Bank Reconciliation
When the Accounts Payable system is started a different menu will be displayed across the top. The new menu provides two choices. The maintenance choice provides the capability to close the bank reconciliation files, and may be performed whenever desired. The other choice is for the bank reconciliation report which is also available at any time.
Closing Bank Reconciliation
When the period is closed, it will have no effect on the bank reconciliation files. The closing screen will display "Cancelled" in the remarks during closing. The bank reconciliation files are only affected when the files is closed through the maintenance menu.
When the bank statements are received, process them as normal in the bank reconciliation programs. At any time after completion, if the bank reconciliation is closed, the completed transactions will be deleted from the current files and added to the history files.
Features:
- Saves all deposits and bank transfer detail for later review
- Separates the statement closing from the Payables closing
- Makes the files easier to understand
Modules
Versions:
Series 6, Series 7, Vision Point, VP10
