Use these fields to reconcile bank transactions.
1. Bank
The bank you are reconciling.
2. Beginning Balance
The ending or statement balance from the last reconciliation.
3. Cutoff Date
Specify the date through which to display bank transaction for reconciliation.
4. Ending/Statement Balance
Specify the balance printed on the bank statement.
5. Difference
The system displays the difference as transactions are cleared or uncleared.
You have these options:
access Note Entry (SME710) for the bank specified in the program.
Edit - make changes for the highlighted transaction.
Add a new transaction.
Insert a line item above the highlighted item in the browser.
When you add or modify a transaction, the system displays the correct screen for your changes. The Transaction Entry, Bank Transfer Entry screen, where you can create/modify the transaction information.
Delete the highlighted transaction.
Save your changes.
Clear/Unclear to clear/unclear highlighted transactions. To clear, the transaction must be updated. There cannot be any open adjustments to the transaction.
Clear Range to display the Clear Check Range screen where you can enter a range of check numbers to clear. These are type "C" transactions which are the AP and PR checks.
Update to update the reconciliation process. This button is only available if the main transaction or an adjustment to it is open (any open is "Y").The system then prompts you for the date in the current or next GL period to use for both the period and the entry date in the GL journal header record.
Reconcile to process the reconciled transactions. This function is will only available when the difference is zero. Transactions do not have to be completed (they will be updated at least because they will be cleared).
View Detail to access details about the specified transaction. FACTS displays the appropriate screen for the transaction type. For the selected non-bank transaction lines, FACTS displays the View Detail (SME512) program, which lists all cash and check transactions that make up the selected deposit or non-bank transaction. For checks that have cleared the banking system, FACTS displays the Information for Check screen
View Header to access the Header Detail window where you can modify the statement ending date, ending balance for the header record in Bank Reconciliation Entry (SME520).
View Adjustments to access View Adjustments (SME521), which is used to view all adjustment transactions for the selected transaction.
Archived Dep to access the deposit ticket archived in the Unform document archiving system, if it is active eon your system.
Click Done button to complete bank process. Click Done again to exit the program.