sage Instant Accounts

Module 6 Business Process and ADempeire

Creating QuickBooks Reports for Workers Compensation and General Liability Audits

Merchant Warehouse Credit Card Integration Gym Assistant August 2009

TIPS AND TRICKS for the CORE ACCOUNTING MODULES REMINDER:

Intuit QuickBooks Direct Deposit Getting Started Guide

Accounting. Chapter 6

Billing Matters Accounting Sunset

Financial Accounting (FI) Case Study

Keep your search simple. Only the last name is required. First name and Phone are optional.

3) The client side of the Service Fee Bookings MUST be closed with FOP of CC (Not CC Merchant)

2.1 Entering Transactions

Microsoft Access Rollup Procedure for Microsoft Office Click on Blank Database and name it something appropriate.

Inventory Valuation -

Cash Basis Reporting

PSFIN v9.2 Expenses Administrator Participant Guide

Payroll Processing Tips & Tricks

MAKING PAYMENTS ONLINE. ELECTRONIC CHECKING (ACH) PAYMENTS PINLESS ATM DEBIT CARD PAYMENTS CREDIT CARD(only for Deposit Payments)

How To Fix An Out Of Balance General Ledger

Transcription:

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 next, leave next screen blank, then next c. Put a check mark by checks that have cleared (either one at a time, or by range). Verify cleared amount and cleared count at bottom of screen, then next d. This screen calculates and states a bank statement has been created. Click on Finish. 3. Under Check Recon Run outstanding checks/deposits 4. Under Check Recon Run Bank Statement This will give total of outstanding checks 5. Under Reports Bank Activity Statement 6. Do Bank Reconciliation on form to confirm you are balanced 7. Under Check Recon Reconcile Bank Statement choose normal and then enter all information on first screen. Click next, verify other screens as they come up (information is saved from trial) and click next until screen comes up stating the bank statement has been created. Click next, then Finish.. 8. Under View Run Schedule of Balances by fund put in beginning and ending dates, click on arrow, then print. 9. Under Reports Summary Receipts and Expenditures put in beginning and ending dates, then print 10. Under Data Change Last Posted Date fill in date, then put a check mark in the box in the bottom left hand corner, click next, put check mark in box at bottom of screen, then finish, then ok. 11. Under Check Recon Delete/Void Cleared Checks a. Verify total, click Finish

Interest 1. Data Adjustments Receipt b. Fill in effective date date interest is posted c. Bundle Fill in name for bundle (example: interest) d. Tran source leave as is e. Tran date same as effective date f. Fund fill in g. Acct fill in h. Obj zero i. Loc zero j. Bank put in bank # k. Receipt put in effective date l. Amount fill in m. Comment fill in n. Click ok Debit 1. Data Adjustments Claim (credit card equipment or merchant fee charges) b. Fill in effective date date charge is posted c. Bundle Fill in name for bundle (example: debit) d. Tran source leave as is e. Tran date same as effective date f. Fund fill in g. Acct fill in h. Obj zero i. Loc zero j. Bank put in bank # k. Check/PO # put in info if you have it l. Amount fill in amount m. Comment fill in n. Click ok

NSF Check 1. Data Adjustments Receipt a. Effective date date check was returned b. Bundle Name bundle c. Tran source Leave as is d. Tran date Date check was originally deposited into bank, or it can be the same as the effective date e. Fnd Original Fund # f. Acct Original Acct. # g. Obj zero h. Loc zero i. Bank Fill in bank # j. Rec Fill in effective date k. Amount Fill in amount as negative l. Comment NSF check m. Comment Fill in person s name Void A Receipt o. Data Adjustments Receipt a. Fill in effective date date receipt was done b. Bundle Fill in name for bundle c. Tran source leave as is d. Tran date same as effective date e. Fund fill in f. Acct fill in g. Obj zero h. Loc zero i. Bank put in bank # j. Receipt put in effective date k. Amount fill in amount as negative l. Comment fill in m. Click ok

Void a Check 1. Data Adjustments Claim/Docket b. Effective date date check is being voided (not check date) c. Bundle Name bundle d. Tran source Leave as is e. Tran date date of check f. Fund Fill in from check g. Acct Fill in from check h. Obj zero i. Loc zero j. Vendor Fill in from check k. Check Check # l. P O P O # m. Amount Fill in amount as negative n. Comment Void check o. Click ok 2. Check Recon Maintenance/Corrections a. Bank Fill in bank # b. When screen comes up with checks, find check # and double click, then change status, and click ok

Transfer Between Funds 1. Data Adjustments Receipt a. Press ++ b. Effective date this is the date adjustment is being done c. Bundle Name bundle d. Tran source Leave as is e. Tran date same as effective date f. Fnd This is from fund g. Act Fill in account # h. Obj Zero i. Loc Zero j. Bank Fill in bank # k. Rec the date of trans l. Amnt Fill in amount as negative m. Comment To close fund n. Comment Fund being moved to fund, then click ok 2. New screen comes up, some information is already filled in a. Fnd Fill in new fund # b. Acct Fill in account # c. Obj Zero d. Loc Zero e. Bank Fill in Bank # f. Rec Effective date g. Amnt Fill in amount h. Comment To close fund i. Comment Fund being moved from fund, then click ok. *Note: You can do this by using Receipt for fund that is receiving money and Claim for who is being debited.

Adjustment for check posted with wrong fund and account 1. Data Adjustments Claim/Docket b. Effective date date on original paperwork (or after the last posted date shown in bottom right hand corner) c. Screen comes up Effective date date on paperwork (or last posted date) d. Bundle Name bundle e. Trans source already filled in f. Trans date use today s date g. Fund Original fund # h. Acct Original account # i. Obj zero j. Loc zero k. Bank fill in bank # l. Vendor fill in # m. Check fill in check # n. P O fill in #, leave as complete or whatever it shows o. Amount fill in amount as negative p. Comments fill in, then ok 2. Either do a shift C or go up to copy button info is already filled in, tab thru and fill in correct info. a. Fund Fill in correct fund # b. Acct Fill in correct account # c. Obj zero d. Loc zero e. Bank fill in bank # f. Vendor fill in # g. Check fill in check # h. P O fill in # i. Amount fill in amount j. Comments fill in, then ok k. Print screen