BANK RECONCILIATION

4.5  BANK RECONCILIATION

Location	Action	Remark
Adjustment> Closings> Bank Reconciliation	     Click NEW      BANK select bank you would like to reconcile      DATE select the month and enter the year
	     Click GENERATE                                    This will list out all the transactions relating to the bank for the period
	     PREVIOUS ENDING BALANCE	Check that this matches the opening balance of your statement received from the bank
	     DEPOSIT                                                   The amounts here will add up when you tick on the list      WITHDRAWAL      CURRENT ENDING BALANCE
	    EXACT ENDING BALANCE enter the balance show on statement by the bank
	     TICK on POST presented items              The objective is to tick on the presented items so that the                                                                                                 Current Ending Balance matches the Exact Ending Balance.      DIFFERENCE                                                This means the Difference will be zero, which means your                             bank is reconciled.                                                                                               Note to ‘un-tick’ an item you have accidentally ticked, you                                                                                                    can Click on Presented Tab and tick on them. You will notice                                                                              that it will roll back to the Un-Presented Tab list.
	     DIFFERENCE with Green Color      DIFFERENCE with Red Color	There is no difference amount Amount not tally with bank statement
	     Click ADD

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