Completing a subsequent checkbook reconciliation

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Important reminder!

Licenses for Payroll CS, Trial Balance CS, and Write-Up CS (but not Engagement CS) permanently expired on March 1, 2017.

For details, see CSA license expiration 2017 – frequently asked questions.

Some processes documented in the Help & How-To Center are no longer applicable, due to the discontinuation of these CSA modules.

  1. From the Tasks menu, choose Bank Reconciliation.
  2. If the client has more than one checkbook already set up, the Choose Checkbook dialog appears automatically. Highlight the checkbook and then click OK.
  3. When the Bank Reconciliation window opens, click the Advance to Next Statement button on the Summary tab to close the previous reconciliation and open a new one.

    Note: If the Advance to Next Statement button is not accessible, then the previous statement has not been reconciled. You must make adjustments as necessary to bring the Unreconciled amount to zero.

  4. After you click the Advance to Next Statement button, the Recurring Adjustments dialog will open. Add, edit, or delete any adjustments (such as bank fee charges, interest amount credits, and so forth) reflected on the current statement. Click the Continue button to proceed.
  5. In the Bank Reconciliation window, begin by verifying (and editing as necessary) the information in the Summary tab.
  6. To add a one-time adjustment that would not be recorded in normal processing, choose Non-recurring Adjustment from the Edit menu or from the F3 or right-click context menu, and then enter the applicable information about the adjustment.
  7. Click the Next button to proceed through each of the tabs in the Bank Reconciliation window, marking the checkbox next to each item that you wish to clear. (Press CTRL+F1 for help on using the currently selected tab.)

    To clear several consecutive items at once, highlight several lines and then choose Clear from the Edit menu or from the F4 or right-click context menu.

  8. When the checkbook has been reconciled successfully, the Unreconciled amount field on the summary tab will read zero and an X will appear next to that field.
  9. Click the Post to GL button.
  10. After completing the reconciliation and posting the adjustments to the General Ledger, you may print the required reports for the client.

    You must print these reports before advancing to the next statement. After advancing, you cannot revert to a previous reconciliation.

See also

Bank Reconciliation Overview

Bank Reconciliation WalkThrough (PDF)

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