Bank Reconciliation
Presented by Melissa Wood
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Bank Reconciliationn Process & Troubleshooting
Bank Reconciliation
• G/L Cash Account Setup• G/L Control File• Reconcile Cash Accounts• Reconciliation-Related Reports• Troubleshooting• Reconciling Credit Card Accounts
G/L Cash Account Setup
• Set Account Type to “Checking, “Savings,” or “Credit Card”
• Option to Condense on Cash Account Reconciliation
Control Files
• Enable the Cash History Entry (for going live)• Cash account reconciliation options to set up
journal entry creation• Post to the holding account until the bank
deposit
Reconcile Cash Accounts
• Cash account selection criteria options• Reconciliation process
Bank Reconciliation – G/L Reports
• Bank Reconciliation History Report• Cash Account Reconciliation Report• G/L Check Register Report
Troubleshooting
• Unable to reconcile• G/L history does not match cash history• Prior month issues
Reconciling Credit Cards
• Account Type of “Credit Card”• Statement ending balance is negative• Reconciling
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Bank Reconciliation Process & Troubleshooting