Bank Reconciliation Report (SMR590)

Use the Bank Reconciliation Report to print cleared checks and deposits and outstanding checks and deposits. Most companies use this information from current period balancing, prior period analysis, and research. Historical bank reconciliations are typically required by auditors during the course of a Financial Statement Audit or Review.

The report designates between cleared and uncleared checks using this criteria.

• Cleared checks-When running for a current reconciliation, the report prints cleared checks. When running for a prior reconciliation, the reconcile dates are compared; if they match, cleared checks are also print.
• Outstanding Checks. When running for a current reconciliation, the report prints un-cleared checks. When running for a prior reconciliation, if the check was printed before the supplied cutoff check date and reconciled after the supplied reconcile date, then the check is considered outstanding.

A Reconciliation Summary is also printed. The Reconciliation Summary is run for an in-process reconciliation and one that has been updated in the past. When running the report for a past statement, the bank statement ending date is validated against the reconciliation history file.

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