Manual Journal Entry FAQs

What is Bank Reconciliation Used for?

Use the Bank Reconciliation screen to reconcile payments and deposits, transfer cash between general ledger accounts, enter service charges, and enter A/R cash against the general ledger.

How do I reconcile Bank Service Charge Entries?

When you enter a Service Charge or Cash Against G/L, the system automatically flags the amounts as reconciled.

When I enter Cash Against the G/L Account from the Bank Reconciliation screen what cash account does that amount post to?

Regardless of the Cash account you specify on the Bank Reconciliation screen, the default system G/L account for the Cash Category auto displays on the G/L Cash Transfer window.

Can I prevent canceled accounts receivable payment backout and payment transfer records from showing up in Bank Reconciliation?

To prevent canceled accounts receivable payment backout and payment transfer records from displaying on the Bank Reconciliation screen, run the "updarrecon" support program.

How can I unreconciled a payment reconciled by accident?

You cannot unreconciled an A/R Deposit but you can unreconciled an A/P Payment. Go to Accounts Payable > Payments > A/P Lookup Inquiry. Search and find the payment, then click Unreconcile.

Can I reconcile a portion of a deposit or do I have to reconcile the entire deposit?

On the Deposits tab, you can reconcile by batch or reconcile items within a batch.

A.   The Available Deposits – Batches table lists all payments summarized by Batch ID.

B.   Use the Batch Details command to display the details for a selected batch in the bottom table. To return to reconciling by batch or to view and reconcile items within another batch, use the Batches command.

C.   The Available Deposits – Payments table at the bottom of the screen allows you to reconcile individual items (i.e. payment receipts) within a batch.