Reconcile Impound Bank Accounts screen

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Our Support department is closed on Friday, April 28th for a company event. However, limited Accounting CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline for quarterly payroll tax forms.

Links to our most popular payroll tax processing topics are available in the Alerts and notices section on the right side of most pages.

The Reconcile Impound Bank Accounts screen allows you to reconcile your impound bank accounts or update a previously finalized reconciliation. You can reconcile the impound accounts against statements from the financial institutions on a daily, weekly, monthly, semi-annual, or annual basis.

Choose Actions > Reconcile Impound Bank Accounts.

Notes

  • To set up impound accounts, choose Setup > Firm Information > Impound Bank Accounts. Use these accounts to hold money given to your firm by the client to pay the client's employees and to pay other liabilities to appropriate agencies, and so forth.
  • Use the commands on the Edit menu or the right-click context menu to assist in the reconciliation and to open various other dialogs. Depending on which tab is active, the following commands may be available.

    A right-click context menu is available in several screens throughout the application. In general, the commands on the right-click context menu are also available on the Edit menu.

    To access the right-click menu, click your right mouse button (assuming you are using a right-handed mouse) in an open area in the screen. You can then choose the desired command from the menu. In certain screens and dialogs, right-click context menus are available for specific fields.

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Tabbed pages in this screen

General Information tab

Bank Statement Import tab

Deposits & Additions tab

Checks & Payments tab

Direct Deposit tab

Account Summary tab

Reconciliation Analysis tab

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Fields & buttons

This list includes all current, finalized, and pending reconciliations (denoted by status icons) unless you apply a sort or filter to the list. Highlight a bank account name to view the reconciliation data in the tabbed pages below.

This button is available only when the Bank Statement Import tab is the active tab. Click this button to post any unmatched statement transactions marked as adjustments to their respective tabs and remove them from the grids on the Bank Statement Import tab.

This button is available only when the Bank Statement Import tab is the active tab. Click this button to mark the selected unmatched bank account transactions as cleared on their respective tabs and remove them from the grids on the Bank Statement Import tab.

Click this button to save any changes you have made to a reconciliation without finalizing it, so you can return later to work on it.

Click this button to save all information in the reconciliation, archive the reconciliation, and label it with a Finalized status. Note that for the Impound Bank Reconciliation, you can finalize the reconciliation even if the unreconciled amount is not zero.

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Related topics

Reconciling impound bank accounts

Potential reasons that certain transactions are not available to be modified

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