Record uncleared withdrawals and deposits

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Do an initial bank reconciliation

Task 1: Identify uncleared withdrawals and deposits Task 2: Record uncleared withdrawals and deposits Task 3: Reconcile

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Glossary

Advanced setup > Do an initial bank reconciliation > Task 2: Record uncleared withdrawals and deposits

Task 2: Record uncleared withdrawals and deposits

You need to record uncleared transactions in such a way that the opening bank account balance is not affected. To do this, you need to post a debit and a credit of equal amounts for each transaction against the applicable bank account.

To record uncleared withdrawals

1	Go to the Banking command centre and click Spend Money. The Spend Money window appears.

2	In the Pay from Account field, type or select the bank account you want to reconcile.

3	In the Check # field, enter a reference number for the withdrawal.

4	In the Date field, type the first day of your conversion month. For example, if your conversion month is January 2009, enter 01/01/09.

5	In the Amount field, type the amount of the withdrawal.

6	In the Acct # field, type or select the bank account you want to reconcile. This must be the account entered in step 2.

7	Enter details of the withdrawal in the Memo field.

8	Click Record.

9	Repeat from step 3 for each uncleared withdrawal.

To record uncleared deposits

1	Go to the Banking command centre and click Receive Money. The Receive Money window appears.

2	In the Deposit to Account field, type or select the bank account you want to reconcile.

3	In the Date field, type the first day of your conversion month. For example, if your conversion month is January 2009, enter 01/01/09.

4	In the Amount Received field, type the amount of the deposit.

5	In the Acct # field, type or select the bank account you want to reconcile. This must be the account entered in step 2.

6	Enter details of the deposit in the Memo field.

7	Click Record.

8	Repeat from step 3 for each uncleared deposit.

■	Task 3: Reconcile

■	Do an initial bank reconciliation

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