Reconcile a reconciliation statement

Before you start

At the end of each period, you create a new reconciliation statement and review the transactions for the selected account that were not yet reconciled.

1. Go to the Reconciliation statements (CA302000) window.
2. Select the Reconciled check box for each cleared transaction.
3. If you have a bank statement or some other paper transaction confirmations on hand, compare the transactions to the lines of the bank statement by using transaction identifiers, dates, and the amount.
4. Select the Reconciled check box in the first column for the confirmed transactions.
   As you go through the list, you can view the updated value of the cash account balance and the totals of confirmed receipts and disbursements.
   It is possible create cash adjustments for transactions (such as bank interest or service charges) that took place, but were not recorded to the account.
5. In the Statement balance field, enter the reconciliation statement balance.
6. Verify that the beginning balance in the system matches the beginning balance on the bank statement. If not: void the earlier statement and fix the errors.
7. Click .

You can perform a reconciliation in multiple stages, and to save it with the On Hold or Balanced status in between