Reconciling an impound checkbook for the first time

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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. CSA will not include 2017 tax rates or payroll forms, so, for 2017 and beyond, you will need to process payroll in another application. We recommend Accounting CS Payroll and myPay Solutions. For more information, see the following topics.

  1. Choose Utilities > Impound Bank Reconciliation.
  2. In the Impound Checkbook Selection dialog, highlight the checkbook you want to reconcile and then click OK. Note that all commands and menu options in the Impound Bank Reconciliation dialog are checkbook-specific and will apply only to the Impound checkbook you select here.
  3. The Recurring Adjustments dialog opens automatically so that you can enter the type of adjustments not recorded during normal processing (such as bank fee charges or interest amount credits). Click the Continue button to proceed.
  4. In the Summary tab, enter the initial statement information (press F1 from any field for help on that field).
  5. To add a one-time adjustment that would not be recorded in normal processing, choose Non-recurring Adjustment from the F3 or right-click context menu, and then enter the applicable information about the adjustment.
  6. Click the Next button to proceed through each of the tabs in the Impound Bank Reconciliation dialog, 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 F3 or right-click context menu.

    To add an item, choose Initial Open/Additional Items from the F3 or right-click context menu or enter a new bank item in the Other Bank Items tab. Initial open/additional items will not appear in export. Other bank items will.

  7. 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.
  8. After completing the reconciliation, you may print the required reports and export the GL transaction file.
  9. For details on processing a subsequent reconciliation see the Completing a subsequent impound checkbook reconciliation procedure.

See also

Impound Bank Reconciliation Overview (diagram)

Impound overview and procedures

Completing a subsequent impound checkbook reconciliation

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