Bank Account Reconciliation - Reconciliation Adjustments dialogs

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There are three reconciliation adjustments dialogs available. When you enter transactions in these dialogs, the application records them in the appropriate tab in the reconciliation screen (based on the adjustment Type) and automatically marks them as cleared.

Choose Actions > Reconcile Bank Accounts or Actions > Reconcile Impound Bank Accounts and then open any of the following adjustment dialogs.

  • Reconciliation Adjustment dialog. Use this dialog to enter an adjustment for the current reconciliation.

    To access this dialog, click the Account Summary tab, and then click the Adjustment button in the Reconciliation Adjustment section.

  • Recurring Adjustments dialog. Use this dialog to enter adjustments that are made each reconciliation, whether the amount is the same each time or not.

    To access this dialog, choose Edit > Recurring Adjustments.

    Note: To remove a recurring adjustment from a finalized reconciliation or from a prior period, you first need to unfinalize the reconciliation. Then choose Edit > Recurring Adjustments, highlight the adjustment to delete, and then click the Delete button button.

  • Non-recurring Adjustments dialog. Use this dialog to enter any one-time adjustments for the current reconciliation. Items such as an unexpected service charge would be entered here.

    To access this dialog, choose Edit > Non-recurring Adjustments.

Fields & buttons

Use the Delete button button to remove rows from the grid. Use the arrow buttons to change the order of the rows by moving them up or down.

  • GL Account. Enter or select the appropriate GL account number for the transaction. The drop-down list contains all accounts used by the selected client.

    Note: For impound bank account reconciliations, the drop-down list contains all of the firm's clients' accounts.

  • Description. Enter a description (up to 100 characters) for the transaction.
  • Amount. Enter the amount of the adjustment transaction. (For recurring adjustments, if the amount may change with each reconciliation, you can leave the Amount field blank.) To open an on-screen calculator, click the Down arrow button button in the Amount column. The calculated amount is automatically entered in this field.
  • Type. Select the applicable transaction type from the drop-down list. The transaction type determines where the transaction will be recorded. Check and Payment types will be recorded in the Checks & Payments tab and Deposit and Addition types will be recorded in the Deposits & Additions tab.

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