Record Bank Entries During Bank Reconciliation

Sage ERP Accpac Bank Services 6.0

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Record Bank Entries During Bank Reconciliation

Overview

When you are reconciling statements, you can click the Bank Entries button to open a modified Bank Entries form that lets you enter service charges, bank interest income, or any other transactions from the bank statement that you have not already entered in your accounting system.

You must post bank entries before you can post the bank reconciliation. When you post bank entries, Bank Services creates a General Ledger transaction batch for the entries.

To add bank entries:

  1. On the Reconciliation tab of the Reconcile Statements form, click the Bank Entry button.

  2. Beside the Entry Number field, type a description for the bank entry.

  3. From list in the Bank Entry Type field, select Withdrawal or Deposit.

  4. Select the payment type from the list in the Payment Type field.

  5. In the Bank Entry Date field, accept the session date that is displayed as the default, or select a different date.

  6. If you have a multicurrency system, accept the currency code displayed in the Currency field, or use the Finder to change the code.

  7. If you have set up a distribution set for this type of transaction:

  1. Use the Finder to select the distribution set, or type the code in the Distribution Set field.

  2. Click the Create Dist. button to insert distribution lines as prescribed for the code.

  3. Edit the distribution lines in the grid, as necessary.

  1. If you did not enter a distribution set, or if you want to enter additional distribution lines, for each line:

  1. Select the next blank line on the grid.

  2. Double-click the Distribution Code column, then use the Finder to select a distribution code.

Or

Double-click the G/L Account column, then use the Finder to select the general ledger account.

  1. Double-click the Amount column, then type the amount for the distribution line.

  2. If the bank entry is taxable:

  1. Double-click in the Taxable column to change the Taxable status to Yes.

  2. Click the Taxable column heading to display the Taxes form.

  3. In the Tax Group field, use the Finder to select the tax group or type the tax group code.

  4. Edit the tax amounts, as necessary.

  5. When you have finished entering taxes for the distribution line, click Close.

  1. If you want to enter another distribution line, press the Insert key.

  2. If this is a multicurrency entry and you want to view or override exchange rate information, click the Rate button, change the rate type, rate date, or exchange rate, as required, and then click Close.

  3. When you have finished adding distribution lines, click Add (or Save).

  4. Click Post.

  5. Click Close to return to the Reconcile Statements form.

 

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